Tower Research Capital LLC TRC Buys 3,846 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Tower Research Capital LLC TRC increased its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 144.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,510 shares of the company's stock after acquiring an additional 3,846 shares during the quarter. Tower Research Capital LLC TRC's holdings in Mohawk Industries were worth $776,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Huntington National Bank increased its holdings in Mohawk Industries by 27.4% during the fourth quarter. Huntington National Bank now owns 554 shares of the company's stock worth $66,000 after buying an additional 119 shares during the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of Mohawk Industries by 2.2% in the 4th quarter. Contravisory Investment Management Inc. now owns 5,711 shares of the company's stock worth $680,000 after purchasing an additional 121 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Mohawk Industries by 1.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,874 shares of the company's stock valued at $819,000 after purchasing an additional 130 shares during the last quarter. Treasurer of the State of North Carolina grew its holdings in Mohawk Industries by 0.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,065 shares of the company's stock valued at $2,748,000 after purchasing an additional 150 shares during the period. Finally, CIBC Asset Management Inc lifted its position in shares of Mohawk Industries by 2.5% during the 4th quarter. CIBC Asset Management Inc now owns 7,816 shares of the company's stock valued at $931,000 after buying an additional 190 shares during the last quarter. Institutional investors own 78.98% of the company's stock.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 10,500 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the completion of the transaction, the insider now owns 93,584 shares in the company, valued at $10,616,168.96. This represents a 10.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.40% of the stock is owned by insiders.

Mohawk Industries Price Performance

Shares of NYSE MHK traded down $2.84 during trading hours on Friday, reaching $103.61. 671,614 shares of the stock traded hands, compared to its average volume of 786,995. The company has a market capitalization of $6.48 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23. The company's 50-day simple moving average is $110.44 and its two-hundred day simple moving average is $123.53. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a 52-week low of $96.24 and a 52-week high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.41 by $0.11. The company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.56 billion. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. Mohawk Industries's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.86 EPS. Equities research analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Robert W. Baird lowered their price objective on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a research note on Monday, February 10th. StockNews.com upgraded shares of Mohawk Industries from a "hold" rating to a "buy" rating in a research note on Friday, April 25th. Wolfe Research upgraded Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 price target for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Mohawk Industries in a report on Tuesday, April 1st. They set a "hold" rating and a $121.00 price objective on the stock. Finally, The Goldman Sachs Group lowered their price target on shares of Mohawk Industries from $170.00 to $145.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Six 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $142.57.

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.