Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lowered its position in Mohawk Industries, Inc. (NYSE:MHK) by 46.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,906 shares of the company’s stock after selling 29,960 shares during the quarter. Prudential Financial Inc. owned approximately 0.05% of Mohawk Industries worth $4,039,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of Mohawk Industries by 48.7% during the 4th quarter. American Century Companies Inc. now owns 958,818 shares of the company’s stock worth $114,224,000 after purchasing an additional 313,897 shares during the last quarter. Amundi lifted its holdings in Mohawk Industries by 117.4% during the 4th quarter. Amundi now owns 331,750 shares of the company’s stock worth $39,239,000 after buying an additional 179,121 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Mohawk Industries by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock worth $485,983,000 after acquiring an additional 74,123 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Mohawk Industries in the 4th quarter valued at about $4,891,000. Finally, ING Groep NV raised its position in shares of Mohawk Industries by 803.4% during the 4th quarter. ING Groep NV now owns 36,191 shares of the company’s stock worth $4,311,000 after acquiring an additional 32,185 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MHK. Wells Fargo & Company lowered their price target 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. Robert W. Baird dropped their target price on shares of Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Evercore ISI reduced their price target on shares of Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Bank of America dropped their price objective on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Finally, StockNews.com downgraded Mohawk Industries from a “buy” rating to a “hold” rating in a report on Wednesday. Seven 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.07.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $114.93 on Wednesday. The stock has a fifty day moving average price of $118.38 and a 200 day moving average price of $131.63. Mohawk Industries, Inc. has a 1-year low of $104.88 and a 1-year high of $164.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The company has a market cap of $7.19 billion, a PE ratio of 14.14, a P/E/G ratio of 1.44 and a beta of 1.44.

Mohawk Industries (NYSE:MHK) last released its earnings results 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 net margin of 4.78% and a return on equity of 8.04%. Sell-side analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 10,500 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $113.44, for a total value of $1,191,120.00. Following the completion of the sale, the insider now directly owns 93,584 shares of the company’s stock, valued at $10,616,168.96. This trade represents a 10.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 17.10% of the stock is owned by corporate insiders.

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.