Hound Partners LLC raised its position in Mohawk Industries, Inc. (NYSE:MHK) by 85.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,350,055 shares of the company’s stock after acquiring an additional 622,002 shares during the period. Mohawk Industries makes up approximately 7.9% of Hound Partners LLC’s holdings, making the stock its 3rd biggest holding. Hound Partners LLC’s holdings in Mohawk Industries were worth $313,510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MHK. New Mexico Educational Retirement Board raised its holdings in shares of Mohawk Industries by 3.4% in the fourth quarter. New Mexico Educational Retirement Board now owns 6,100 shares of the company’s stock worth $1,683,000 after buying an additional 200 shares during the last quarter. Catalyst Capital Advisors LLC raised its holdings in shares of Mohawk Industries by 2.9% in the fourth quarter. Catalyst Capital Advisors LLC now owns 7,200 shares of the company’s stock worth $1,986,000 after buying an additional 200 shares during the last quarter. Cornerstone Advisors Inc. raised its holdings in shares of Mohawk Industries by 36.1% in the first quarter. Cornerstone Advisors Inc. now owns 886 shares of the company’s stock worth $206,000 after buying an additional 235 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Mohawk Industries by 6.0% in the first quarter. M&T Bank Corp now owns 4,596 shares of the company’s stock worth $1,067,000 after buying an additional 262 shares during the last quarter. Finally, Norinchukin Bank The raised its holdings in shares of Mohawk Industries by 7.4% in the fourth quarter. Norinchukin Bank The now owns 5,051 shares of the company’s stock worth $1,394,000 after buying an additional 348 shares during the last quarter. Institutional investors own 78.05% of the company’s stock.

A number of research firms have issued reports on MHK. Stifel Nicolaus decreased their price target on shares of Mohawk Industries from $300.00 to $290.00 and set a “buy” rating for the company in a report on Monday, April 30th. Credit Suisse Group set a $275.00 price target on shares of Mohawk Industries and gave the stock a “buy” rating in a report on Friday, June 1st. JPMorgan Chase & Co. decreased their price target on shares of Mohawk Industries from $250.00 to $235.00 and set a “neutral” rating for the company in a report on Thursday, June 7th. Loop Capital decreased their price target on shares of Mohawk Industries to $227.00 and set a “hold” rating for the company in a report on Friday, April 27th. Finally, Robert W. Baird set a $272.00 price target on shares of Mohawk Industries and gave the stock a “buy” rating in a report on Monday, April 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. Mohawk Industries presently has an average rating of “Buy” and a consensus target price of $279.67.

Shares of Mohawk Industries stock opened at $209.61 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.54 and a quick ratio of 0.81. Mohawk Industries, Inc. has a 1 year low of $202.75 and a 1 year high of $286.85. The firm has a market cap of $15.74 billion, a P/E ratio of 15.40, a price-to-earnings-growth ratio of 1.34 and a beta of 1.37.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, April 26th. The company reported $3.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.00 by $0.01. Mohawk Industries had a net margin of 10.12% and a return on equity of 15.05%. The firm had revenue of $2.41 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the company posted $2.72 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. equities analysts anticipate that Mohawk Industries, Inc. will post 15.42 earnings per share for the current fiscal year.

In other news, Director Filip Balcaen purchased 66,199 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The shares were bought at an average price of $209.08 per share, for a total transaction of $13,840,886.92. Following the completion of the transaction, the director now owns 776 shares in the company, valued at $162,246.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have purchased 102,157 shares of company stock valued at $21,387,408. 16.80% of the stock is currently owned by corporate insiders.

Mohawk Industries Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

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

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