Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC trimmed its position in Mohawk Industries, Inc. (NYSE:MHK) by 41.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,636 shares of the company’s stock after selling 2,575 shares during the quarter. Worldquant Millennium Advisors LLC’s holdings in Mohawk Industries were worth $433,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Wallace Capital Management Inc. grew its holdings in shares of Mohawk Industries by 9.3% during the 4th quarter. Wallace Capital Management Inc. now owns 58,982 shares of the company’s stock worth $7,027,000 after purchasing an additional 5,013 shares during the period. Vident Advisory LLC purchased a new position in shares of Mohawk Industries during the 4th quarter worth $1,306,000. Two Sigma Advisers LP grew its holdings in shares of Mohawk Industries by 1,177.8% during the 4th quarter. Two Sigma Advisers LP now owns 149,500 shares of the company’s stock worth $17,810,000 after purchasing an additional 137,800 shares during the period. Two Sigma Investments LP grew its holdings in shares of Mohawk Industries by 394.5% during the 4th quarter. Two Sigma Investments LP now owns 313,547 shares of the company’s stock worth $37,353,000 after purchasing an additional 250,145 shares during the period. Finally, Tabor Asset Management LP grew its holdings in shares of Mohawk Industries by 36.6% during the 4th quarter. Tabor Asset Management LP now owns 119,977 shares of the company’s stock worth $14,293,000 after purchasing an additional 32,124 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 93,584 shares in the company, valued at $10,616,168.96. This trade represents a 10.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 17.40% of the company’s stock.

Mohawk Industries Trading Down 0.2%

NYSE:MHK opened at $102.23 on Friday. The stock has a fifty day moving average price of $107.43 and a 200 day moving average price of $119.32. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a 12-month low of $96.24 and a 12-month high of $164.29. The firm has a market cap of $6.39 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, May 1st. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.11. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the firm earned $1.86 earnings per share. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. Sell-side analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MHK. Wells Fargo & Company lowered their price target on Mohawk Industries from $130.00 to $105.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. Evercore ISI dropped their target price on shares of Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating for the company in a report on Monday, February 10th. Robert W. Baird dropped their target price on shares of Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Barclays dropped their target price on shares of Mohawk Industries from $115.00 to $111.00 and set an “equal weight” rating for the company in a report on Monday, May 5th. Finally, Royal Bank of Canada dropped their target price on shares of Mohawk Industries from $130.00 to $119.00 and set a “sector perform” rating for the company in a report on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.00.

Mohawk Industries Company 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.