US Bancorp DE grew its position in Mohawk Industries, Inc. (NYSE:MHK) by 11.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,887 shares of the company’s stock after buying an additional 10,086 shares during the quarter. US Bancorp DE’s holdings in Mohawk Industries were worth $12,726,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc lifted its holdings in shares of Mohawk Industries by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 6,421,024 shares of the company’s stock worth $1,125,927,000 after buying an additional 29,538 shares during the period. BlackRock Inc. raised its position in shares of Mohawk Industries by 5.6% in the 4th quarter. BlackRock Inc. now owns 4,221,721 shares of the company’s stock worth $493,771,000 after acquiring an additional 223,512 shares in the last quarter. FMR LLC raised its position in shares of Mohawk Industries by 16.3% in the 4th quarter. FMR LLC now owns 2,867,479 shares of the company’s stock worth $335,381,000 after acquiring an additional 402,710 shares in the last quarter. Pzena Investment Management LLC bought a new position in shares of Mohawk Industries in the 1st quarter worth $172,158,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Mohawk Industries by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,183,033 shares of the company’s stock worth $138,375,000 after acquiring an additional 30,054 shares in the last quarter. Institutional investors and hedge funds own 80.64% of the company’s stock.
In other news, VP Rodney David Patton sold 2,260 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $133.50, for a total value of $301,710.00. Following the sale, the vice president now owns 9,134 shares in the company, valued at $1,219,389. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 18.00% of the stock is owned by corporate insiders.
Shares of MHK traded up $4.19 during mid-day trading on Friday, reaching $145.90. The company had a trading volume of 1,264,635 shares, compared to its average volume of 823,807. Mohawk Industries, Inc. has a 52-week low of $109.35 and a 52-week high of $228.49. The company has a quick ratio of 0.68, a current ratio of 1.37 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $10.57 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 2.57 and a beta of 1.53.
Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, April 25th. The company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.06. Mohawk Industries had a return on equity of 11.36% and a net margin of 7.73%. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the business earned $3.01 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts anticipate that Mohawk Industries, Inc. will post 10.77 EPS for the current fiscal year.
Several research analysts have recently commented on MHK shares. Zacks Investment Research raised Mohawk Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Buckingham Research started coverage on Mohawk Industries in a research report on Friday, February 1st. They issued an “underperform” rating and a $116.00 price target for the company. Loop Capital boosted their price target on Mohawk Industries to $126.00 and gave the stock an “underperform” rating in a research report on Friday, February 8th. SunTrust Banks boosted their price target on Mohawk Industries to $150.00 and gave the stock a “buy” rating in a research report on Monday, February 11th. They noted that the move was a valuation call. Finally, Wells Fargo & Co boosted their price target on Mohawk Industries from $130.00 to $135.00 and gave the stock a “market perform” rating in a research report on Monday, February 11th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $149.53.
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Mohawk Industries Company Profile
Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).
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