AXQ Capital LP Raises Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

AXQ Capital LP grew its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 54.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,147 shares of the company’s stock after buying an additional 1,465 shares during the quarter. AXQ Capital LP’s holdings in Mohawk Industries were worth $494,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Mark Sheptoff Financial Planning LLC purchased a new stake in Mohawk Industries in the 3rd quarter worth $36,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Mohawk Industries in the third quarter valued at about $55,000. True Wealth Design LLC purchased a new stake in shares of Mohawk Industries during the third quarter worth about $61,000. Versant Capital Management Inc raised its position in shares of Mohawk Industries by 71.0% during the 4th quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock worth $64,000 after purchasing an additional 223 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Mohawk Industries in the 4th quarter valued at about $66,000. 78.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. JPMorgan Chase & Co. reduced their target price on Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Wolfe Research raised Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research note on Wednesday, January 8th. StockNews.com cut shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Friday. Bank of America reduced their target price on shares of Mohawk Industries from $152.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Finally, The Goldman Sachs Group dropped their price objective on shares of Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $146.92.

Mohawk Industries Trading Down 2.2 %

NYSE:MHK opened at $111.75 on Friday. Mohawk Industries, Inc. has a 12-month low of $104.88 and a 12-month high of $164.29. The firm has a market cap of $6.99 billion, a PE ratio of 13.75, 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. The stock has a fifty day moving average price of $120.12 and a 200 day moving average price of $133.45.

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 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%. Sell-side analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries stock in a transaction on 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 17.10% of the stock is currently owned by company insiders.

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.