BP PLC maintained its position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 8,000 shares of the company’s stock at the end of the first quarter. BP PLC’s holdings in Mohawk Industries were worth $1,836,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Mohawk Industries during the fourth quarter valued at approximately $120,281,000. Renaissance Technologies LLC raised its position in shares of Mohawk Industries by 94.5% in the fourth quarter. Renaissance Technologies LLC now owns 281,700 shares of the company’s stock valued at $56,250,000 after buying an additional 136,900 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Mohawk Industries during the fourth quarter valued at approximately $26,474,000. Impala Asset Management LLC purchased a new position in shares of Mohawk Industries during the fourth quarter valued at approximately $22,656,000. Finally, Luminus Management LLC purchased a new position in shares of Mohawk Industries during the fourth quarter valued at approximately $21,492,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.
Shares of Mohawk Industries, Inc. (NYSE:MHK) opened at 241.93 on Friday. The company’s 50 day moving average price is $235.75 and its 200 day moving average price is $222.02. The stock’s market capitalization is $17.98 billion. Mohawk Industries, Inc. has a 12 month low of $175.52 and a 12 month high of $245.90.
Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, April 27th. The company reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.01. Mohawk Industries had a return on equity of 16.88% and a net margin of 10.65%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the business posted $2.38 EPS. Mohawk Industries’s quarterly revenue was up 2.2% on a year-over-year basis. Equities analysts anticipate that Mohawk Industries, Inc. will post $13.34 earnings per share for the current fiscal year.
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A number of equities research analysts recently weighed in on the company. BidaskClub raised Mohawk Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Barclays PLC raised their price objective on Mohawk Industries from $251.00 to $272.00 and gave the company an “overweight” rating in a research report on Monday, March 20th. Stifel Nicolaus raised their price objective on Mohawk Industries from $250.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, May 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $267.00 price objective on shares of Mohawk Industries in a research report on Monday, May 1st. Finally, MKM Partners reissued a “buy” rating and issued a $255.00 price target on shares of Mohawk Industries in a report on Tuesday, April 18th. Two equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target 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 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 transaction, the director now owns 13,016 shares of the company’s stock, valued at $3,101,322.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Suzanne L. Helen sold 6,200 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was 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. Company insiders own 17.10% of the company’s stock.
Mohawk Industries Company Profile
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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