Mather Group LLC. Boosts Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Mather Group LLC. boosted its position in Mohawk Industries, Inc. (NYSE:MHK) by 40.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,095 shares of the company’s stock after buying an additional 897 shares during the quarter. Mather Group LLC.’s holdings in Mohawk Industries were worth $369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MHK. R Squared Ltd bought a new position in Mohawk Industries in the 4th quarter worth approximately $66,000. Parkside Investments LLC lifted its position in shares of Mohawk Industries by 40.0% during the fourth quarter. Parkside Investments LLC now owns 7,000 shares of the company’s stock worth $834,000 after acquiring an additional 2,000 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Mohawk Industries by 106.7% in the fourth quarter. Pacer Advisors Inc. now owns 8,259 shares of the company’s stock worth $984,000 after acquiring an additional 4,264 shares during the period. KBC Group NV grew its position in shares of Mohawk Industries by 11.1% in the fourth quarter. KBC Group NV now owns 8,203 shares of the company’s stock valued at $977,000 after purchasing an additional 819 shares in the last quarter. Finally, Olstein Capital Management L.P. raised its stake in shares of Mohawk Industries by 30.4% during the 4th quarter. Olstein Capital Management L.P. now owns 70,000 shares of the company’s stock valued at $8,339,000 after purchasing an additional 16,300 shares during the period. 78.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. The Goldman Sachs Group cut their target price on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $151.00 to $161.00 in a report on Friday, January 10th. Barclays cut their price target on shares of Mohawk Industries from $141.00 to $130.00 and set an “equal weight” rating for the company in a report on Thursday, January 16th. StockNews.com upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada reduced their target price on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued 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 price target of $154.62.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 2,000 shares of Mohawk Industries stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $135.48, for a total value of $270,960.00. Following the transaction, the insider now directly owns 2,453 shares of the company’s stock, valued at $332,332.44. The trade was a 44.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 19,078 shares of company stock valued at $2,474,347 in the last ninety days. Company insiders own 17.10% of the company’s stock.

Mohawk Industries Price Performance

Shares of NYSE:MHK opened at $121.81 on Friday. 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 $7.69 billion, a PE ratio of 13.79, a PEG ratio of 1.60 and a beta of 1.41. The company’s fifty day moving average is $124.67 and its 200 day moving average is $140.52. Mohawk Industries, Inc. has a 52 week low of $101.83 and a 52 week high of $164.29.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.05% and a net margin of 5.22%. Research analysts anticipate that Mohawk Industries, Inc. will post 9.64 earnings per share 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.