AlphaQuest LLC Sells 2,740 Shares of Mohawk Industries, Inc. (NYSE:MHK)

AlphaQuest LLC decreased its position in Mohawk Industries, Inc. (NYSE:MHK) by 55.4% in the 4th quarter, HoldingsChannel reports. The fund owned 2,206 shares of the company’s stock after selling 2,740 shares during the period. AlphaQuest LLC’s holdings in Mohawk Industries were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of MHK. Hantz Financial Services Inc. raised its stake in shares of Mohawk Industries by 7.5% in the third quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company’s stock valued at $266,000 after purchasing an additional 115 shares in the last quarter. Contravisory Investment Management Inc. raised its stake 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 valued at $680,000 after buying an additional 121 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Mohawk Industries by 1.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,874 shares of the company’s stock worth $819,000 after acquiring an additional 130 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in shares of Mohawk Industries by 11.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,518 shares of the company’s stock valued at $244,000 after acquiring an additional 161 shares in the last quarter. Finally, CIBC Asset Management Inc increased its stake in Mohawk Industries by 2.5% in the fourth quarter. CIBC Asset Management Inc now owns 7,816 shares of the company’s stock valued at $931,000 after acquiring an additional 190 shares during the period. Institutional investors own 78.98% of the company’s stock.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the business’s 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 completion of the transaction, the insider now directly owns 93,584 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.10% of the stock is owned by corporate insiders.

Mohawk Industries Trading Up 3.1 %

NYSE:MHK opened at $114.39 on Friday. The firm has a market capitalization of $7.16 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 1.44 and a beta of 1.44. Mohawk Industries, Inc. has a 1-year low of $104.88 and a 1-year high of $164.29. The business’s 50-day moving average price is $120.51 and its two-hundred day moving average price is $134.85. 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 (NYSE:MHK) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. On average, equities analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MHK shares. The Goldman Sachs Group lowered 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. Raymond James reiterated a “strong-buy” rating and issued a $165.00 price target (down from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Loop Capital reduced 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. JPMorgan Chase & Co. lowered their target price 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. Finally, Evercore ISI decreased their price objective on shares of Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating on the stock in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $146.92.

About Mohawk Industries

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.