Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. decreased its stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 51.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,690 shares of the company's stock after selling 45,166 shares during the quarter. Meeder Asset Management Inc. owned approximately 0.07% of Mohawk Industries worth $4,418,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MHK. Gyon Technologies Capital Management LP acquired a new position in Mohawk Industries during the fourth quarter worth about $30,000. Rockefeller Capital Management L.P. boosted its position in Mohawk Industries by 143.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 307 shares of the company's stock worth $31,000 after acquiring an additional 181 shares during the last quarter. Covestor Ltd boosted its position in Mohawk Industries by 191.0% during the first quarter. Covestor Ltd now owns 390 shares of the company's stock worth $49,000 after acquiring an additional 256 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in Mohawk Industries during the second quarter worth about $41,000. Finally, Allworth Financial LP boosted its position in Mohawk Industries by 88.1% during the fourth quarter. Allworth Financial LP now owns 521 shares of the company's stock worth $54,000 after acquiring an additional 244 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company's stock.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, VP Rodney David Patton sold 1,551 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $119.51, for a total value of $185,360.01. Following the sale, the vice president now directly owns 15,321 shares of the company's stock, valued at approximately $1,831,012.71. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 17.20% of the company's stock.

Mohawk Industries Stock Up 0.2 %

Shares of NYSE:MHK traded up $0.25 during trading hours on Friday, reaching $122.36. The stock had a trading volume of 550,551 shares, compared to its average volume of 528,739. Mohawk Industries, Inc. has a 1 year low of $76.02 and a 1 year high of $131.19. The firm's 50 day moving average is $117.81 and its 200-day moving average is $100.24. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.97 and a current ratio of 1.78. The stock has a market capitalization of $7.79 billion, a price-to-earnings ratio of -17.68 and a beta of 1.34.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings data on Friday, February 9th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.10. Mohawk Industries had a negative net margin of 3.95% and a positive return on equity of 7.52%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the firm posted $1.32 EPS. The company's quarterly revenue was down 1.4% compared to the same quarter last year. Research analysts predict that Mohawk Industries, Inc. will post 9.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

MHK has been the topic of several recent analyst reports. TheStreet upgraded shares of Mohawk Industries from a "d+" rating to a "c-" rating in a report on Monday, March 4th. StockNews.com raised shares of Mohawk Industries from a "hold" rating to a "buy" rating in a research note on Saturday, February 17th. The Goldman Sachs Group boosted their price target on shares of Mohawk Industries from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, January 11th. Deutsche Bank Aktiengesellschaft raised shares of Mohawk Industries from a "hold" rating to a "buy" rating and upped their target price for the stock from $98.00 to $152.00 in a research note on Monday, February 12th. Finally, Royal Bank of Canada upped their target price on shares of Mohawk Industries from $101.00 to $106.00 and gave the stock a "sector perform" rating in a research note on Monday, February 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $117.56.

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.