Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by Weik Capital Management

Weik Capital Management decreased its position in Mohawk Industries, Inc. (NYSE:MHK) by 10.9% during the 4th quarter, Holdings Channel reports. The fund owned 8,270 shares of the company’s stock after selling 1,015 shares during the quarter. Weik Capital Management’s holdings in Mohawk Industries were worth $985,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its holdings in shares of Mohawk Industries by 7.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company’s stock valued at $266,000 after purchasing an additional 115 shares in the last quarter. Contravisory Investment Management Inc. lifted its holdings in Mohawk Industries by 2.2% during the 4th quarter. Contravisory Investment Management Inc. now owns 5,711 shares of the company’s stock worth $680,000 after buying an additional 121 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Mohawk Industries by 1.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,874 shares of the company’s stock worth $819,000 after acquiring an additional 130 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Mohawk Industries by 11.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 1,518 shares of the company’s stock valued at $244,000 after acquiring an additional 161 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Mohawk Industries by 2.5% during the 4th quarter. CIBC Asset Management Inc now owns 7,816 shares of the company’s stock worth $931,000 after acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Up 0.3 %

Shares of Mohawk Industries stock opened at $117.22 on Friday. Mohawk Industries, Inc. has a one year low of $104.88 and a one year high of $164.29. The company has a market cap of $7.34 billion, a P/E ratio of 14.42, a PEG ratio of 1.44 and a beta of 1.44. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. The firm has a fifty day moving average of $119.31 and a two-hundred day moving average of $132.66.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, topping 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%. On average, analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Insider Activity

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the 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 completion of the transaction, the insider now owns 93,584 shares in the company, valued at approximately $10,616,168.96. This represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 17.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on MHK. StockNews.com lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. The Goldman Sachs Group dropped their target price on shares of Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Wolfe Research raised shares of Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price target for the company in a research report on Wednesday, January 8th. Evercore ISI dropped their price objective on Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating on the stock in a report on Monday, February 10th. Finally, Robert W. Baird reduced their target price on Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $146.92.

About Mohawk Industries

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.