AlphaCrest Capital Management LLC Invests $491,000 in Mohawk Industries, Inc. (NYSE:MHK)

AlphaCrest Capital Management LLC bought a new position in Mohawk Industries, Inc. (NYSE:MHK – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,382 shares of the company’s stock, valued at approximately $491,000.

Other large investors have also recently made changes to their positions in the company. Kinneret Advisory LLC increased its position in shares of Mohawk Industries by 2.3% during the first quarter. Kinneret Advisory LLC now owns 3,451 shares of the company’s stock worth $429,000 after purchasing an additional 77 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Mohawk Industries by 3.3% in the 1st quarter. Captrust Financial Advisors now owns 2,708 shares of the company’s stock valued at $336,000 after acquiring an additional 86 shares during the period. MetLife Investment Management LLC increased its position in shares of Mohawk Industries by 0.8% in the 3rd quarter. MetLife Investment Management LLC now owns 13,993 shares of the company’s stock valued at $1,276,000 after acquiring an additional 106 shares during the period. Cardinal Capital Management increased its position in shares of Mohawk Industries by 2.6% in the 3rd quarter. Cardinal Capital Management now owns 5,191 shares of the company’s stock valued at $473,000 after acquiring an additional 130 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund increased its position in shares of Mohawk Industries by 8.6% in the 2nd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 1,758 shares of the company’s stock valued at $218,000 after acquiring an additional 139 shares during the period. 75.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Loop Capital upped their target price on Mohawk Industries from $95.00 to $110.00 and gave the company a “hold” rating in a research report on Monday, January 23rd. Deutsche Bank Aktiengesellschaft upped their target price on Mohawk Industries from $104.00 to $121.00 and gave the company a “hold” rating in a research report on Tuesday, January 10th. Finally, Barclays upped their target price on Mohawk Industries from $83.00 to $105.00 and gave the company an “underweight” rating in a research report on Monday, February 13th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $132.50.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 4,250 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $103.23, for a total value of $438,727.50. Following the transaction, the insider now directly owns 13,453 shares of the company’s stock, valued at approximately $1,388,753.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Suzanne L. Helen sold 5,200 shares of the firm’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $119.59, for a total value of $621,868.00. Following the transaction, the insider now directly owns 14,853 shares of the company’s stock, valued at approximately $1,776,270.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Suzanne L. Helen sold 4,250 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $103.23, for a total transaction of $438,727.50. Following the completion of the transaction, the insider now directly owns 13,453 shares in the company, valued at $1,388,753.19. The disclosure for this sale can be found here. Insiders have sold a total of 22,150 shares of company stock valued at $2,406,876 in the last ninety days. 18.90% of the stock is currently owned by corporate insiders.

Mohawk Industries Trading Down 1.3 %

MHK stock opened at $100.20 on Friday. The company’s 50-day simple moving average is $113.04 and its 200-day simple moving average is $104.53. The company has a quick ratio of 1.01, a current ratio of 1.92 and a debt-to-equity ratio of 0.25. Mohawk Industries, Inc. has a 52-week low of $87.01 and a 52-week high of $159.00. The firm has a market cap of $6.37 billion, a P/E ratio of 334.00, a PEG ratio of 2.50 and a beta of 1.28.

Mohawk Industries (NYSE:MHK – Get Rating) last posted its earnings results on Friday, February 10th. The company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.03. Mohawk Industries had a net margin of 0.22% and a return on equity of 10.06%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period in the prior year, the company posted $2.95 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. As a group, equities analysts forecast that Mohawk Industries, Inc. will post 8.98 EPS for the current fiscal year.

Mohawk Industries Profile

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Mohawk Industries, Inc engages in the manufacture, design, and distribution of residential and commercial flooring products. It operates through the following segments: Global Ceramic, Flooring North America (NA), and Flooring Rest of the World (ROW). The Global Ceramic segment manufactures ceramic, porcelain, and natural stone tile products used for wall and floor applications.