Dimensional Fund Advisors LP Sells 38,313 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Dimensional Fund Advisors LP decreased its holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,750,761 shares of the company's stock after selling 38,313 shares during the period. Dimensional Fund Advisors LP owned about 4.36% of Mohawk Industries worth $327,698,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Resona Asset Management Co. Ltd. bought a new stake in Mohawk Industries in the 4th quarter valued at $41,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Mohawk Industries during the 3rd quarter worth about $55,000. Versant Capital Management Inc boosted its holdings in shares of Mohawk Industries by 71.0% during the 4th quarter. Versant Capital Management Inc now owns 537 shares of the company's stock worth $64,000 after buying an additional 223 shares during the period. R Squared Ltd acquired a new position in Mohawk Industries in the 4th quarter valued at about $66,000. Finally, Huntington National Bank raised its holdings in Mohawk Industries by 27.4% in the 4th 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 period. 78.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Robert W. Baird decreased their target price on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. Bank of America dropped their target price on Mohawk Industries from $152.00 to $150.00 and set a "buy" rating for the company in a report on Monday, February 10th. StockNews.com raised shares of Mohawk Industries from a "hold" rating to a "buy" rating in a research report on Friday. Loop Capital cut their price objective on shares of Mohawk Industries from $180.00 to $155.00 and set a "buy" rating for the company in a report on Monday, February 10th. Finally, Wolfe Research raised shares of Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $142.57.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of the firm'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 transaction, the insider now directly owns 93,584 shares of the company's stock, valued at $10,616,168.96. This trade represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 17.40% of the company's stock.

Mohawk Industries Stock Down 2.1 %

Mohawk Industries stock traded down $2.29 during midday 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 fifty day moving average price of $111.27 and a two-hundred day moving average price of $124.94. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $164.29. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $6.68 billion, a P/E ratio of 13.14, a PEG ratio of 1.44 and a beta of 1.23.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its earnings results 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 return on equity of 8.04% and a net margin of 4.78%. As a group, equities analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal 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.