Y Intercept Hong Kong Ltd Takes Position in Mohawk Industries, Inc. (NYSE:MHK)

Y Intercept Hong Kong Ltd bought a new position in Mohawk Industries, Inc. (NYSE:MHK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,369 shares of the company’s stock, valued at approximately $997,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MHK. Mark Sheptoff Financial Planning LLC purchased a new stake in Mohawk Industries during the third quarter worth $36,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Mohawk Industries during the 3rd quarter worth about $55,000. Blue Trust Inc. grew its position in shares of Mohawk Industries by 85.6% during the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock valued at $58,000 after acquiring an additional 167 shares during the period. True Wealth Design LLC purchased a new position in shares of Mohawk Industries in the 3rd quarter valued at about $61,000. Finally, Capital Performance Advisors LLP acquired a new position in Mohawk Industries in the 3rd quarter worth about $73,000. 78.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 2,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $135.48, for a total value of $270,960.00. Following the sale, the insider now directly owns 2,453 shares of the company’s stock, valued at approximately $332,332.44. This represents a 44.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 19,078 shares of company stock worth $2,474,347 over the last 90 days. Company insiders own 17.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MHK shares. StockNews.com cut shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Evercore ISI decreased their price objective on shares of Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Raymond James reissued a “strong-buy” rating and set a $165.00 target price (down previously from $185.00) on shares of Mohawk Industries in a research note on Monday, February 10th. Barclays reduced their price target on shares of Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Finally, Robert W. Baird lowered their price objective on Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $146.92.

Mohawk Industries Stock Performance

Shares of MHK stock opened at $116.49 on Friday. The stock’s 50-day moving average is $121.33 and its two-hundred day moving average is $137.71. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. Mohawk Industries, Inc. has a 1 year low of $104.88 and a 1 year high of $164.29. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 1.44 and a beta of 1.41.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, beating 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%. Analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

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.