Jefferies Financial Group Inc. Invests $799,000 in Mohawk Industries, Inc. (NYSE:MHK)

Jefferies Financial Group Inc. acquired a new position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,703 shares of the company's stock, valued at approximately $799,000.

A number of other hedge funds have also made changes to their positions in the business. Resona Asset Management Co. Ltd. acquired a new stake in Mohawk Industries during the fourth quarter worth approximately $41,000. R Squared Ltd acquired a new stake in Mohawk Industries during the 4th quarter worth $66,000. Huntington National Bank lifted its position in Mohawk Industries by 27.4% in the fourth quarter. Huntington National Bank now owns 554 shares of the company's stock valued at $66,000 after acquiring an additional 119 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in 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 in the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Mohawk Industries during the fourth quarter worth about $88,000. Hedge funds and other institutional investors own 78.98% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays decreased their target price on 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. Wells Fargo & Company decreased their price objective on Mohawk Industries from $130.00 to $105.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Loop Capital cut their target price on shares of Mohawk Industries from $180.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Bank of America reduced their price target on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, February 10th. Finally, Robert W. Baird lowered their price objective on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Seven research 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $140.00.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the firm'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 sale, the insider now directly 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 filing with the SEC, which can be accessed through this link. 17.40% of the stock is currently owned by company insiders.

Mohawk Industries Trading Down 0.6%

Shares of MHK traded down $0.60 during mid-day trading on Monday, hitting $107.57. The company had a trading volume of 554,340 shares, compared to its average volume of 755,466. Mohawk Industries, Inc. has a 1-year low of $96.24 and a 1-year high of $164.29. 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 business's 50-day simple moving average is $108.11 and its 200-day simple moving average is $119.95. The stock has a market cap of $6.73 billion, a PE ratio of 13.23, a P/E/G ratio of 1.44 and a beta of 1.24.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.52 EPS for the quarter, beating the consensus estimate 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 4.78% and a return on equity of 8.04%. Mohawk Industries's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.86 earnings per share. Sell-side analysts forecast 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.