ClariVest Asset Management LLC reduced its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 3.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 76,378 shares of the company’s stock after selling 2,500 shares during the period. ClariVest Asset Management LLC’s holdings in Mohawk Industries were worth $18,460,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in Mohawk Industries by 0.7% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 1,519 shares of the company’s stock valued at $349,000 after buying an additional 11 shares during the period. BTC Capital Management Inc. raised its position in Mohawk Industries by 1.1% in the first quarter. BTC Capital Management Inc. now owns 1,265 shares of the company’s stock valued at $289,000 after buying an additional 14 shares in the last quarter. ING Groep NV raised its position in Mohawk Industries by 0.4% in the second quarter. ING Groep NV now owns 4,877 shares of the company’s stock valued at $1,179,000 after buying an additional 19 shares in the last quarter. IFP Advisors Inc raised its position in Mohawk Industries by 5.6% in the first quarter. IFP Advisors Inc now owns 527 shares of the company’s stock valued at $121,000 after buying an additional 28 shares in the last quarter. Finally, Cleararc Capital Inc. raised its position in Mohawk Industries by 2.3% in the first quarter. Cleararc Capital Inc. now owns 1,550 shares of the company’s stock valued at $356,000 after buying an additional 35 shares in the last quarter. 76.31% of the stock is owned by institutional investors.

Mohawk Industries, Inc. (MHK) opened at 245.43 on Friday. The firm’s 50-day moving average price is $245.96 and its 200 day moving average price is $234.13. Mohawk Industries, Inc. has a 12-month low of $175.52 and a 12-month high of $252.89. The company’s market capitalization is $18.24 billion.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, July 27th. The company reported $3.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.60 by $0.12. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.45 billion. Mohawk Industries had a return on equity of 16.45% and a net margin of 10.54%. Mohawk Industries’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $3.47 earnings per share. On average, analysts expect that Mohawk Industries, Inc. will post $13.53 earnings per share for the current year.

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Several research firms have recently issued reports on MHK. MKM Partners restated a “buy” rating and issued a $286.00 price target (up from $255.00) on shares of Mohawk Industries in a research report on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $291.00 price target on shares of Mohawk Industries in a research report on Monday, July 31st. Zacks Investment Research lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. Finally, Credit Suisse Group began coverage on Mohawk Industries in a research report on Thursday, June 22nd. They issued an “outperform” rating and a $274.00 price target on the stock. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $266.64.

In other Mohawk Industries news, VP Rodney David Patton sold 387 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $242.00, for a total transaction of $93,654.00. Following the sale, the vice president now owns 7,061 shares of the company’s stock, valued at $1,708,762. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cock Frans Georges De sold 1,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $238.27, for a total transaction of $238,270.00. Following the sale, the director now directly owns 13,016 shares in the company, valued at approximately $3,101,322.32. The disclosure for this sale can be found here. Insiders have sold 7,587 shares of company stock worth $1,823,768 in the last ninety days. 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’ 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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Institutional Ownership by Quarter for Mohawk Industries (NYSE:MHK)

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