Lecap Asset Management Ltd. Has $1.14 Million Stake in Mohawk Industries, Inc. (NYSE:MHK)

Lecap Asset Management Ltd. cut its stake in Mohawk Industries, Inc. (NYSE:MHK) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,561 shares of the company’s stock after selling 1,191 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Mohawk Industries were worth $1,139,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mark Sheptoff Financial Planning LLC bought a new stake in Mohawk Industries during the third quarter worth $36,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Mohawk Industries in the 3rd quarter worth $55,000. Blue Trust Inc. raised 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 valued at $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 during the third quarter valued at about $61,000. Finally, Versant Capital Management Inc boosted its holdings in Mohawk Industries by 71.0% during 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. 78.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $135.48, for a total value of $270,960.00. Following the completion of the transaction, the insider now directly owns 2,453 shares in the company, valued at approximately $332,332.44. This trade represents a 44.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 19,078 shares of company stock valued at $2,474,347 in the last quarter. 17.10% of the stock is currently owned by corporate insiders.

Mohawk Industries Stock Down 1.2 %

MHK opened at $120.46 on Friday. The company has a 50 day moving average of $124.67 and a 200 day moving average of $140.52. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a 12 month low of $101.83 and a 12 month high of $164.29. The company has a market cap of $7.60 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 1.60 and a beta of 1.41.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.05% and a net margin of 5.22%. On average, sell-side analysts expect that Mohawk Industries, Inc. will post 9.64 EPS for the current year.

Analysts Set New Price Targets

MHK has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $151.00 to $161.00 in a research note on Friday, January 10th. Loop Capital decreased their price target on Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th. Wolfe Research raised Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group decreased their target price on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Truist Financial reduced their price target on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mohawk Industries presently has an average rating of “Moderate Buy” and an average target price of $154.62.

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.