USA Financial Portformulas Corp acquired a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,959 shares of the company’s stock, valued at approximately $3,455,000.

A number of other hedge funds have also recently modified their holdings of the stock. Janus Henderson Group PLC lifted its holdings in Mohawk Industries by 399.2% during the 2nd quarter. Janus Henderson Group PLC now owns 34,392 shares of the company’s stock worth $8,312,000 after buying an additional 27,503 shares during the period. Aviva PLC lifted its stake in shares of Mohawk Industries by 1.1% in the 2nd quarter. Aviva PLC now owns 38,875 shares of the company’s stock valued at $9,396,000 after purchasing an additional 410 shares during the period. American Century Companies Inc. acquired a new position in shares of Mohawk Industries in the 2nd quarter valued at about $53,508,000. Utah Retirement Systems raised its stake in Mohawk Industries by 0.9% during the 2nd quarter. Utah Retirement Systems now owns 11,397 shares of the company’s stock worth $2,754,000 after buying an additional 100 shares during the period. Finally, Swiss National Bank raised its stake in Mohawk Industries by 3.2% during the 2nd quarter. Swiss National Bank now owns 230,474 shares of the company’s stock worth $55,703,000 after buying an additional 7,100 shares during the period. Institutional investors and hedge funds own 76.85% of the company’s stock.

Shares of Mohawk Industries, Inc. (MHK) traded down $0.82 during midday trading on Tuesday, hitting $260.26. 81,360 shares of the stock traded hands, compared to its average volume of 554,341. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.48 and a quick ratio of 0.77. Mohawk Industries, Inc. has a 52-week low of $189.44 and a 52-week high of $268.46. The stock has a market cap of $19,350.00, a PE ratio of 19.13, a price-to-earnings-growth ratio of 2.33 and a beta of 1.35.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, October 26th. The company reported $3.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.74 by $0.01. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.46 billion. Mohawk Industries had a return on equity of 16.03% and a net margin of 10.37%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.50 EPS. equities analysts forecast that Mohawk Industries, Inc. will post 13.49 EPS for the current fiscal year.

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

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A number of analysts have commented on the company. MKM Partners reissued a “buy” rating and set a $286.00 price objective (up from $255.00) on shares of Mohawk Industries in a report on Wednesday, August 2nd. BidaskClub lowered Mohawk Industries from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Northcoast Research started coverage on Mohawk Industries in a report on Thursday, October 5th. They set a “buy” rating and a $295.00 price objective for the company. Instinet restated a “buy” rating and set a $288.00 target price (up previously from $280.00) on shares of Mohawk Industries in a research report on Saturday, September 30th. Finally, Barclays PLC increased their price objective on Mohawk Industries from $285.00 to $301.00 and gave the stock an “overweight” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $279.15.

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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