WINTON GROUP Ltd boosted its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 83.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,742 shares of the company’s stock after buying an additional 4,879 shares during the period. WINTON GROUP Ltd’s holdings in Mohawk Industries were worth $2,495,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of MHK. Rockefeller Capital Management L.P. bought a new position in Mohawk Industries in the 1st quarter worth approximately $161,000. Tower Research Capital LLC TRC bought a new position in Mohawk Industries in the 4th quarter worth approximately $174,000. Commerzbank Aktiengesellschaft FI bought a new position in Mohawk Industries in the 1st quarter worth approximately $206,000. Cornerstone Advisors Inc. increased its position in Mohawk Industries by 36.1% in the 1st quarter. Cornerstone Advisors Inc. now owns 886 shares of the company’s stock worth $206,000 after buying an additional 235 shares during the period. Finally, D.A. Davidson & CO. bought a new position in Mohawk Industries in the 4th quarter worth approximately $207,000. 77.15% of the stock is currently owned by institutional investors.
Mohawk Industries stock opened at $211.87 on Monday. The company has a current ratio of 1.54, a quick ratio of 0.81 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $15.81 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.37. Mohawk Industries, Inc. has a 52 week low of $202.75 and a 52 week high of $286.85.
Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, April 26th. The company reported $3.01 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.01. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.40 billion. Mohawk Industries had a return on equity of 15.05% and a net margin of 10.12%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.72 earnings per share. research analysts anticipate that Mohawk Industries, Inc. will post 15.4 earnings per share for the current year.
In other Mohawk Industries news, insider Bernard Thiers sold 10,000 shares of the business’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $212.60, for a total value of $2,126,000.00. Following the transaction, the insider now owns 45,156 shares of the company’s stock, valued at $9,600,165.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Filip Balcaen acquired 25,912 shares of Mohawk Industries stock in a transaction on Monday, May 14th. The stock was acquired at an average cost of $209.89 per share, for a total transaction of $5,438,669.68. Following the purchase, the director now owns 776 shares of the company’s stock, valued at approximately $162,874.64. The disclosure for this purchase can be found here. In the last three months, insiders acquired 102,157 shares of company stock worth $21,387,408. Insiders own 16.80% of the company’s stock.
MHK has been the topic of several recent analyst reports. Credit Suisse Group set a $275.00 price target on Mohawk Industries and gave the stock a “buy” rating in a research report on Friday, June 1st. Goldman Sachs Group downgraded Mohawk Industries from a “conviction-buy” rating to a “buy” rating and dropped their price target for the stock from $306.00 to $292.00 in a research report on Thursday, March 1st. Zacks Investment Research raised Mohawk Industries from a “hold” rating to a “buy” rating and set a $268.00 price target on the stock in a research report on Monday, April 16th. Barclays set a $278.00 price objective on Mohawk Industries and gave the company a “buy” rating in a research report on Monday, April 30th. Finally, Robert W. Baird set a $272.00 price objective on Mohawk Industries and gave the company a “buy” rating in a research report on Monday, April 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. Mohawk Industries has a consensus rating of “Buy” and a consensus target price of $279.67.
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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