Barclays PLC Has $12.18 Million Stake in Mohawk Industries, Inc. (NYSE:MHK)

Barclays PLC reduced its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 58.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,243 shares of the company's stock after selling 145,219 shares during the quarter. Barclays PLC owned approximately 0.16% of Mohawk Industries worth $12,180,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its position in Mohawk Industries by 289.3% during the third quarter. Stifel Financial Corp now owns 7,280 shares of the company's stock worth $1,170,000 after buying an additional 5,410 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Mohawk Industries in the 3rd quarter worth $55,000. Tidal Investments LLC lifted its position in Mohawk Industries by 9.4% in the third quarter. Tidal Investments LLC now owns 13,810 shares of the company's stock valued at $2,219,000 after purchasing an additional 1,188 shares during the period. Franklin Resources Inc. grew its holdings in Mohawk Industries by 32.8% during the third quarter. Franklin Resources Inc. now owns 37,162 shares of the company's stock worth $5,878,000 after acquiring an additional 9,173 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Mohawk Industries by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 61,724 shares of the company's stock worth $9,918,000 after purchasing an additional 2,601 shares during the period. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Mohawk Industries Stock Down 2.1 %

NYSE:MHK traded down $2.29 during mid-day trading on Friday, reaching $106.81. The stock had a trading volume of 925,174 shares, compared to its average volume of 738,275. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The stock has a market cap of $6.68 billion, a P/E ratio of 13.14, a PEG ratio of 1.44 and a beta of 1.23. The business's 50 day moving average is $111.27 and its 200 day moving average is $124.94. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. As a group, sell-side analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Analyst Ratings Changes

MHK has been the subject of several research reports. Raymond James reaffirmed a "strong-buy" rating and set a $165.00 price target (down previously from $185.00) on shares of Mohawk Industries in a research note on Monday, February 10th. JPMorgan Chase & Co. cut their price target on Mohawk Industries from $161.00 to $156.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Bank of America cut their price objective on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Barclays lowered their price target on Mohawk Industries from $125.00 to $115.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Mohawk Industries in a research report on Tuesday, April 1st. They issued a "hold" rating and a $121.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $142.57.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 10,500 shares of the company's stock in a transaction that occurred on 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 transaction, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 17.40% of the company's stock.

Mohawk Industries Company 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.