Css LLC Il Has $863,000 Position in Mohawk Industries, Inc. (NYSE:MHK)

Css LLC Il boosted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 67.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,245 shares of the company’s stock after buying an additional 2,910 shares during the quarter. Css LLC Il’s holdings in Mohawk Industries were worth $863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in Mohawk Industries by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company’s stock worth $485,983,000 after buying an additional 74,123 shares during the last quarter. Olstein Capital Management L.P. grew its position 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 worth $8,339,000 after buying an additional 16,300 shares during the period. KBC Group NV raised its position in shares of Mohawk Industries by 11.1% during the 4th quarter. KBC Group NV now owns 8,203 shares of the company’s stock valued at $977,000 after acquiring an additional 819 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Mohawk Industries by 106.7% during the 4th quarter. Pacer Advisors Inc. now owns 8,259 shares of the company’s stock worth $984,000 after buying an additional 4,264 shares during the period. Finally, Parkside Investments LLC grew its holdings in Mohawk Industries by 40.0% during the fourth quarter. Parkside Investments LLC now owns 7,000 shares of the company’s stock valued at $834,000 after purchasing an additional 2,000 shares during the period. 78.98% of the stock is currently owned by institutional investors.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 10,500 shares of the stock in a transaction dated Friday, March 14th. The shares were 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 owns 93,584 shares in the company, valued at $10,616,168.96. This represents a 10.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 17.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on MHK shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Mohawk Industries in a report on Tuesday, April 1st. They set a “hold” rating and a $121.00 target price on the stock. StockNews.com lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Bank of America reduced their price target on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating for the company in a report on Monday, February 10th. Barclays dropped their price objective on shares of Mohawk Industries from $115.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Monday, May 5th. Finally, Robert W. Baird reduced their price target on Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Mohawk Industries presently has an average rating of “Moderate Buy” and a consensus price target of $140.00.

Mohawk Industries Stock Performance

Shares of MHK stock opened at $102.55 on Thursday. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. The firm has a fifty day simple moving average of $107.68 and a two-hundred day simple moving average of $119.56. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $164.29. The firm has a market capitalization of $6.41 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24.

Mohawk Industries (NYSE:MHK) last posted 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. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.56 billion. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. The firm’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.86 EPS. Analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

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.