Versor Investments LP Increases Position in Mohawk Industries, Inc. (NYSE:MHK)

Versor Investments LP increased its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 31.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,236 shares of the company’s stock after purchasing an additional 536 shares during the period. Versor Investments LP’s holdings in Mohawk Industries were worth $266,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MHK. Hantz Financial Services Inc. lifted its position in shares of Mohawk Industries by 7.5% in the third quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company’s stock valued at $266,000 after acquiring an additional 115 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in Mohawk Industries by 2.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 5,711 shares of the company’s stock valued at $680,000 after purchasing an additional 121 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings 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 in the last quarter. US Bancorp DE boosted its stake in Mohawk Industries by 3.9% in the 3rd quarter. US Bancorp DE now owns 3,920 shares of the company’s stock worth $630,000 after purchasing an additional 146 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Mohawk Industries by 11.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,518 shares of the company’s stock valued at $244,000 after buying an additional 161 shares in the last quarter. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Down 1.1 %

Shares of MHK opened at $116.33 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average of $121.29 and a 200 day moving average of $137.26. The company has a market cap of $7.28 billion, a PE ratio of 14.31, a P/E/G ratio of 1.44 and a beta of 1.41. Mohawk Industries, Inc. has a 52-week low of $104.88 and a 52-week high of $164.29.

Mohawk Industries (NYSE:MHK) last released 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 8.04%. On average, sell-side analysts expect 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 4,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $126.11, for a total transaction of $504,440.00. Following the completion of the sale, the insider now directly owns 104,084 shares of the company’s stock, valued at approximately $13,126,033.24. This trade represents a 3.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 17,078 shares of company stock worth $2,203,387 over the last 90 days. Company insiders own 17.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on MHK shares. JPMorgan Chase & Co. lowered their target price on shares of Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. 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 report on Tuesday, January 14th. Raymond James restated a “strong-buy” rating and set a $165.00 price objective (down previously from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Barclays decreased their target price on Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Finally, Robert W. Baird cut their price target on Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Six equities research 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. Based on data from MarketBeat.com, Mohawk Industries has an average rating of “Moderate Buy” and a consensus target price of $146.92.

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.