Pacer Advisors Inc. boosted its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 8.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,920 shares of the company’s stock after acquiring an additional 462 shares during the period. Pacer Advisors Inc.’s holdings in Mohawk Industries were worth $873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of the business. Penserra Capital Management LLC bought a new stake in shares of Mohawk Industries in the 1st quarter valued at about $25,000. SRS Capital Advisors Inc. bought a new stake in shares of Mohawk Industries in the 2nd quarter valued at about $90,000. Zions Bancorporation N.A. bought a new stake in shares of Mohawk Industries in the 1st quarter valued at about $85,000. Marshall Wace North America L.P. bought a new stake in shares of Mohawk Industries in the 1st quarter valued at about $85,000. Finally, Advisory Services Network LLC boosted its holdings in shares of Mohawk Industries by 184.9% in the 2nd quarter. Advisory Services Network LLC now owns 832 shares of the company’s stock valued at $123,000 after buying an additional 540 shares in the last quarter. Institutional investors own 84.95% of the company’s stock.
In other Mohawk Industries news, Director Filip Balcaen purchased 12,500 shares of Mohawk Industries stock in a transaction on Thursday, August 15th. The stock was bought at an average cost of $109.98 per share, with a total value of $1,374,750.00. Following the transaction, the director now owns 1,519 shares of the company’s stock, valued at approximately $167,059.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce Bruckmann purchased 2,000 shares of Mohawk Industries stock in a transaction on Tuesday, August 6th. The shares were acquired at an average cost of $117.69 per share, with a total value of $235,380.00. Following the completion of the transaction, the director now directly owns 286,691 shares in the company, valued at approximately $33,740,663.79. The disclosure for this purchase can be found here. Company insiders own 18.00% of the company’s stock.
Shares of Mohawk Industries stock traded up $0.24 during midday trading on Friday, hitting $125.65. The company had a trading volume of 494,425 shares, compared to its average volume of 596,334. The stock has a market cap of $9.05 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 2.47 and a beta of 1.33. The company has a quick ratio of 0.66, a current ratio of 1.30 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $119.02 and a 200 day simple moving average of $133.88. Mohawk Industries, Inc. has a 12-month low of $108.93 and a 12-month high of $189.20.
Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, July 25th. The company reported $2.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.87 by $0.02. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.65 billion. Mohawk Industries had a net margin of 7.79% and a return on equity of 10.50%. Mohawk Industries’s revenue was up .3% on a year-over-year basis. During the same period last year, the firm posted $3.51 EPS. As a group, analysts expect that Mohawk Industries, Inc. will post 9.96 EPS for the current year.
A number of research firms have recently weighed in on MHK. JPMorgan Chase & Co. lowered their price target on shares of Mohawk Industries from $130.00 to $118.00 and set an “underweight” rating on the stock in a report on Monday, July 29th. Buckingham Research upgraded shares of Mohawk Industries from an “underperform” rating to a “neutral” rating and raised their price target for the company from $115.00 to $117.00 in a report on Tuesday, July 30th. Zacks Investment Research cut shares of Mohawk Industries from a “hold” rating to a “sell” rating and set a $131.00 price target on the stock. in a report on Thursday, August 1st. Nomura lowered their price target on shares of Mohawk Industries from $176.00 to $167.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Finally, Stifel Nicolaus set a $145.00 price target on shares of Mohawk Industries and gave the company a “buy” rating in a report on Friday, August 16th. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. Mohawk Industries has an average rating of “Hold” and an average price target of $141.41.
About Mohawk Industries
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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