Aperio Group LLC Increases Stake in Mohawk Industries, Inc. (MHK)
Aperio Group LLC lifted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,223 shares of the company’s stock after purchasing an additional 677 shares during the quarter. Aperio Group LLC’s holdings in Mohawk Industries were worth $7,976,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Mohawk Industries by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 6,184,173 shares of the company’s stock worth $1,494,654,000 after purchasing an additional 196,996 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Mohawk Industries by 8.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,029,444 shares of the company’s stock worth $1,215,567,000 after buying an additional 412,942 shares in the last quarter. BlackRock Inc. raised its stake in shares of Mohawk Industries by 5.8% in the 2nd quarter. BlackRock Inc. now owns 4,575,453 shares of the company’s stock worth $1,105,842,000 after buying an additional 250,944 shares in the last quarter. FMR LLC raised its stake in shares of Mohawk Industries by 3.9% in the 2nd quarter. FMR LLC now owns 2,796,757 shares of the company’s stock worth $675,948,000 after buying an additional 105,920 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Mohawk Industries by 0.3% in the 2nd quarter. Principal Financial Group Inc. now owns 1,211,095 shares of the company’s stock worth $292,710,000 after buying an additional 4,001 shares in the last quarter. Institutional investors and hedge funds own 76.91% of the company’s stock.
A number of analysts have recently commented on the company. J P Morgan Chase & Co boosted their price objective on Mohawk Industries from $250.00 to $285.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. MKM Partners reissued a “buy” rating and issued a $286.00 price objective (up previously from $255.00) on shares of Mohawk Industries in a research note on Wednesday, August 2nd. Nomura set a $300.00 price objective on Mohawk Industries and gave the stock a “buy” rating in a research note on Friday, October 27th. Stifel Nicolaus reissued a “buy” rating and issued a $270.00 price objective on shares of Mohawk Industries in a research note on Sunday, October 29th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $291.00 price objective on shares of Mohawk Industries in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. Mohawk Industries currently has a consensus rating of “Buy” and a consensus target price of $279.15.
In other news, VP Rodney David Patton sold 137 shares of Mohawk Industries stock in a transaction on Friday, August 11th. The stock was sold at an average price of $246.78, for a total transaction of $33,808.86. Following the transaction, the vice president now owns 6,924 shares in the company, valued at $1,708,704.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Jeffrey S. Lorberbaum sold 19,700 shares of Mohawk Industries stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $254.95, for a total value of $5,022,515.00. Following the transaction, the chairman now owns 21,396 shares in the company, valued at approximately $5,454,910.20. The disclosure for this sale can be found here. Insiders own 17.00% of the company’s stock.
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Mohawk Industries, Inc. (NYSE:MHK) opened at $257.33 on Friday. Mohawk Industries, Inc. has a twelve month low of $184.14 and a twelve month high of $268.46. The company has a current ratio of 1.48, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $19,124.76, a price-to-earnings ratio of 19.13, a PEG ratio of 2.33 and a beta of 1.35.
Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, October 26th. The company reported $3.75 earnings per share for the quarter, beating analysts’ consensus estimates of $3.74 by $0.01. Mohawk Industries had a return on equity of 16.03% and a net margin of 10.37%. The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the previous year, the company posted $3.50 earnings per share. Mohawk Industries’s revenue for the quarter was up 6.7% compared to the same quarter last year. analysts expect that Mohawk Industries, Inc. will post 13.49 EPS for the current fiscal year.
About Mohawk Industries
Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.
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