Mohawk Industries, Inc. (MHK) Shares Bought by Fisher Asset Management LLC
Fisher Asset Management LLC increased its stake in Mohawk Industries, Inc. (NYSE:MHK) by 14.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,546 shares of the company’s stock after purchasing an additional 201 shares during the quarter. Fisher Asset Management LLC’s holdings in Mohawk Industries were worth $383,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in Mohawk Industries by 399.2% in the second 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. Aviva PLC lifted its holdings in Mohawk Industries by 1.1% in the second quarter. Aviva PLC now owns 38,875 shares of the company’s stock worth $9,396,000 after purchasing an additional 410 shares during the period. American Century Companies Inc. acquired a new stake in Mohawk Industries in the second quarter worth about $53,508,000. Utah Retirement Systems lifted its holdings in Mohawk Industries by 0.9% in the second quarter. Utah Retirement Systems now owns 11,397 shares of the company’s stock worth $2,754,000 after purchasing an additional 100 shares during the period. Finally, Swiss National Bank lifted its holdings in Mohawk Industries by 3.2% in the second quarter. Swiss National Bank now owns 230,474 shares of the company’s stock worth $55,703,000 after purchasing an additional 7,100 shares during the period. 76.91% of the stock is owned by institutional investors and hedge funds.
Shares of Mohawk Industries, Inc. (NYSE:MHK) opened at 261.76 on Wednesday. The firm’s market capitalization is $19.46 billion. Mohawk Industries, Inc. has a one year low of $175.52 and a one year high of $268.46. The firm has a 50-day moving average of $256.12 and a 200-day moving average of $245.99.
Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, October 26th. The company reported $3.75 EPS for the quarter, topping the Zacks’ consensus estimate of $3.74 by $0.01. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.46 billion. Mohawk Industries had a return on equity of 16.03% and a net margin of 10.37%. The company’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the company earned $3.50 earnings per share. On average, equities analysts predict that Mohawk Industries, Inc. will post $13.50 earnings per share for the current fiscal year.
In related news, VP Rodney David Patton sold 137 shares of Mohawk Industries stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $246.78, for a total value of $33,808.86. Following the completion of the sale, the vice president now directly owns 6,924 shares in the company, valued at $1,708,704.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Jeffrey S. Lorberbaum sold 19,700 shares of Mohawk Industries stock in a transaction dated 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 sale, the chairman now owns 21,396 shares of the company’s stock, valued at $5,454,910.20. The disclosure for this sale can be found here. 17.00% of the stock is owned by company insiders.
Several equities research analysts recently weighed in on MHK shares. ValuEngine raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Cleveland Research downgraded shares of Mohawk Industries from a “buy” rating to a “neutral” rating in a report on Friday, September 22nd. Zacks Investment Research downgraded shares of Mohawk Industries from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. BidaskClub raised shares of Mohawk Industries from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $267.00 price objective on shares of Mohawk Industries in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. Mohawk Industries has an average rating of “Buy” and an average target price of $279.15.
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.
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