Williams Jones & Associates LLC Has $44.64 Million Position in Mohawk Industries, Inc. (MHK)
Williams Jones & Associates LLC boosted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 239.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 184,702 shares of the company’s stock after purchasing an additional 130,252 shares during the period. Williams Jones & Associates LLC owned about 0.25% of Mohawk Industries worth $44,641,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MHK. Wilbanks Smith & Thomas Asset Management LLC increased its position in 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 in the last quarter. Riverhead Capital Management LLC lifted its position in shares of Mohawk Industries by 0.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,035 shares of the company’s stock valued at $492,000 after buying an additional 15 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Mohawk Industries by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,693 shares of the company’s stock valued at $1,134,000 after buying an additional 16 shares in the last quarter. ING Groep NV grew its stake in shares of Mohawk Industries by 0.4% during the 2nd quarter. ING Groep NV now owns 4,877 shares of the company’s stock valued at $1,179,000 after acquiring an additional 19 shares during the period. Finally, Bellwether Investment Group LLC grew its stake in shares of Mohawk Industries by 1.8% during the 2nd quarter. Bellwether Investment Group LLC now owns 1,366 shares of the company’s stock valued at $330,000 after acquiring an additional 24 shares during the period. Institutional investors own 76.93% of the company’s stock.
Mohawk Industries, Inc. (NYSE MHK) traded up 0.923% during trading on Monday, hitting $249.795. The stock had a trading volume of 225,711 shares. The company’s market cap is $18.57 billion. The company’s 50 day moving average is $251.35 and its 200-day moving average is $240.22. Mohawk Industries, Inc. has a 12 month low of $175.52 and a 12 month high of $259.91.
Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, July 27th. The company reported $3.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.60 by $0.12. Mohawk Industries had a net margin of 10.54% and a return on equity of 16.45%. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same period last year, the business earned $3.47 earnings per share. Mohawk Industries’s revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts predict that Mohawk Industries, Inc. will post $13.51 earnings per share for the current year.
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Several equities analysts have weighed in on the stock. ValuEngine raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Zacks Investment Research raised shares of Mohawk Industries from a “hold” rating to a “buy” rating and set a $268.00 target price for the company in a report on Tuesday, July 4th. BidaskClub downgraded Mohawk Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $267.00 price objective on shares of Mohawk Industries in a research note on Monday, July 24th. Finally, MKM Partners reiterated a “buy” rating and set a $286.00 target price (up previously from $255.00) on shares of Mohawk Industries in a research report on Wednesday, August 2nd. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Mohawk Industries currently has an average rating of “Buy” and an average target price of $268.09.
In related news, Chairman Jeffrey S. Lorberbaum sold 19,700 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chairman now directly owns 21,396 shares of the company’s stock, valued at approximately $5,454,910.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Rodney David Patton sold 137 shares of the business’s stock in a transaction dated 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 sale, the vice president now owns 6,924 shares in the company, valued at $1,708,704.72. The disclosure for this sale can be found here. 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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