BTC Capital Management Inc. continued to hold its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) during the second quarter, Holdings Channel reports. The firm owned 1,265 shares of the company’s stock at the end of the second quarter. BTC Capital Management Inc.’s holdings in Mohawk Industries were worth $305,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Mohawk Industries by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,987,177 shares of the company’s stock valued at $1,373,997,000 after buying an additional 185,698 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Mohawk Industries by 3.6% in the first quarter. JPMorgan Chase & Co. now owns 4,616,502 shares of the company’s stock valued at $1,059,441,000 after buying an additional 159,231 shares in the last quarter. BlackRock Inc. increased its stake in shares of Mohawk Industries by 3,286.0% in the first quarter. BlackRock Inc. now owns 4,324,509 shares of the company’s stock valued at $992,431,000 after buying an additional 4,196,790 shares in the last quarter. FMR LLC increased its stake in shares of Mohawk Industries by 5.5% in the first quarter. FMR LLC now owns 2,690,837 shares of the company’s stock valued at $617,520,000 after buying an additional 139,080 shares in the last quarter. Finally, Egerton Capital UK LLP increased its stake in shares of Mohawk Industries by 3.1% in the first quarter. Egerton Capital UK LLP now owns 1,432,719 shares of the company’s stock valued at $328,795,000 after buying an additional 42,925 shares in the last quarter. Institutional investors and hedge funds own 76.31% of the company’s stock.

Mohawk Industries, Inc. (NYSE:MHK) opened at 245.43 on Friday. The company has a 50-day moving average price of $245.96 and a 200 day moving average price of $234.13. The firm’s market capitalization is $18.24 billion. Mohawk Industries, Inc. has a 1-year low of $175.52 and a 1-year high of $252.89.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, July 27th. The company reported $3.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.60 by $0.12. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Mohawk Industries had a return on equity of 16.45% and a net margin of 10.54%. Mohawk Industries’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $3.47 earnings per share. Equities analysts anticipate that Mohawk Industries, Inc. will post $13.53 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “BTC Capital Management Inc. Has $305,000 Position in Mohawk Industries, Inc. (NYSE:MHK)” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/btc-capital-management-inc-has-305000-position-in-mohawk-industries-inc-nysemhk/1478288.html.

Several analysts have recently issued reports on MHK shares. Royal Bank Of Canada restated a “buy” rating and issued a $291.00 price objective on shares of Mohawk Industries in a research report on Monday, July 31st. Instinet restated a “buy” rating and issued a $280.00 price objective on shares of Mohawk Industries in a research report on Friday, April 14th. BidaskClub upgraded Mohawk Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Mohawk Industries from a “hold” rating to a “buy” rating and set a $268.00 target price for the company in a research note on Tuesday, July 4th. Finally, MKM Partners reiterated a “buy” rating and issued a $255.00 target price on shares of Mohawk Industries in a research note on Tuesday, April 18th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Mohawk Industries presently has a consensus rating of “Buy” and a consensus target price of $266.64.

In other news, Director Cock Frans Georges De sold 1,000 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $238.27, for a total value of $238,270.00. Following the completion of the sale, the director now owns 13,016 shares of the company’s stock, valued at $3,101,322.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Suzanne L. Helen sold 6,200 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $240.62, for a total value of $1,491,844.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,587 shares of company stock valued at $1,823,768. 17.10% of the stock is currently owned by insiders.

Mohawk Industries Company Profile

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.

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).

Institutional Ownership by Quarter for Mohawk Industries (NYSE:MHK)

Receive News & Ratings for Mohawk Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.