2 weeks Ago By Defense World Staff
Brandes Investment Partners LP lifted its holdings in shares of Mohawk Industries, Inc. ( NYSE:MHK – Free Report ) by 10.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The fund owned 1,015,640 shares of the company’s stock after buying an additional 96,174 shares during the period. Mohawk Industries accounts for approximately 1.4% of Brandes Investment Partners LP’s holdings, making the stock its 27th biggest position.
Brandes Investment Partners LP owned 1.59% of Mohawk Industries worth $115,057,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also recently bought and sold shares of the company.
PNC Financial Services Group Inc. boosted its holdings in shares of Mohawk Industries by 3.3% during the fourth quarter.
PNC Financial Services Group Inc. now owns 5,769 shares of the company’s stock valued at $597,000 after acquiring an additional 184 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Mohawk Industries by 4.
0% during the fourth quarter. Wells Fargo & Company MN now owns 96,365 shares of the company’s stock valued at $9,974,000 after purchasing an additional 3,670 shares during the period. Hsbc Holdings PLC raised its stake in shares of Mohawk Industries by 18.
0% during the fourth quarter. Hsbc Holdings PLC now owns 92,569 shares of the company’s stock valued at $9,596,000 after purchasing an additional 14,150 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in Mohawk Industries in the fourth quarter worth about $6,574,000.
Finally, Treasurer of the State of North Carolina grew its position in Mohawk Industries by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 23,455 shares of the company’s stock valued at $2,428,000 after buying an additional 230 shares in the last quarter.
Institutional investors and hedge funds own 78.98% of the company’s stock. Insider Activity at Mohawk Industries In other Mohawk Industries news, VP Rodney David Patton sold 755 shares of Mohawk Industries stock in a transaction that occurred on Monday, July 29th.
The shares were sold at an average price of $162.78, for a total value of $122,898.90.
Following the completion of the sale, the vice president now directly owns 12,299 shares in the company, valued at $2,002,031.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink .
In other Mohawk Industries news, VP Rodney David Patton sold 755 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $162.78, for a total transaction of $122,898.
90. Following the transaction, the vice president now directly owns 12,299 shares of the company’s stock, valued at $2,002,031.22.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . Also, insider Suzanne L. Helen sold 700 shares of the business’s stock in a transaction dated Wednesday, August 7th.
The stock was sold at an average price of $146.97, for a total value of $102,879.00.
Following the completion of the sale, the insider now directly owns 121,669 shares of the company’s stock, valued at approximately $17,881,692.93. The disclosure for this sale can be found here .
In the last quarter, insiders sold 4,415 shares of company stock valued at $673,387. 17.10% of the stock is owned by corporate insiders.
Mohawk Industries Stock Performance Mohawk Industries ( NYSE:MHK – Get Free Report ) last posted its quarterly earnings results on Thursday, July 25th. The company reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.
75 by $0.25. Mohawk Industries had a negative net margin of 3.
30% and a positive return on equity of 8.07%. The business had revenue of $2.
80 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the prior year, the business posted $2.
76 earnings per share. Mohawk Industries’s revenue for the quarter was down 5.1% compared to the same quarter last year.
Research analysts anticipate that Mohawk Industries, Inc. will post 10 earnings per share for the current fiscal year. Wall Street Analyst Weigh In A number of analysts have recently weighed in on the stock.
Royal Bank of Canada upped their price target on shares of Mohawk Industries from $108.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Monday, July 29th.
Wells Fargo & Company lifted their price target on shares of Mohawk Industries from $110.00 to $140.00 and gave the stock an “underweight” rating in a research report on Monday, July 29th.
Robert W. Baird raised their price objective on Mohawk Industries from $132.00 to $160.
00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Bank of America raised Mohawk Industries from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $120.00 to $177.
00 in a research report on Friday, July 26th. Finally, Raymond James upgraded Mohawk Industries from a “market perform” rating to a “strong-buy” rating and set a $140.00 price target for the company in a research report on Monday, June 10th.
One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.
00. Read Our Latest Stock Report on MHK Mohawk Industries Company 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.
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