CIBC Asset Management Inc Purchases 190 Shares of Mohawk Industries, Inc. (NYSE:MHK)

CIBC Asset Management Inc lifted its position in Mohawk Industries, Inc. (NYSE:MHK) by 2.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,816 shares of the company’s stock after purchasing an additional 190 shares during the period. CIBC Asset Management Inc’s holdings in Mohawk Industries were worth $931,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mark Sheptoff Financial Planning LLC bought a new position in shares of Mohawk Industries in the third quarter worth approximately $36,000. Wilmington Savings Fund Society FSB bought a new position in shares of Mohawk Industries in the third quarter worth approximately $55,000. Blue Trust Inc. grew its holdings in shares of Mohawk Industries by 85.6% in the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after purchasing an additional 167 shares during the last quarter. True Wealth Design LLC bought a new position in shares of Mohawk Industries in the third quarter worth approximately $61,000. Finally, Versant Capital Management Inc grew its holdings in shares of Mohawk Industries by 71.0% in the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock worth $64,000 after purchasing an additional 223 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

Shares of MHK stock opened at $115.89 on Friday. Mohawk Industries, Inc. has a 12 month low of $104.88 and a 12 month high of $164.29. The stock has a market cap of $7.32 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.44 and a beta of 1.41. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. The company’s fifty day moving average price is $121.69 and its 200-day moving average price is $138.29.

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 return on equity of 8.04% and a net margin of 4.78%. On average, equities analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on MHK shares. Wells Fargo & Company cut their target price on shares of Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. cut their price target on shares of Mohawk Industries from $161.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Robert W. Baird cut their price target on shares of 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 cut their price target on shares of Mohawk Industries from $180.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Finally, Bank of America cut their price target on shares of Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Six investment 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 company. Based on data from MarketBeat, Mohawk Industries presently has a consensus rating of “Moderate Buy” and an average price target of $146.92.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 4,000 shares of Mohawk Industries stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $126.11, for a total value of $504,440.00. Following the completion of the transaction, the insider now owns 104,084 shares of the company’s stock, valued at $13,126,033.24. The trade was a 3.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 19,078 shares of company stock valued at $2,474,347 in the last quarter. 17.10% of the stock is owned by insiders.

Mohawk Industries Profile

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.