Intrinsic Value Partners LLC Has $211,000 Position in Mohawk Industries, Inc. (NYSE:MHK)

Intrinsic Value Partners LLC reduced its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 5.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,771 shares of the company’s stock after selling 100 shares during the quarter. Intrinsic Value Partners LLC’s holdings in Mohawk Industries were worth $211,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of Mohawk Industries by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock valued at $485,983,000 after buying an additional 74,123 shares during the period. FMR LLC grew its stake in shares of Mohawk Industries by 52.3% in the 3rd quarter. FMR LLC now owns 2,179,510 shares of the company’s stock valued at $350,204,000 after buying an additional 748,070 shares during the period. State Street Corp grew its stake in shares of Mohawk Industries by 1.3% in the 3rd quarter. State Street Corp now owns 1,846,446 shares of the company’s stock valued at $296,687,000 after buying an additional 23,016 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Mohawk Industries by 33.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,011,861 shares of the company’s stock valued at $162,586,000 after buying an additional 254,779 shares during the period. Finally, Wilsey Asset Management Inc. grew its stake in shares of Mohawk Industries by 4.4% in the 4th quarter. Wilsey Asset Management Inc. now owns 198,514 shares of the company’s stock valued at $23,649,000 after buying an additional 8,351 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Price Performance

Mohawk Industries stock opened at $121.05 on Friday. Mohawk Industries, Inc. has a 52 week low of $104.88 and a 52 week high of $164.29. The company’s 50 day moving average price is $122.89 and its two-hundred day moving average price is $139.64. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. The stock has a market cap of $7.64 billion, a P/E ratio of 14.89, a P/E/G ratio of 1.60 and a beta of 1.41.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.95 EPS 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 8.00%. On average, equities analysts predict that Mohawk Industries, Inc. will post 10.71 earnings per share for the current year.

Wall Street Analyst Weigh In

MHK has been the subject of several research reports. Robert W. Baird reduced their target price on Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Bank of America reduced their target price on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 10th. StockNews.com cut shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Royal Bank of Canada dropped their price target on shares of Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Six 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 company’s stock. According to data from MarketBeat.com, Mohawk Industries presently has an average rating of “Moderate Buy” and a consensus price target of $146.92.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 9,078 shares of Mohawk Industries stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $130.86, for a total value of $1,187,947.08. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last quarter, insiders have sold 19,078 shares of company stock valued at $2,474,347. 17.10% of the stock is owned by company insiders.

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.