Livforsakringsbolaget Skandia Omsesidigt Has $1,471,000 Position in Mohawk Industries, Inc. (MHK)
Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 435.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,571 shares of the company’s stock after buying an additional 28,931 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Mohawk Industries were worth $1,471,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in MHK. Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Mohawk Industries by 2.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 4,725 shares of the company’s stock valued at $896,000 after buying an additional 91 shares during the last quarter. Concert Wealth Management Inc. boosted its stake in shares of Mohawk Industries by 35.2% in the second quarter. Concert Wealth Management Inc. now owns 2,113 shares of the company’s stock valued at $401,000 after buying an additional 550 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of Mohawk Industries during the second quarter valued at $952,000. Redwood Investments LLC acquired a new stake in shares of Mohawk Industries during the second quarter valued at $18,525,000. Finally, ING Groep NV boosted its stake in shares of Mohawk Industries by 48.2% in the second quarter. ING Groep NV now owns 2,218 shares of the company’s stock valued at $421,000 after buying an additional 721 shares during the last quarter. 76.68% of the stock is owned by institutional investors.
Mohawk Industries, Inc. (NYSE:MHK) traded up 0.33% during mid-day trading on Friday, hitting $202.41. 387,872 shares of the stock were exchanged. The firm’s market cap is $15.01 billion. The company has a 50 day moving average price of $200.35 and a 200 day moving average price of $200.66. Mohawk Industries, Inc. has a 52-week low of $148.56 and a 52-week high of $216.58.
Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $3.46 by $0.04. The business earned $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. Mohawk Industries had a net margin of 10.12% and a return on equity of 17.22%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.98 EPS. On average, analysts anticipate that Mohawk Industries, Inc. will post $12.57 EPS for the current year.
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A number of equities research analysts recently commented on MHK shares. Bank of America raised shares of Mohawk Industries from a “neutral” rating to a “buy” rating and set a $235.00 target price for the company in a research report on Wednesday, October 12th. Wells Fargo & Company started coverage on shares of Mohawk Industries in a research report on Wednesday, September 28th. They set a “market perform” rating for the company. Royal Bank Of Canada increased their target price on shares of Mohawk Industries from $245.00 to $248.00 and gave the company an “outperform” rating in a research report on Monday, December 5th. Barclays PLC started coverage on shares of Mohawk Industries in a research report on Thursday, January 5th. They set an “overweight” rating and a $229.00 target price for the company. Finally, RBC Capital Markets reissued an “outperform” rating and set a $248.00 target price (up previously from $245.00) on shares of Mohawk Industries in a research report on Monday, December 5th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $231.09.
In other news, insider Chistopher Wellborn sold 7,231 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $200.00, for a total transaction of $1,446,200.00. Following the completion of the sale, the insider now owns 174,926 shares in the company, valued at approximately $34,985,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cock Frans Georges De acquired 3,750 shares of Mohawk Industries stock in a transaction dated Monday, November 28th. The shares were bought at an average price of $200.00 per share, with a total value of $750,000.00. Following the transaction, the director now directly owns 10,016 shares in the company, valued at approximately $2,003,200. The disclosure for this purchase can be found here. Insiders own 17.10% of the company’s stock.
Mohawk Industries Company Profile
Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’s manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile (LVT) and vinyl flooring. It operates in three segments: Global Ceramic, which designs, manufactures, sources, distributes and markets a line of ceramic tile, porcelain tile and natural stone products; Flooring North America (Flooring NA), which designs, manufactures, sources, distributes and markets carpet, laminate, carpet pad, rugs, hardwood and vinyl, including LVT, in a range of colors, textures and patterns, and Flooring Rest of the World (Flooring ROW), which designs, manufactures, sources, distributes and markets laminate, hardwood flooring, roofing elements, insulation boards, medium-density fiberboard, chipboards and vinyl flooring products.
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