Utah Retirement Systems raised its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 0.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,397 shares of the company’s stock after buying an additional 100 shares during the period. Utah Retirement Systems’ holdings in Mohawk Industries were worth $2,754,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MHK. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in shares of Mohawk Industries by 0.7% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 1,519 shares of the company’s stock worth $349,000 after buying an additional 11 shares during the last quarter. ING Groep NV boosted its stake in shares of Mohawk Industries by 0.4% in the second quarter. ING Groep NV now owns 4,877 shares of the company’s stock worth $1,179,000 after buying an additional 19 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Mohawk Industries by 5.6% in the first quarter. IFP Advisors Inc now owns 527 shares of the company’s stock worth $121,000 after buying an additional 28 shares during the last quarter. Cleararc Capital Inc. boosted its stake in shares of Mohawk Industries by 2.3% in the first quarter. Cleararc Capital Inc. now owns 1,550 shares of the company’s stock worth $356,000 after buying an additional 35 shares during the last quarter. Finally, First Personal Financial Services boosted its stake 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 buying an additional 35 shares during the last quarter. Institutional investors own 76.97% of the company’s stock.

Shares of Mohawk Industries, Inc. (MHK) opened at 250.85 on Thursday. The stock’s market cap is $18.65 billion. The stock’s 50 day moving average is $247.37 and its 200 day moving average is $236.51. Mohawk Industries, Inc. has a 52-week low of $175.52 and a 52-week high of $252.89.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, July 27th. The company reported $3.72 EPS for the quarter, topping the Zacks’ consensus estimate of $3.60 by $0.12. Mohawk Industries had a return on equity of 16.45% and a net margin of 10.54%. The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period in the previous year, the company posted $3.47 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities research analysts forecast that Mohawk Industries, Inc. will post $13.52 earnings per share for the current year.

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A number of analysts recently commented on the stock. BidaskClub cut shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. Zacks Investment Research cut shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $267.00 target price on shares of Mohawk Industries in a research note on Monday, July 24th. MKM Partners reiterated a “buy” rating and issued a $286.00 target price (up from $255.00) on shares of Mohawk Industries in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group assumed coverage on shares of Mohawk Industries in a research note on Thursday, June 22nd. They issued an “outperform” rating and a $274.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $266.64.

In other news, VP Rodney David Patton sold 137 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was 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 $1,708,704.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Cock Frans Georges De sold 1,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $238.27, for a total value of $238,270.00. Following the transaction, the director now directly owns 13,016 shares of the company’s stock, valued at $3,101,322.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,724 shares of company stock valued at $1,857,577. Corporate insiders own 17.00% of the company’s stock.

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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