Achmea Investment Management B.V. increased its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 225.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,322 shares of the company’s stock after acquiring an additional 8,541 shares during the period. Achmea Investment Management B.V.’s holdings in Mohawk Industries were worth $1,441,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Lindbrook Capital LLC acquired a new stake in Mohawk Industries in the fourth quarter valued at $34,000. Parallel Advisors LLC grew its holdings in Mohawk Industries by 123.4% in the fourth quarter. Parallel Advisors LLC now owns 353 shares of the company’s stock valued at $41,000 after purchasing an additional 195 shares during the last quarter. CENTRAL TRUST Co grew its holdings in Mohawk Industries by 66.1% in the fourth quarter. CENTRAL TRUST Co now owns 407 shares of the company’s stock valued at $48,000 after purchasing an additional 162 shares during the last quarter. Patten Group Inc. grew its holdings in Mohawk Industries by 350.9% in the fourth quarter. Patten Group Inc. now owns 514 shares of the company’s stock valued at $60,000 after purchasing an additional 400 shares during the last quarter. Finally, JOYN Advisors Inc. grew its holdings in Mohawk Industries by 504.2% in the fourth quarter. JOYN Advisors Inc. now owns 574 shares of the company’s stock valued at $67,000 after purchasing an additional 479 shares during the last quarter. 77.80% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Suzanne L. Helen sold 14,247 shares of the stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $140.43, for a total transaction of $2,000,706.21. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Filip Balcaen bought 9,000 shares of Mohawk Industries stock in a transaction that occurred on Wednesday, December 26th. The shares were acquired at an average price of $109.76 per share, for a total transaction of $987,840.00. Following the completion of the transaction, the director now directly owns 776 shares of the company’s stock, valued at approximately $85,173.76. The disclosure for this purchase can be found here. Corporate insiders own 16.80% of the company’s stock.

Several analysts have weighed in on MHK shares. Zacks Investment Research lowered Mohawk Industries from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Royal Bank of Canada lowered Mohawk Industries from a “sector perform” rating to an “underperform” rating and lowered their target price for the company from $129.00 to $115.00 in a report on Friday, January 11th. Wells Fargo & Co upped their target price on Mohawk Industries from $130.00 to $135.00 and gave the company a “market perform” rating in a report on Monday, February 11th. Zelman & Associates lowered Mohawk Industries from a “buy” rating to a “hold” rating in a report on Wednesday, December 19th. Finally, Credit Suisse Group set a $125.00 target price on Mohawk Industries and gave the company a “hold” rating in a report on Friday, January 11th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $168.94.

MHK opened at $128.57 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 0.20. The firm has a market cap of $9.64 billion, a P/E ratio of 10.43, a P/E/G ratio of 2.07 and a beta of 1.53. Mohawk Industries, Inc. has a 52 week low of $109.35 and a 52 week high of $249.65.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, February 7th. The company reported $2.53 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.04. Mohawk Industries had a return on equity of 12.40% and a net margin of 8.63%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter last year, the company earned $3.42 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities analysts predict that Mohawk Industries, Inc. will post 11.24 earnings per share for the current fiscal year.

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About Mohawk Industries

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

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

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