10,960 Shares in Mohawk Industries, Inc. (NYSE:MHK) Bought by Vident Advisory LLC

Vident Advisory LLC bought a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,960 shares of the company's stock, valued at approximately $1,306,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Mohawk Industries during the fourth quarter valued at approximately $61,171,000. Millennium Management LLC lifted its holdings in shares of Mohawk Industries by 66.2% during the fourth quarter. Millennium Management LLC now owns 898,322 shares of the company's stock valued at $107,017,000 after purchasing an additional 357,687 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Mohawk Industries by 35.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,366,517 shares of the company's stock valued at $162,793,000 after purchasing an additional 354,656 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Mohawk Industries by 48.7% during the fourth quarter. American Century Companies Inc. now owns 958,818 shares of the company's stock valued at $114,224,000 after buying an additional 313,897 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in Mohawk Industries by 394.5% in the 4th quarter. Two Sigma Investments LP now owns 313,547 shares of the company's stock worth $37,353,000 after buying an additional 250,145 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the completion of the sale, the insider now owns 93,584 shares in the company, valued at approximately $10,616,168.96. This trade represents a 10.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 17.40% of the company's stock.

Mohawk Industries Stock Performance

Shares of NYSE MHK traded up $3.46 during trading on Tuesday, hitting $104.56. The company had a trading volume of 798,252 shares, compared to its average volume of 754,338. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $164.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. The firm has a market capitalization of $6.54 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24. The stock has a 50 day simple moving average of $106.89 and a 200 day simple moving average of $118.36.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MHK shares. Wall Street Zen cut shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Loop Capital lowered their price objective on shares of Mohawk Industries from $180.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. Barclays decreased their target price on shares of Mohawk Industries from $115.00 to $111.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. Wells Fargo & Company lowered their price target on Mohawk Industries from $130.00 to $105.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Finally, Robert W. Baird cut their price objective on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Mohawk Industries presently has an average rating of "Moderate Buy" and a consensus price target of $140.00.

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.