2 weeks Ago By ABMN Staff
Commonwealth Equity Services LLC bought a new stake in shares of Mohawk Industries, Inc. ( NYSE:MHK – Free Report ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,046 shares of the company’s stock, valued at approximately $482,000.
Several other large investors also recently modified their holdings of MHK. PFG Advisors acquired a new stake in shares of Mohawk Industries during the 4th quarter worth approximately $238,000. Daiwa Securities Group Inc.
boosted its holdings in shares of Mohawk Industries by 16.4% in the 4th quarter. Daiwa Securities Group Inc.
now owns 2,814 shares of the company’s stock valued at $335,000 after purchasing an additional 397 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Mohawk Industries by 10.9% in the 4th quarter.
Zurcher Kantonalbank Zurich Cantonalbank now owns 13,652 shares of the company’s stock valued at $1,626,000 after purchasing an additional 1,345 shares during the last quarter. Amundi raised its holdings in shares of Mohawk Industries by 117.4% during the 4th quarter.
Amundi now owns 331,750 shares of the company’s stock worth $39,239,000 after buying an additional 179,121 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Mohawk Industries by 6.
1% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,959 shares of the company’s stock worth $1,186,000 after buying an additional 569 shares during the last quarter.
78.98% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth A number of research firms have issued reports on MHK.
The Goldman Sachs Group decreased their target price on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th.
Barclays decreased their price target on shares of Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th.
Bank of America dropped their price objective on shares of Mohawk Industries from $152.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 10th.
Raymond James reiterated a “strong-buy” rating and set a $165.00 price target (down from $185.00) on shares of Mohawk Industries in a report on Monday, February 10th.
Finally, Loop Capital dropped their price target on Mohawk Industries from $180.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, February 10th.
Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.
07. Insider Buying and Selling at Mohawk Industries In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of Mohawk Industries stock in a transaction that occurred on Friday, March 14th.
The stock was sold at an average price of $113.44, for a total value of $1,191,120.00.
Following the completion of the sale, the insider now directly owns 93,584 shares in the company, valued at approximately $10,616,168.96. The trade was a 10.
09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Insiders own 17.
10% of the company’s stock. Mohawk Industries Trading Down 2.1 % NYSE MHK opened at $105.
55 on Friday. The firm has a market capitalization of $6.61 billion, a PE ratio of 12.
98, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23.
The business’s 50-day moving average price is $117.26 and its two-hundred day moving average price is $130.85.
The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.
22. Mohawk Industries, Inc. has a 12 month low of $100.
56 and a 12 month high of $164.29. Mohawk Industries ( NYSE:MHK – Get Free Report ) last announced its earnings results on Thursday, February 6th.
The company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.85 by $0.
10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.
78%. On average, analysts expect that Mohawk Industries, Inc. will post 9.
8 EPS for the current year. Mohawk Industries Profile ( Free Report ) Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.
Featured Articles Want to see what other hedge funds are holding MHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mohawk Industries, Inc. ( NYSE:MHK – Free Report ).
Receive News & Ratings for Mohawk Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries and related companies with MarketBeat.com's FREE daily email newsletter ..
