Newbrook Capital Advisors LP lifted its stake in Mohawk Industries, Inc. (NYSE:MHK) by 405.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,175 shares of the company’s stock after purchasing an additional 154,932 shares during the period. Mohawk Industries accounts for about 3.7% of Newbrook Capital Advisors LP’s investment portfolio, making the stock its 11th biggest holding. Newbrook Capital Advisors LP owned about 0.26% of Mohawk Industries worth $46,688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Sciencast Management LP purchased a new stake in shares of Mohawk Industries in the 2nd quarter worth about $814,000. Janus Henderson Group PLC lifted its position in shares of Mohawk Industries by 399.2% in the 2nd quarter. Janus Henderson Group PLC now owns 34,392 shares of the company’s stock worth $8,312,000 after purchasing an additional 27,503 shares during the period. Fred Alger Management Inc. lifted its position in shares of Mohawk Industries by 37.0% in the 2nd quarter. Fred Alger Management Inc. now owns 9,500 shares of the company’s stock worth $2,296,000 after purchasing an additional 2,566 shares during the period. Cramer Rosenthal Mcglynn LLC lifted its position in shares of Mohawk Industries by 0.3% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 349,969 shares of the company’s stock worth $84,584,000 after purchasing an additional 1,129 shares during the period. Finally, Williams Jones & Associates LLC lifted its position in shares of Mohawk Industries by 239.2% in the 2nd quarter. Williams Jones & Associates LLC now owns 184,702 shares of the company’s stock worth $44,641,000 after purchasing an additional 130,252 shares during the period. 76.93% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the stock. ValuEngine raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. BidaskClub cut shares of Mohawk Industries from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research raised shares of Mohawk Industries from a “hold” rating to a “buy” rating and set a $268.00 price target for the company in a research report on Tuesday, July 4th. Royal Bank Of Canada reissued a “buy” rating and set a $267.00 price target on shares of Mohawk Industries in a research report on Monday, July 24th. Finally, MKM Partners reissued a “buy” rating and set a $286.00 price target (up from $255.00) on shares of Mohawk Industries in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $270.33.

In other Mohawk Industries news, VP Rodney David Patton sold 137 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $246.78, for a total transaction of $33,808.86. Following the completion of the transaction, the vice president now directly owns 6,924 shares of the company’s stock, valued at approximately $1,708,704.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Jeffrey S. Lorberbaum sold 19,700 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $254.95, for a total transaction of $5,022,515.00. Following the transaction, the chairman now directly owns 21,396 shares of the company’s stock, valued at $5,454,910.20. The disclosure for this sale can be found here. Company insiders own 17.00% of the company’s stock.

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Shares of Mohawk Industries, Inc. (MHK) traded down 0.041% on Friday, reaching $256.035. 189,302 shares of the company’s stock traded hands. Mohawk Industries, Inc. has a 12-month low of $175.52 and a 12-month high of $259.91. The stock has a 50-day moving average price of $251.50 and a 200-day moving average price of $241.82. The company’s market cap is $19.03 billion.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, July 27th. The company reported $3.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.60 by $0.12. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.45 billion. Mohawk Industries had a net margin of 10.54% and a return on equity of 16.45%. Mohawk Industries’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $3.47 EPS. Equities research analysts anticipate that Mohawk Industries, Inc. will post $13.50 EPS for the current fiscal year.

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.

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

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