Cubist Systematic Strategies LLC increased its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 126.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,295 shares of the company’s stock after purchasing an additional 2,960 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Mohawk Industries were worth $1,311,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Riverhead Capital Management LLC lifted its position in Mohawk Industries by 0.7% during the second quarter. Riverhead Capital Management LLC now owns 2,035 shares of the company’s stock worth $492,000 after purchasing an additional 15 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Mohawk Industries by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,693 shares of the company’s stock worth $1,134,000 after acquiring an additional 16 shares during the last quarter. Bellwether Investment Group LLC lifted its holdings in shares of Mohawk Industries by 1.8% in the second quarter. Bellwether Investment Group LLC now owns 1,366 shares of the company’s stock worth $330,000 after acquiring an additional 24 shares during the last quarter. Calamos Wealth Management LLC lifted its holdings in shares of Mohawk Industries by 0.7% in the second quarter. Calamos Wealth Management LLC now owns 4,761 shares of the company’s stock worth $1,151,000 after acquiring an additional 34 shares during the last quarter. Finally, First Personal Financial Services lifted its holdings in shares of Mohawk Industries by 6.6% in the second 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. 76.59% of the stock is owned by institutional investors and hedge funds.

Mohawk Industries, Inc. (NYSE:MHK) opened at $274.71 on Monday. Mohawk Industries, Inc. has a 52 week low of $196.50 and a 52 week high of $286.85. The company has a quick ratio of 0.77, a current ratio of 1.48 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $20,416.45, a P/E ratio of 20.42, a PEG ratio of 2.49 and a beta of 1.37.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, October 26th. The company reported $3.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.74 by $0.01. Mohawk Industries had a return on equity of 16.03% and a net margin of 10.37%. The company had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.46 billion. During the same quarter in the prior year, the firm posted $3.50 earnings per share. The firm’s revenue was up 6.7% compared to the same quarter last year. analysts expect that Mohawk Industries, Inc. will post 13.52 EPS for the current fiscal year.

MHK has been the subject of a number of research reports. ValuEngine raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Stifel Nicolaus reissued a “buy” rating and issued a $270.00 target price on shares of Mohawk Industries in a report on Sunday, October 29th. Nomura set a $300.00 target price on shares of Mohawk Industries and gave the stock a “buy” rating in a report on Friday, October 27th. SunTrust Banks reissued a “buy” rating and issued a $275.00 target price on shares of Mohawk Industries in a report on Friday, October 27th. Finally, Northcoast Research initiated coverage on shares of Mohawk Industries in a report on Thursday, October 5th. They issued a “buy” rating and a $295.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $289.33.

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

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