Blackhawk Capital Partners LLC. Has $216,000 Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

Blackhawk Capital Partners LLC. lifted its stake in Mohawk Industries, Inc. (NYSE:MHK) by 32.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,816 shares of the company’s stock after purchasing an additional 447 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Mohawk Industries were worth $216,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd bought a new position in Mohawk Industries during the fourth quarter worth about $997,000. South Dakota Investment Council raised its position in shares of Mohawk Industries by 3.0% in the 4th quarter. South Dakota Investment Council now owns 20,671 shares of the company’s stock valued at $2,463,000 after acquiring an additional 600 shares during the period. Townsend & Associates Inc boosted its stake in Mohawk Industries by 1.2% during the 4th quarter. Townsend & Associates Inc now owns 263,143 shares of the company’s stock worth $34,382,000 after acquiring an additional 3,078 shares during the last quarter. ING Groep NV grew its holdings in Mohawk Industries by 803.4% during the fourth quarter. ING Groep NV now owns 36,191 shares of the company’s stock valued at $4,311,000 after purchasing an additional 32,185 shares during the period. Finally, Ieq Capital LLC increased its stake in Mohawk Industries by 91.8% in the fourth quarter. Ieq Capital LLC now owns 9,527 shares of the company’s stock valued at $1,135,000 after purchasing an additional 4,560 shares in the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MHK shares. Barclays reduced their price target on shares of Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Robert W. Baird reduced their target price on Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating on the stock in a report on Monday, February 10th. Loop Capital lowered their price target on Mohawk Industries from $180.00 to $155.00 and set a “buy” rating for the company in a report on Monday, February 10th. Bank of America dropped their price target on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. Finally, Wells Fargo & Company decreased their price objective on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.92.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total transaction of $270,960.00. Following the sale, the insider now owns 2,453 shares in the company, valued at $332,332.44. This represents a 44.91 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last ninety days, insiders sold 19,078 shares of company stock valued at $2,474,347. Insiders own 17.10% of the company’s stock.

Mohawk Industries Stock Performance

Shares of MHK stock opened at $115.36 on Tuesday. Mohawk Industries, Inc. has a 12 month low of $104.88 and a 12 month high of $164.29. The company’s fifty day simple moving average is $121.46 and its 200-day simple moving average is $138.04. The firm has a market cap of $7.28 billion, a PE ratio of 14.19, a P/E/G ratio of 1.44 and a beta of 1.41. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.95 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%. Equities research analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

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.