Ontario Teachers Pension Plan Board raised its stake in Mohawk Industries, Inc. (NYSE:MHK) by 11.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,735 shares of the company’s stock after buying an additional 3,314 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Mohawk Industries were worth $8,756,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Pensionfund DSM Netherlands bought a new position in shares of Mohawk Industries during the 4th quarter valued at $3,035,000. Quantbot Technologies LP bought a new position in shares of Mohawk Industries during the 3rd quarter valued at $5,281,000. National Pension Service grew its holdings in shares of Mohawk Industries by 2.5% during the 4th quarter. National Pension Service now owns 69,142 shares of the company’s stock valued at $19,076,000 after purchasing an additional 1,672 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Mohawk Industries by 10.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 105,131 shares of the company’s stock valued at $26,021,000 after purchasing an additional 9,896 shares during the last quarter. Finally, IBM Retirement Fund grew its holdings in shares of Mohawk Industries by 72.4% during the 3rd quarter. IBM Retirement Fund now owns 1,593 shares of the company’s stock valued at $436,000 after purchasing an additional 669 shares during the last quarter. 78.49% of the stock is currently owned by institutional investors.
In other news, Director William Henry Runge III purchased 500 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were acquired at an average price of $250.87 per share, with a total value of $125,435.00. Following the acquisition, the director now directly owns 2,335 shares in the company, valued at $585,781.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Chistopher Wellborn sold 8,707 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $252.00, for a total transaction of $2,194,164.00. The disclosure for this sale can be found here. 17.00% of the stock is owned by company insiders.
Shares of Mohawk Industries, Inc. (MHK) opened at $247.07 on Wednesday. The stock has a market cap of $18,562.17, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 1.76 and a beta of 1.26. Mohawk Industries, Inc. has a twelve month low of $219.53 and a twelve month high of $286.85. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 0.80.
Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, February 8th. The company reported $3.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.32 by $0.10. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. Mohawk Industries had a net margin of 10.24% and a return on equity of 15.44%. The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.26 EPS. equities analysts expect that Mohawk Industries, Inc. will post 15.54 earnings per share for the current year.
Several equities analysts recently commented on MHK shares. Barclays increased their target price on shares of Mohawk Industries from $285.00 to $301.00 and gave the company an “overweight” rating in a report on Monday, October 30th. ValuEngine raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research raised shares of Mohawk Industries from a “hold” rating to a “buy” rating and set a $310.00 target price on the stock in a report on Monday, January 8th. Credit Suisse Group reaffirmed an “outperform” rating and set a $310.00 target price (up previously from $303.00) on shares of Mohawk Industries in a report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Nomura set a $300.00 target price on shares of Mohawk Industries and gave the company a “buy” rating in a report on Friday, October 27th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $295.62.
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Mohawk Industries 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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