Lecap Asset Management Ltd. Sells 1,191 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Lecap Asset Management Ltd. lowered its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 11.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,561 shares of the company’s stock after selling 1,191 shares during the period. Lecap Asset Management Ltd.’s holdings in Mohawk Industries were worth $1,139,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. State of Alaska Department of Revenue raised its stake in Mohawk Industries by 35.2% in the fourth quarter. State of Alaska Department of Revenue now owns 22,473 shares of the company’s stock valued at $2,676,000 after purchasing an additional 5,855 shares in the last quarter. Choreo LLC purchased a new stake in shares of Mohawk Industries during the 4th quarter valued at $258,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Mohawk Industries by 34.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,084 shares of the company’s stock worth $723,000 after acquiring an additional 1,567 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new position in Mohawk Industries in the fourth quarter worth $536,000. Finally, Mather Group LLC. increased its stake in Mohawk Industries by 40.8% in the fourth quarter. Mather Group LLC. now owns 3,095 shares of the company’s stock valued at $369,000 after acquiring an additional 897 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.

Insider Buying and Selling

In other 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 value of $504,440.00. Following the completion of the transaction, the insider now owns 104,084 shares in the company, valued at $13,126,033.24. This trade represents a 3.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 19,078 shares of company stock valued at $2,474,347 over the last three months. Corporate insiders own 17.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Baird R W raised Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 21st. Loop Capital dropped their target price on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th. StockNews.com cut shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Friday. Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $160.00 to $196.00 in a report on Monday, October 21st. Finally, Wells Fargo & Company reduced their target price on shares of Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $154.62.

Mohawk Industries Trading Down 1.2 %

MHK opened at $120.46 on Friday. The firm has a market capitalization of $7.60 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 1.60 and a beta of 1.41. Mohawk Industries, Inc. has a one year low of $101.83 and a one year high of $164.29. The business has a 50 day simple moving average of $124.67 and a two-hundred day simple moving average of $140.52. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09.

Mohawk Industries (NYSE:MHK) last announced 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 return on equity of 8.05% and a net margin of 5.22%. Analysts predict that Mohawk Industries, Inc. will post 9.64 EPS for the current year.

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.