Universal Beteiligungs und Servicegesellschaft mbH Acquires New Position in Mohawk Industries, Inc. (NYSE:MHK)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,125 shares of the company's stock, valued at approximately $1,564,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MHK. Resona Asset Management Co. Ltd. bought a new stake in shares of Mohawk Industries in the fourth quarter valued at about $41,000. Huntington National Bank lifted its stake in Mohawk Industries by 27.4% during the fourth quarter. Huntington National Bank now owns 554 shares of the company's stock worth $66,000 after purchasing an additional 119 shares during the period. Jones Financial Companies Lllp raised its stake in shares of Mohawk Industries by 233.0% in the fourth quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock valued at $85,000 after acquiring an additional 501 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Mohawk Industries in the fourth quarter valued at approximately $88,000. Finally, Mufg Securities Americas Inc. bought a new position in shares of Mohawk Industries in the fourth quarter valued at approximately $92,000. Institutional investors and hedge funds own 78.98% of the company's stock.

Mohawk Industries Stock Performance

MHK traded up $0.79 on Friday, hitting $101.58. The company's stock had a trading volume of 607,041 shares, compared to its average volume of 759,521. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $164.29. The firm has a market cap of $6.35 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 1.44 and a beta of 1.19. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. The company's 50 day simple moving average is $104.40 and its 200-day simple moving average is $116.09.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.41 by $0.11. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.56 billion. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. The firm's quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.86 EPS. Analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company lowered their price target on Mohawk Industries from $130.00 to $105.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Evercore ISI decreased their price target on shares of Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating for the company in a report on Monday, February 10th. Robert W. Baird decreased their price target on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Raymond James reaffirmed a "strong-buy" rating and issued a $165.00 target price (down from $185.00) on shares of Mohawk Industries in a research note on Monday, February 10th. Finally, Bank of America reduced their target price on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Mohawk Industries currently has a consensus rating of "Moderate Buy" and an average target price of $140.00.

Insider Activity

In related news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries stock in a transaction on Friday, March 14th. The shares were sold at an average price of $113.44, for a total value of $1,191,120.00. Following the transaction, the insider now owns 93,584 shares in the company, valued at $10,616,168.96. This trade represents a 10.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 17.40% of the company's stock.

Mohawk Industries Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.