1,079 Shares in Mohawk Industries, Inc. (MHK) Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd purchased a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,079 shares of the company’s stock, valued at approximately $267,000.

Several other institutional investors also recently added to or reduced their stakes in the company. South Street Advisors LLC purchased a new position in Mohawk Industries in the third quarter worth $9,657,000. California Public Employees Retirement System raised its position in Mohawk Industries by 4.2% in the third quarter. California Public Employees Retirement System now owns 130,303 shares of the company’s stock worth $32,251,000 after acquiring an additional 5,303 shares in the last quarter. Virtu Financial LLC purchased a new position in Mohawk Industries in the third quarter worth $206,000. Janney Montgomery Scott LLC raised its position in Mohawk Industries by 21.7% in the third quarter. Janney Montgomery Scott LLC now owns 3,986 shares of the company’s stock worth $987,000 after acquiring an additional 711 shares in the last quarter. Finally, Janney Capital Management LLC raised its position in Mohawk Industries by 21.0% in the third quarter. Janney Capital Management LLC now owns 54,930 shares of the company’s stock worth $13,595,000 after acquiring an additional 9,520 shares in the last quarter. Institutional investors and hedge funds own 76.50% of the company’s stock.

Shares of Mohawk Industries, Inc. (NYSE:MHK) opened at $275.14 on Tuesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.48 and a quick ratio of 0.77. The firm has a market capitalization of $20,416.46, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 2.49 and a beta of 1.37. Mohawk Industries, Inc. has a twelve month low of $197.05 and a twelve month high of $286.85.

Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, October 26th. The company reported $3.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.74 by $0.01. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.46 billion. Mohawk Industries had a return on equity of 16.03% and a net margin of 10.37%. Mohawk Industries’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.50 earnings per share. equities research analysts forecast that Mohawk Industries, Inc. will post 13.52 EPS for the current fiscal year.

Several research firms have issued reports on MHK. Nomura reiterated a “buy” rating and issued a $288.00 price objective (up previously from $280.00) on shares of Mohawk Industries in a research report on Thursday, September 28th. J P Morgan Chase & Co increased their price objective on Mohawk Industries from $250.00 to $285.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Jefferies Group began coverage on Mohawk Industries in a research report on Tuesday, December 12th. They issued a “buy” rating and a $330.00 price objective for the company. Instinet reiterated a “buy” rating and issued a $288.00 price objective (up previously from $280.00) on shares of Mohawk Industries in a research report on Saturday, September 30th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $275.00 price objective on shares of Mohawk Industries in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $289.33.

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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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Institutional Ownership by Quarter for Mohawk Industries (NYSE:MHK)

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