EntryPoint Capital LLC Takes Position in Mohawk Industries, Inc. (NYSE:MHK)

EntryPoint Capital LLC bought a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) during the 4th quarter, HoldingsChannel.com reports. The fund bought 2,468 shares of the company’s stock, valued at approximately $294,000.

A number of other large investors also recently added to or reduced their stakes in MHK. Hantz Financial Services Inc. grew its stake in shares of Mohawk Industries by 7.5% during the third quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company’s stock valued at $266,000 after buying an additional 115 shares during the last quarter. Contravisory Investment Management Inc. grew its position in Mohawk Industries by 2.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 5,711 shares of the company’s stock worth $680,000 after acquiring an additional 121 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Mohawk Industries by 1.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,874 shares of the company’s stock worth $819,000 after purchasing an additional 130 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in Mohawk Industries by 11.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 1,518 shares of the company’s stock valued at $244,000 after purchasing an additional 161 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Mohawk Industries by 2.5% during the fourth quarter. CIBC Asset Management Inc now owns 7,816 shares of the company’s stock valued at $931,000 after purchasing an additional 190 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Up 0.3 %

NYSE:MHK opened at $117.22 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The firm’s 50-day moving average price is $119.31 and its 200-day moving average price is $132.66. The company has a market capitalization of $7.34 billion, a PE ratio of 14.42, a P/E/G 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.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, topping 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%. On average, equities analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on MHK. Evercore ISI decreased their target price 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. Wells Fargo & Company lowered their price objective on shares of Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Barclays cut their target price on Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. StockNews.com cut Mohawk Industries from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Finally, The Goldman Sachs Group reduced their target price 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. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mohawk Industries presently has an average rating of “Moderate Buy” and a consensus price target of $146.92.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 10,500 shares of the stock in a transaction on 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 sale, the insider now directly owns 93,584 shares of the company’s stock, valued at approximately $10,616,168.96. This represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 17.10% of the stock is owned by corporate 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.