Van Lanschot Kempen Investment Management N.V. Cuts Position in Mohawk Industries, Inc. (NYSE:MHK)

Van Lanschot Kempen Investment Management N.V. decreased its stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 53.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 194,949 shares of the company's stock after selling 220,891 shares during the period. Van Lanschot Kempen Investment Management N.V. owned about 0.31% of Mohawk Industries worth $23,224,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Mohawk Industries by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 6,229,786 shares of the company's stock worth $742,154,000 after purchasing an additional 20,327 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Mohawk Industries by 6.3% in the 4th quarter. JPMorgan Chase & Co. now owns 3,215,616 shares of the company's stock worth $383,076,000 after acquiring an additional 191,077 shares during the last quarter. Invesco Ltd. raised its position in Mohawk Industries by 16.3% in the 4th quarter. Invesco Ltd. now owns 1,725,383 shares of the company's stock worth $205,545,000 after purchasing an additional 241,448 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Mohawk Industries by 35.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,366,517 shares of the company's stock worth $162,793,000 after purchasing an additional 354,656 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Mohawk Industries by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,298,260 shares of the company's stock valued at $154,488,000 after buying an additional 22,736 shares during the period. Hedge funds and other institutional investors own 78.98% of the company's stock.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $113.44, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 17.40% of the company's stock.

Mohawk Industries Stock Performance

Shares of MHK stock traded down $2.29 on Friday, hitting $106.81. The company had a trading volume of 925,174 shares, compared to its average volume of 738,275. The firm has a market cap of $6.68 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $164.29. The company has a 50-day moving average price of $111.27 and a 200-day moving average price of $124.94. 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 (NYSE:MHK - Get Free Report) last issued its quarterly earnings data 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 net margin of 4.78% and a return on equity of 8.04%. As a group, equities research analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MHK shares. Loop Capital decreased their target price on shares of Mohawk Industries from $180.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, February 10th. Raymond James restated a "strong-buy" rating and issued a $165.00 price objective (down previously from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. StockNews.com raised Mohawk Industries from a "hold" rating to a "buy" rating in a research note on Friday. The Goldman Sachs Group lowered their price target on Mohawk Industries from $170.00 to $145.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, Robert W. Baird cut their price objective 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. Six investment 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 company's stock. Based on data from MarketBeat.com, the stock has an average 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.