Centiva Capital LP Buys 21,376 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Centiva Capital LP increased its holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 1,610.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,703 shares of the company's stock after purchasing an additional 21,376 shares during the period. Centiva Capital LP's holdings in Mohawk Industries were worth $2,705,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Mohawk Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,229,786 shares of the company's stock worth $742,154,000 after buying an additional 20,327 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Mohawk Industries by 6.3% in the fourth quarter. JPMorgan Chase & Co. now owns 3,215,616 shares of the company's stock worth $383,076,000 after purchasing an additional 191,077 shares during the last quarter. Invesco Ltd. raised its position in Mohawk Industries by 16.3% during the 4th quarter. Invesco Ltd. now owns 1,725,383 shares of the company's stock valued at $205,545,000 after purchasing an additional 241,448 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake 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. Finally, Geode Capital Management LLC raised its holdings in Mohawk Industries by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 1,298,260 shares of the company's stock worth $154,488,000 after purchasing an additional 22,736 shares in the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on MHK shares. Robert W. Baird reduced their target price on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Raymond James restated a "strong-buy" rating and set a $165.00 price objective (down from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Evercore ISI dropped their price target on Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating for the company in a research report on Monday, February 10th. Bank of America cut their price target on Mohawk Industries from $152.00 to $150.00 and set a "buy" rating for the company in a report on Monday, February 10th. Finally, Royal Bank of Canada lowered their price objective on Mohawk Industries from $130.00 to $119.00 and set a "sector perform" rating for the company in a research report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $140.00.

Mohawk Industries Price Performance

MHK stock traded up $1.25 during trading on Friday, hitting $106.36. The stock had a trading volume of 784,706 shares, compared to its average volume of 751,118. Mohawk Industries, Inc. has a 1-year low of $96.24 and a 1-year high of $164.29. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24. 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 company's 50 day moving average price is $108.83 and its two-hundred day moving average price is $121.00.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $1.52 earnings per share (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 company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the business earned $1.86 EPS. Mohawk Industries's revenue for the quarter was down 5.7% compared to the same quarter last year. On average, sell-side analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Insider Buying and Selling

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

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.