Mohawk Industries, Inc. (NYSE:MHK) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 532,652 shares of the company's stock after purchasing an additional 22,616 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.84% of Mohawk Industries worth $55,129,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in MHK. JPMorgan Chase & Co. lifted its stake in Mohawk Industries by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,435,283 shares of the company's stock worth $208,972,000 after acquiring an additional 103,813 shares in the last quarter. Ariel Investments LLC grew its holdings in shares of Mohawk Industries by 3.9% in the third quarter. Ariel Investments LLC now owns 2,059,100 shares of the company's stock valued at $176,691,000 after purchasing an additional 77,974 shares in the last quarter. Invesco Ltd. increased its stake in Mohawk Industries by 9.7% during the 3rd quarter. Invesco Ltd. now owns 1,759,210 shares of the company's stock worth $150,958,000 after buying an additional 156,230 shares during the period. Shapiro Capital Management LLC lifted its holdings in Mohawk Industries by 4.0% during the 3rd quarter. Shapiro Capital Management LLC now owns 1,718,687 shares of the company's stock worth $147,481,000 after buying an additional 65,934 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in Mohawk Industries by 1,152.0% in the 4th quarter. Pacer Advisors Inc. now owns 796,736 shares of the company's stock valued at $82,462,000 after buying an additional 733,097 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mohawk Industries news, VP Rodney David Patton sold 1,551 shares of Mohawk Industries stock in a transaction 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 transaction, the vice president now directly owns 15,321 shares in the company, valued at $1,831,012.71. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 17.10% of the stock is owned by company insiders.

Mohawk Industries Stock Performance

Shares of MHK stock traded down $0.51 during mid-day trading on Friday, hitting $120.36. 479,713 shares of the stock were exchanged, compared to its average volume of 688,571. The stock's fifty day simple moving average is $119.35 and its two-hundred day simple moving average is $106.82. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.02 and a current ratio of 1.83. Mohawk Industries, Inc. has a 12-month low of $76.02 and a 12-month high of $131.19.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.70 by $0.16. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates 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 was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 earnings per share. On average, research analysts forecast that Mohawk Industries, Inc. will post 9.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MHK. JPMorgan Chase & Co. increased their price objective on Mohawk Industries from $122.00 to $124.00 and gave the company a "neutral" rating in a research note on Friday, May 3rd. Wells Fargo & Company reduced their target price on shares of Mohawk Industries from $105.00 to $100.00 and set an "underweight" rating on the stock in a report on Monday, January 22nd. Loop Capital lowered their price target on shares of Mohawk Industries from $140.00 to $135.00 and set a "buy" rating for the company in a report on Monday, April 29th. Barclays dropped their price objective on shares of Mohawk Industries from $122.00 to $120.00 and set an "equal weight" rating on the stock in a research report on Monday, April 29th. Finally, TheStreet raised shares of Mohawk Industries from a "d+" rating to a "c-" rating in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $121.33.

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.