Lodge Hill Capital LLC Has $30.76 Million Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Lodge Hill Capital LLC lifted its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 406.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 258,220 shares of the company’s stock after purchasing an additional 207,220 shares during the quarter. Mohawk Industries makes up about 8.5% of Lodge Hill Capital LLC’s holdings, making the stock its 4th biggest position. Lodge Hill Capital LLC’s holdings in Mohawk Industries were worth $30,762,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in Mohawk Industries during the third quarter worth $55,000. Resona Asset Management Co. Ltd. bought a new stake in shares of Mohawk Industries during the 4th quarter worth about $41,000. Versant Capital Management Inc increased its holdings 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 valued at $64,000 after acquiring an additional 223 shares during the last quarter. R Squared Ltd bought a new position in shares of Mohawk Industries in the 4th quarter valued at approximately $66,000. Finally, Huntington National Bank lifted its holdings in Mohawk Industries by 27.4% in the 4th quarter. Huntington National Bank now owns 554 shares of the company’s stock worth $66,000 after purchasing an additional 119 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Stock Down 2.0 %

MHK opened at $100.99 on Thursday. The company has a market capitalization of $6.31 billion, a P/E ratio of 12.42, 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 current ratio of 2.06 and a quick ratio of 1.12. The firm’s fifty day moving average price is $113.34 and its two-hundred day moving average price is $127.51. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, beating 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, analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 10,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 17.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MHK. The Goldman Sachs Group dropped their price target on shares of Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Barclays dropped their target price 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mohawk Industries in a report on Tuesday, April 1st. They set a “hold” rating and a $121.00 price target for the company. StockNews.com lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, April 2nd. Finally, Loop Capital decreased their target price on Mohawk Industries from $180.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $142.57.

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.