LPL Financial LLC Has $1.50 Million Holdings in Mohawk Industries, Inc. (NYSE:MHK)

LPL Financial LLC boosted its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 11.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,569 shares of the company’s stock after acquiring an additional 1,273 shares during the period. LPL Financial LLC’s holdings in Mohawk Industries were worth $1,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Mohawk Industries during the 3rd quarter valued at $55,000. Versant Capital Management Inc boosted its stake in shares of Mohawk Industries by 71.0% in the 4th quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock valued at $64,000 after purchasing an additional 223 shares during the last quarter. R Squared Ltd bought a new position in shares of Mohawk Industries in the 4th quarter worth about $66,000. Jones Financial Companies Lllp boosted its holdings in shares of Mohawk Industries by 233.0% during the 4th quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock worth $85,000 after buying an additional 501 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in Mohawk Industries in the fourth quarter valued at $88,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MHK shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Mohawk Industries in a research note on Tuesday, April 1st. They set a “hold” rating and a $121.00 price target for the company. The Goldman Sachs Group dropped their price objective on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. StockNews.com lowered Mohawk Industries from a “buy” rating to a “hold” rating in a report on Wednesday, April 2nd. Barclays decreased their price target on shares of Mohawk Industries from $125.00 to $115.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Finally, Robert W. Baird reduced their target price 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. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $142.57.

Mohawk Industries Price Performance

MHK opened at $102.75 on Friday. The stock’s 50 day moving average price is $113.34 and its 200-day moving average price is $127.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. The stock has a market capitalization of $6.42 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23. Mohawk Industries, Inc. has a 52-week low of $96.24 and a 52-week high of $164.29.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. On average, equities research analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insider Activity

In related news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries stock in a transaction 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 transaction, the insider now directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 17.40% of the stock is owned by corporate insiders.

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.