Mohawk Industries, Inc. (NYSE:MHK) Stock Holdings Lowered by Barclays PLC

Barclays PLC cut its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 58.7% in the 4th quarter, Holdings Channel reports. The firm owned 102,243 shares of the company’s stock after selling 145,219 shares during the period. Barclays PLC’s holdings in Mohawk Industries were worth $12,180,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Stifel Financial Corp lifted its position in shares of Mohawk Industries by 289.3% during the 3rd quarter. Stifel Financial Corp now owns 7,280 shares of the company’s stock valued at $1,170,000 after acquiring an additional 5,410 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Mohawk Industries during the third quarter worth $55,000. Tidal Investments LLC lifted its holdings in shares of Mohawk Industries by 9.4% during the third quarter. Tidal Investments LLC now owns 13,810 shares of the company’s stock valued at $2,219,000 after purchasing an additional 1,188 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Mohawk Industries by 32.8% in the 3rd quarter. Franklin Resources Inc. now owns 37,162 shares of the company’s stock valued at $5,878,000 after purchasing an additional 9,173 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Mohawk Industries by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 61,724 shares of the company’s stock worth $9,918,000 after purchasing an additional 2,601 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MHK. JPMorgan Chase & Co. decreased their target price on shares of Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Loop Capital lowered their price objective on shares of Mohawk Industries from $180.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Raymond James reissued a “strong-buy” rating and issued a $165.00 price objective (down from $185.00) on shares of Mohawk Industries in a research note on Monday, February 10th. StockNews.com lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Mohawk Industries in a research note on Tuesday, April 1st. They issued a “hold” rating and a $121.00 price target for the company. Seven investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.57.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the completion of the sale, the insider now owns 93,584 shares in the company, valued at $10,616,168.96. This trade represents a 10.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 17.40% of the stock is owned by insiders.

Mohawk Industries Price Performance

NYSE MHK opened at $100.21 on Tuesday. The stock has a 50-day simple moving average of $112.38 and a 200 day simple moving average of $125.88. The stock has a market capitalization of $6.26 billion, a PE ratio of 12.33, a P/E/G ratio of 1.44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $164.29.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. Research analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

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.