Ieq Capital LLC Increases Position in Mohawk Industries, Inc. (NYSE:MHK)

Ieq Capital LLC lifted its position in Mohawk Industries, Inc. (NYSE:MHK) by 91.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,527 shares of the company’s stock after purchasing an additional 4,560 shares during the quarter. Ieq Capital LLC’s holdings in Mohawk Industries were worth $1,135,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Mark Sheptoff Financial Planning LLC acquired a new stake in Mohawk Industries during the third quarter worth $36,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Mohawk Industries in the 3rd quarter worth approximately $55,000. Blue Trust Inc. grew its stake in shares of Mohawk Industries by 85.6% in the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock valued at $58,000 after buying an additional 167 shares in the last quarter. True Wealth Design LLC purchased a new stake in Mohawk Industries during the third quarter worth about $61,000. Finally, Versant Capital Management Inc lifted its position in shares of Mohawk Industries by 71.0% during the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock worth $64,000 after purchasing an additional 223 shares in the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 9,078 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total transaction of $1,187,947.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 19,078 shares of company stock valued at $2,474,347. 17.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Robert W. Baird cut their target price on shares of Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Wolfe Research raised Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research report on Wednesday, January 8th. Bank of America lowered their price objective on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, February 10th. Evercore ISI reduced 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 report on Monday, February 10th. Finally, Wells Fargo & Company lowered their price target on shares of Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Mohawk Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.92.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $115.36 on Tuesday. The stock has a market cap of $7.28 billion, a P/E ratio of 14.19, a P/E/G ratio of 1.44 and a beta of 1.41. Mohawk Industries, Inc. has a twelve month low of $104.88 and a twelve month high of $164.29. The stock has a 50 day moving average of $121.46 and a two-hundred day moving average of $138.04. 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 issued its quarterly earnings results 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, research analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

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.