AMP Capital Investors Ltd lifted its position in shares of Mohawk Industries (NYSE:MHK) by 43.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,928 shares of the company’s stock after buying an additional 8,165 shares during the period. AMP Capital Investors Ltd’s holdings in Mohawk Industries were worth $7,430,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in MHK. Standard Life Aberdeen plc boosted its position in Mohawk Industries by 5,674.0% in the 4th quarter. Standard Life Aberdeen plc now owns 895,139 shares of the company’s stock valued at $246,982,000 after buying an additional 879,636 shares during the last quarter. BlackRock Inc. boosted its position in Mohawk Industries by 10.4% in the 4th quarter. BlackRock Inc. now owns 5,046,157 shares of the company’s stock valued at $1,392,234,000 after buying an additional 477,056 shares during the last quarter. Wells Fargo & Company MN boosted its position in Mohawk Industries by 46.3% in the 3rd quarter. Wells Fargo & Company MN now owns 872,767 shares of the company’s stock valued at $216,018,000 after buying an additional 276,409 shares during the last quarter. KAMES CAPITAL plc boosted its position in Mohawk Industries by 1,816.2% in the 4th quarter. KAMES CAPITAL plc now owns 215,529 shares of the company’s stock valued at $59,467,000 after buying an additional 204,281 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its stake in shares of Mohawk Industries by 181.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 285,883 shares of the company’s stock valued at $70,759,000 after purchasing an additional 184,283 shares in the last quarter. Institutional investors and hedge funds own 78.68% of the company’s stock.
MHK stock traded down $3.42 during midday trading on Friday, reaching $236.08. The company had a trading volume of 606,586 shares, compared to its average volume of 689,345. Mohawk Industries has a 1 year low of $223.99 and a 1 year high of $286.85. The company has a quick ratio of 0.80, a current ratio of 1.53 and a debt-to-equity ratio of 0.22. The company has a market cap of $17,570.25, a price-to-earnings ratio of 17.35, a PEG ratio of 1.65 and a beta of 1.36.
Mohawk Industries (NYSE:MHK) last released its 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. Mohawk Industries had a net margin of 10.24% and a return on equity of 15.44%. The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the prior year, the firm earned $3.26 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. research analysts anticipate that Mohawk Industries will post 15.65 EPS for the current year.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Robert W. Baird dropped their price target on shares of Mohawk Industries from $312.00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday, February 12th. ValuEngine upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Loop Capital began coverage on shares of Mohawk Industries in a research note on Thursday, March 1st. They issued a “hold” rating and a $261.00 price target on the stock. Finally, Longbow Research upgraded shares of Mohawk Industries from a “neutral” rating to a “buy” rating in a research note on Monday, February 12th. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $293.07.
In other news, CFO Frank H. Boykin sold 1,388 shares of the firm’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $248.26, for a total transaction of $344,584.88. Following the transaction, the chief financial officer now owns 17,505 shares in the company, valued at approximately $4,345,791.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Frank H. Boykin sold 1,032 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $247.58, for a total transaction of $255,502.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,595 shares of company stock valued at $8,603,365. Insiders own 17.00% of the company’s stock.
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Mohawk Industries 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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