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

Vident Advisory LLC acquired a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 10,960 shares of the company's stock, valued at approximately $1,306,000.

A number of other hedge funds have also added to or reduced their stakes in MHK. Huntington National Bank boosted its stake in Mohawk Industries by 27.4% in the 4th quarter. Huntington National Bank now owns 554 shares of the company's stock worth $66,000 after purchasing an additional 119 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Mohawk Industries by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 25,659 shares of the company's stock worth $3,054,000 after purchasing an additional 120 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Mohawk Industries by 0.7% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,065 shares of the company's stock worth $2,748,000 after purchasing an additional 150 shares in the last quarter. BOKF NA boosted its stake in Mohawk Industries by 1.2% in the 4th quarter. BOKF NA now owns 12,694 shares of the company's stock worth $1,499,000 after purchasing an additional 150 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Mohawk Industries by 2.5% in the 4th quarter. CIBC Asset Management Inc now owns 7,816 shares of the company's stock worth $931,000 after purchasing an additional 190 shares in the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MHK. Evercore ISI cut their price objective 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 lowered their target price on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. cut their price target on Mohawk Industries from $156.00 to $139.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company cut their target price on Mohawk Industries from $130.00 to $105.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Mohawk Industries in a research note on Tuesday, April 1st. They issued a "hold" rating and a $121.00 target price on the stock. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $140.00.

Mohawk Industries Price Performance

Shares of MHK traded down $0.19 during trading hours on Thursday, hitting $101.14. 168,003 shares of the stock were exchanged, compared to its average volume of 777,407. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. Mohawk Industries, Inc. has a 12-month low of $96.24 and a 12-month high of $164.29. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 12.41, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24. The stock's 50-day moving average price is $106.49 and its two-hundred day moving average price is $118.14.

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

About Mohawk Industries

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.