Arrowstreet Capital Limited Partnership Boosts Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Arrowstreet Capital Limited Partnership raised its position in Mohawk Industries, Inc. (NYSE:MHK) by 72.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 335,176 shares of the company’s stock after buying an additional 140,647 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.53% of Mohawk Industries worth $39,930,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Mohawk Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 6,229,786 shares of the company’s stock valued at $742,154,000 after acquiring an additional 20,327 shares during the period. JPMorgan Chase & Co. raised its position in shares of Mohawk Industries by 6.3% in the fourth quarter. JPMorgan Chase & Co. now owns 3,215,616 shares of the company’s stock valued at $383,076,000 after purchasing an additional 191,077 shares during the period. State Street Corp lifted its stake in shares of Mohawk Industries by 1.3% during the 3rd quarter. State Street Corp now owns 1,846,446 shares of the company’s stock valued at $296,687,000 after buying an additional 23,016 shares in the last quarter. American Century Companies Inc. boosted its holdings in Mohawk Industries by 48.7% in the 4th quarter. American Century Companies Inc. now owns 958,818 shares of the company’s stock worth $114,224,000 after buying an additional 313,897 shares during the period. Finally, Norges Bank purchased a new position in Mohawk Industries in the 4th quarter valued at approximately $61,171,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries Price Performance

Shares of Mohawk Industries stock opened at $117.24 on Thursday. The firm has a market capitalization of $7.34 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 1.44 and a beta of 1.44. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a 12 month low of $104.88 and a 12 month high of $164.29. The business’s 50-day moving average price is $118.12 and its 200-day moving average price is $131.53.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, beating 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%. Sell-side analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Analyst Ratings Changes

MHK has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft assumed coverage on Mohawk Industries in a report on Tuesday. They set a “hold” rating and a $121.00 target price for the company. JPMorgan Chase & Co. lowered their price target on shares of Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. StockNews.com lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $165.00 target price (down previously from $185.00) on shares of Mohawk Industries in a report on Monday, February 10th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $145.07.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $113.44, for a total value of $1,191,120.00. Following the transaction, the insider now owns 93,584 shares in the company, valued at approximately $10,616,168.96. The trade was a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 17.10% of the stock is currently owned by insiders.

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.