Wilsey Asset Management Inc. Has $23.52 Million Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Wilsey Asset Management Inc. increased its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 3.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 205,952 shares of the company's stock after acquiring an additional 7,438 shares during the quarter. Mohawk Industries comprises about 4.7% of Wilsey Asset Management Inc.'s investment portfolio, making the stock its 15th largest holding. Wilsey Asset Management Inc. owned approximately 0.33% of Mohawk Industries worth $23,516,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MHK. Resona Asset Management Co. Ltd. acquired a new position in shares of Mohawk Industries during the 4th quarter worth approximately $41,000. Huntington National Bank grew its position 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 buying an additional 119 shares in the last quarter. Jones Financial Companies Lllp grew its position in Mohawk Industries by 233.0% during the fourth quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock worth $85,000 after buying an additional 501 shares in the last quarter. Mufg Securities Americas Inc. bought a new position in Mohawk Industries during the 4th quarter worth $92,000. Finally, Palouse Capital Management Inc. acquired a new position in Mohawk Industries in the 4th quarter valued at $102,000. 78.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Royal Bank Of Canada reduced their target price on Mohawk Industries from $130.00 to $119.00 and set a "sector perform" rating on the stock in a report on Monday, May 5th. Wells Fargo & Company decreased their target price on shares of Mohawk Industries from $130.00 to $105.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Barclays dropped 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 report on Monday, May 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Mohawk Industries in a research report on Tuesday, April 1st. They set a "hold" rating and a $121.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Mohawk Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.00.

Mohawk Industries Price Performance

Shares of NYSE:MHK traded down $0.45 during trading on Wednesday, hitting $97.98. 1,020,240 shares of the company were exchanged, compared to its average volume of 766,593. Mohawk Industries, Inc. has a 1-year low of $96.24 and a 1-year high of $164.29. The company has a market capitalization of $6.13 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 3.98 and a beta of 1.19. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.22. The business's 50 day moving average is $104.04 and its 200-day moving average is $114.30.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.11. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.56 billion. Mohawk Industries had a net margin of 4.54% and a return on equity of 7.68%. The company's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.86 EPS. Equities analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

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.