Mohawk Industries, Inc. (NYSE:MHK) Shares Acquired by Magnetar Financial LLC

Magnetar Financial LLC boosted its stake in Mohawk Industries, Inc. (NYSE:MHK) by 353.1% during the 4th quarter, HoldingsChannel reports. The fund owned 39,108 shares of the company’s stock after buying an additional 30,477 shares during the period. Magnetar Financial LLC’s holdings in Mohawk Industries were worth $4,659,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MHK. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Mohawk Industries in the 3rd quarter worth about $36,000. Wilmington Savings Fund Society FSB bought a new stake in Mohawk Industries in the third quarter valued at about $55,000. True Wealth Design LLC bought a new stake in Mohawk Industries in the third quarter valued at about $61,000. Versant Capital Management Inc raised its stake in Mohawk Industries by 71.0% during the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock valued at $64,000 after buying an additional 223 shares in the last quarter. Finally, R Squared Ltd bought a new position in Mohawk Industries during the 4th quarter worth approximately $66,000. 78.98% of the stock is currently owned by institutional investors.

Mohawk Industries Trading Up 0.3 %

Mohawk Industries stock opened at $114.57 on Thursday. Mohawk Industries, Inc. has a 12 month low of $104.88 and a 12 month high of $164.29. 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 stock has a market cap of $7.17 billion, a P/E ratio of 14.09, a P/E/G ratio of 1.44 and a beta of 1.44. The company’s fifty day simple moving average is $120.33 and its 200-day simple moving average is $134.01.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. As a group, sell-side analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MHK. Robert W. Baird dropped their price target on Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Wolfe Research upgraded 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. Barclays lowered their price objective on Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Raymond James restated a “strong-buy” rating and set a $165.00 price target (down previously from $185.00) on shares of Mohawk Industries in a research report on Monday, February 10th. Finally, Bank of America lowered their target price on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Mohawk Industries presently has a consensus rating of “Moderate Buy” and an average target price of $146.92.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 10,500 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the transaction, the insider now owns 93,584 shares in the company, valued at $10,616,168.96. This represents a 10.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 17.10% of the company’s stock.

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.