LSV Asset Management Has $16.13 Million Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

LSV Asset Management decreased its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 6.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,840 shares of the company's stock after selling 10,200 shares during the quarter. LSV Asset Management owned approximately 0.24% of Mohawk Industries worth $16,129,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MHK. Robeco Institutional Asset Management B.V. increased its holdings in Mohawk Industries by 3,935.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,753 shares of the company's stock worth $322,000 after purchasing an additional 3,660 shares during the period. Xponance Inc. boosted its position in shares of Mohawk Industries by 5.3% during the 3rd quarter. Xponance Inc. now owns 8,930 shares of the company's stock worth $766,000 after acquiring an additional 446 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Mohawk Industries by 34.3% during the 3rd quarter. Mackenzie Financial Corp now owns 6,579 shares of the company's stock worth $536,000 after acquiring an additional 1,680 shares in the last quarter. Strs Ohio boosted its position in shares of Mohawk Industries by 10.7% during the 3rd quarter. Strs Ohio now owns 14,259 shares of the company's stock worth $1,223,000 after acquiring an additional 1,381 shares in the last quarter. Finally, IFM Investors Pty Ltd boosted its position in shares of Mohawk Industries by 4.4% during the 3rd quarter. IFM Investors Pty Ltd now owns 10,447 shares of the company's stock worth $896,000 after acquiring an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company's stock.

Insider Transactions at Mohawk Industries

In other news, VP Rodney David Patton sold 1,551 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $119.51, for a total transaction of $185,360.01. Following the completion of the transaction, 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 document filed with the SEC, which is accessible through this link. Company insiders own 17.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MHK shares. TheStreet raised Mohawk Industries from a "d+" rating to a "c-" rating in a research report on Monday, March 4th. JPMorgan Chase & Co. upped their price objective on Mohawk Industries from $122.00 to $124.00 and gave the stock a "neutral" rating in a research report on Friday. Loop Capital decreased their target price on Mohawk Industries from $140.00 to $135.00 and set a "buy" rating for the company in a research report on Monday, April 29th. The Goldman Sachs Group upped their target price on Mohawk Industries from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, January 11th. Finally, Barclays decreased their target price on Mohawk Industries from $122.00 to $120.00 and set an "equal weight" rating for the company in a research report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Mohawk Industries currently has a consensus rating of "Hold" and a consensus target price of $121.33.

Mohawk Industries Stock Performance

Mohawk Industries stock traded up $0.05 during mid-day trading on Tuesday, reaching $118.09. 524,561 shares of the company were exchanged, compared to its average volume of 704,204. Mohawk Industries, Inc. has a twelve month low of $76.02 and a twelve month high of $131.19. The firm's 50-day simple moving average is $119.18 and its two-hundred day simple moving average is $105.13. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.02 and a current ratio of 1.83. The firm has a market cap of $7.54 billion, a PE ratio of -18.06, a price-to-earnings-growth ratio of 1.17 and a beta of 1.35.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.16. The company had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.64 billion. Mohawk Industries had a positive return on equity of 7.72% and a negative net margin of 3.77%. The firm's revenue for the quarter was down 4.5% on a year-over-year basis. During the same period last year, the firm earned $1.75 EPS. Equities analysts predict that Mohawk Industries, Inc. will post 9.54 earnings per share 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.