CHURCHILL MANAGEMENT Corp raised its stake in Mohawk Industries, Inc. (NYSE:MHK) by 4.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,208 shares of the company’s stock after acquiring an additional 1,241 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in Mohawk Industries were worth $7,507,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its holdings in Mohawk Industries by 399.2% in the 2nd quarter. Janus Henderson Group PLC now owns 34,392 shares of the company’s stock valued at $8,312,000 after acquiring an additional 27,503 shares during the period. Quantbot Technologies LP bought a new position in Mohawk Industries in the 3rd quarter valued at about $5,281,000. IBM Retirement Fund raised its holdings in Mohawk Industries by 72.4% in the 3rd quarter. IBM Retirement Fund now owns 1,593 shares of the company’s stock valued at $436,000 after acquiring an additional 669 shares during the period. Parametric Portfolio Associates LLC raised its holdings in Mohawk Industries by 10.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 105,131 shares of the company’s stock valued at $26,021,000 after acquiring an additional 9,896 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in Mohawk Industries by 6.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 126,396 shares of the company’s stock valued at $31,284,000 after acquiring an additional 7,688 shares during the period. 76.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Mohawk Industries, Inc. (NYSE:MHK) traded down $0.37 during trading hours on Thursday, hitting $271.72. 664,768 shares of the company’s stock were exchanged, compared to its average volume of 566,421. Mohawk Industries, Inc. has a 1 year low of $199.90 and a 1 year high of $286.85. The firm has a market cap of $20,160.00, a price-to-earnings ratio of 21.05, a PEG ratio of 2.29 and a beta of 1.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.48.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, October 26th. The company reported $3.75 earnings per share (EPS) for the quarter, topping the Zacks’ 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 firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the business posted $3.50 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. analysts forecast that Mohawk Industries, Inc. will post 13.52 earnings per share for the current fiscal year.

MHK has been the topic of several research analyst reports. Barclays increased their price target on shares of Mohawk Industries from $285.00 to $301.00 and gave the company an “overweight” rating in a report on Monday, October 30th. Zacks Investment Research lowered shares of Mohawk Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. ValuEngine upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Northcoast Research began coverage on shares of Mohawk Industries in a research report on Thursday, October 5th. They set a “buy” rating and a $295.00 target price on the stock. Finally, Nomura set a $300.00 target price on shares of Mohawk Industries and gave the stock a “buy” rating in a research report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $292.83.

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

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