Mohawk Industries, Inc. (MHK) Holdings Cut by Keybank National Association OH
Keybank National Association OH lessened its position in Mohawk Industries, Inc. (NYSE:MHK) by 4.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,371 shares of the company’s stock after selling 272 shares during the period. Keybank National Association OH’s holdings in Mohawk Industries were worth $1,329,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Sun Life Financial INC grew its holdings in Mohawk Industries by 5,675.0% in the 2nd quarter. Sun Life Financial INC now owns 462 shares of the company’s stock worth $112,000 after acquiring an additional 454 shares during the last quarter. First Personal Financial Services grew its holdings in Mohawk Industries by 6.6% in the 2nd quarter. First Personal Financial Services now owns 568 shares of the company’s stock worth $137,000 after acquiring an additional 35 shares during the last quarter. IFP Advisors Inc grew its holdings in Mohawk Industries by 18.6% in the 2nd quarter. IFP Advisors Inc now owns 625 shares of the company’s stock worth $151,000 after acquiring an additional 98 shares during the last quarter. First Manhattan Co. bought a new stake in Mohawk Industries in the 2nd quarter worth $160,000. Finally, Bridgewater Wealth & Financial Management LLC bought a new stake in Mohawk Industries in the 2nd quarter worth $203,000. 76.19% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $270.00 price target on shares of Mohawk Industries in a report on Sunday, October 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $300.00 price target (up previously from $291.00) on shares of Mohawk Industries in a report on Monday, October 30th. J P Morgan Chase & Co raised their price target on shares of Mohawk Industries from $250.00 to $285.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Barclays PLC raised their price target on shares of Mohawk Industries from $285.00 to $301.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. Finally, Zacks Investment Research lowered shares of Mohawk Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $279.15.
In related news, Chairman Jeffrey S. Lorberbaum sold 19,700 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $254.95, for a total transaction of $5,022,515.00. Following the sale, the chairman now owns 21,396 shares of the company’s stock, valued at $5,454,910.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 17.00% of the company’s stock.
Shares of Mohawk Industries, Inc. (NYSE MHK) opened at $263.85 on Monday. Mohawk Industries, Inc. has a 52 week low of $189.44 and a 52 week high of $268.46. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.48. The company has a market cap of $19,610.00, a PE ratio of 19.62, a P/E/G ratio of 2.39 and a beta of 1.35.
Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, October 26th. The company reported $3.75 EPS for the quarter, topping the consensus estimate of $3.74 by $0.01. Mohawk Industries had a net margin of 10.37% and a return on equity of 16.03%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the firm posted $3.50 earnings per share. Mohawk Industries’s quarterly revenue was up 6.7% on a year-over-year basis. analysts expect that Mohawk Industries, Inc. will post 13.52 EPS for the current fiscal year.
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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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