State of Wisconsin Investment Board raised its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 24.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 41,860 shares of the company’s stock after buying an additional 8,112 shares during the period. State of Wisconsin Investment Board owned 0.06% of Mohawk Industries worth $9,606,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State of Tennessee Treasury Department raised its stake in Mohawk Industries by 1.8% in the first quarter. State of Tennessee Treasury Department now owns 51,991 shares of the company’s stock worth $11,932,000 after buying an additional 898 shares in the last quarter. Pioneer Investment Management Inc. raised its stake in shares of Mohawk Industries by 9.6% in the first quarter. Pioneer Investment Management Inc. now owns 97,015 shares of the company’s stock worth $22,264,000 after buying an additional 8,505 shares in the last quarter. Virginia Retirement Systems ET AL raised its stake in shares of Mohawk Industries by 7.7% in the first quarter. Virginia Retirement Systems ET AL now owns 90,700 shares of the company’s stock worth $20,815,000 after buying an additional 6,500 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Mohawk Industries by 57.9% in the first quarter. Toronto Dominion Bank now owns 17,167 shares of the company’s stock worth $3,939,000 after buying an additional 6,298 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Mohawk Industries by 15.2% in the first quarter. Ameriprise Financial Inc. now owns 579,822 shares of the company’s stock worth $133,054,000 after buying an additional 76,419 shares in the last quarter. 77.54% of the stock is owned by institutional investors.
Mohawk Industries, Inc. (MHK) opened at 241.93 on Friday. Mohawk Industries, Inc. has a 12 month low of $175.52 and a 12 month high of $245.90. The company has a 50 day moving average of $235.75 and a 200 day moving average of $222.02. The stock’s market capitalization is $17.98 billion.
Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, April 27th. The company reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.01. Mohawk Industries had a return on equity of 16.88% and a net margin of 10.65%. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the firm earned $2.38 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts predict that Mohawk Industries, Inc. will post $13.34 EPS for the current year.
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Several analysts recently issued reports on the stock. BidaskClub upgraded shares of Mohawk Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $267.00 price target on shares of Mohawk Industries in a report on Monday, May 1st. Stifel Nicolaus boosted their target price on shares of Mohawk Industries from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 1st. MKM Partners reissued a “buy” rating and issued a $255.00 target price on shares of Mohawk Industries in a report on Tuesday, April 18th. Finally, Barclays PLC boosted their price target on shares of Mohawk Industries from $251.00 to $272.00 and gave the stock an “overweight” rating in a research report on Monday, March 20th. Two research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mohawk Industries currently has an average rating of “Buy” and an average target price of $256.50.
In other Mohawk Industries news, Director Cock Frans Georges De sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $238.27, for a total transaction of $238,270.00. Following the completion of the sale, the director now owns 13,016 shares in the company, valued at approximately $3,101,322.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Suzanne L. Helen sold 6,200 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $240.62, for a total value of $1,491,844.00. The disclosure for this sale can be found here. 17.10% of the stock is currently owned by company insiders.
About Mohawk Industries
Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.
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