Axa lifted its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,306 shares of the company’s stock after buying an additional 406 shares during the period. Axa’s holdings in Mohawk Industries were worth $8,361,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MHK. NuWave Investment Management LLC purchased a new position in Mohawk Industries in the 4th quarter valued at approximately $117,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Mohawk Industries in the 4th quarter valued at approximately $124,000. Cerebellum GP LLC purchased a new position in Mohawk Industries in the 4th quarter valued at approximately $124,000. Calton & Associates Inc. purchased a new position in Mohawk Industries in the 4th quarter valued at approximately $171,000. Finally, Tower Research Capital LLC TRC purchased a new position in Mohawk Industries in the 4th quarter valued at approximately $174,000. 78.68% of the stock is owned by institutional investors and hedge funds.

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In other news, insider Chistopher Wellborn sold 8,707 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $252.00, for a total transaction of $2,194,164.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Bernard Thiers sold 17,383 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $250.00, for a total value of $4,345,750.00. Following the sale, the insider now owns 50,003 shares in the company, valued at approximately $12,500,750. The disclosure for this sale can be found here. Insiders have sold 32,263 shares of company stock worth $8,027,859 in the last 90 days. Insiders own 17.00% of the company’s stock.

Mohawk Industries, Inc. (MHK) opened at $250.59 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 0.80 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $18,630.00, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.72 and a beta of 1.37. Mohawk Industries, Inc. has a 1 year low of $223.84 and a 1 year high of $286.85.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, February 8th. The company reported $3.42 earnings per share for the quarter, topping the consensus estimate of $3.32 by $0.10. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. Mohawk Industries had a return on equity of 15.44% and a net margin of 10.24%. Mohawk Industries’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.26 earnings per share. sell-side analysts forecast that Mohawk Industries, Inc. will post 15.66 EPS for the current fiscal year.

Several equities analysts recently weighed in on the company. Loop Capital assumed coverage on Mohawk Industries in a research note on Thursday, March 1st. They issued a “hold” rating and a $261.00 price objective for the company. ValuEngine raised Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Goldman Sachs Group downgraded Mohawk Industries from a “conviction-buy” rating to a “buy” rating and dropped their price objective for the company from $306.00 to $292.00 in a research note on Thursday, March 1st. Zacks Investment Research raised Mohawk Industries from a “hold” rating to a “buy” rating and set a $303.00 price objective for the company in a research note on Monday, February 5th. Finally, Longbow Research raised Mohawk Industries from a “neutral” rating to a “buy” rating in a research note on Monday, February 12th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $293.07.

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About Mohawk Industries

Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.

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Institutional Ownership by Quarter for Mohawk Industries (NYSE:MHK)

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