Mohawk Industries, Inc. (NYSE:MHK) is Paradice Investment Management LLC’s 9th Largest Position

Paradice Investment Management LLC cut its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 210,735 shares of the company’s stock after selling 13,400 shares during the quarter. Mohawk Industries comprises approximately 5.0% of Paradice Investment Management LLC’s portfolio, making the stock its 9th biggest position. Paradice Investment Management LLC owned approximately 0.33% of Mohawk Industries worth $25,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of MHK. Exchange Traded Concepts LLC increased its holdings in shares of Mohawk Industries by 2,773.6% during the third quarter. Exchange Traded Concepts LLC now owns 1,523 shares of the company’s stock valued at $245,000 after acquiring an additional 1,470 shares in the last quarter. Creative Planning increased its holdings in shares of Mohawk Industries by 6.9% during the third quarter. Creative Planning now owns 3,114 shares of the company’s stock valued at $500,000 after acquiring an additional 200 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock valued at $58,000 after acquiring an additional 167 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Mohawk Industries by 12.5% during the third quarter. Signaturefd LLC now owns 683 shares of the company’s stock valued at $110,000 after acquiring an additional 76 shares in the last quarter. Finally, Lecap Asset Management Ltd. bought a new position in shares of Mohawk Industries during the third quarter valued at $1,728,000. 78.98% of the stock is currently owned by institutional investors.

Mohawk Industries Stock Up 1.1 %

MHK stock opened at $121.05 on Tuesday. Mohawk Industries, Inc. has a twelve month low of $104.88 and a twelve month high of $164.29. 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 $7.64 billion, a P/E ratio of 14.89, a PEG ratio of 1.60 and a beta of 1.41. The business’s 50-day moving average price is $122.66 and its 200-day moving average price is $139.08.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.00% and a net margin of 4.78%. On average, equities research analysts forecast that Mohawk Industries, Inc. will post 10.71 EPS for the current year.

Insider Activity

In related news, insider Suzanne L. Helen sold 9,078 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total value of $1,187,947.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 19,078 shares of company stock valued at $2,474,347 in the last ninety days. Corporate insiders own 17.10% of the company’s stock.

Wall Street Analysts Forecast Growth

MHK has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price target on Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Baird R W upgraded Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. Wolfe Research upgraded Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a report on Wednesday, January 8th. The Goldman Sachs Group reduced their price objective on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Wells Fargo & Company reduced their price objective on 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 equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $146.92.

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.