Mohawk Industries, Inc. (MHK) Position Lowered by WINTON GROUP Ltd
WINTON GROUP Ltd decreased its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 9.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,338 shares of the company’s stock after selling 556 shares during the quarter. WINTON GROUP Ltd’s holdings in Mohawk Industries were worth $1,321,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in MHK. JPMorgan Chase & Co. lifted its stake in shares of Mohawk Industries by 8.9% in the second quarter. JPMorgan Chase & Co. now owns 5,029,444 shares of the company’s stock worth $1,215,567,000 after acquiring an additional 412,942 shares in the last quarter. Wells Fargo & Company MN raised its stake in Mohawk Industries by 143.5% during the second quarter. Wells Fargo & Company MN now owns 596,358 shares of the company’s stock valued at $144,133,000 after buying an additional 351,457 shares in the last quarter. BlackRock Inc. raised its stake in Mohawk Industries by 5.8% during the second quarter. BlackRock Inc. now owns 4,575,453 shares of the company’s stock valued at $1,105,842,000 after buying an additional 250,944 shares in the last quarter. American Century Companies Inc. acquired a new stake in Mohawk Industries during the second quarter valued at approximately $53,508,000. Finally, Vanguard Group Inc. raised its stake in Mohawk Industries by 3.3% during the second quarter. Vanguard Group Inc. now owns 6,184,173 shares of the company’s stock valued at $1,494,654,000 after buying an additional 196,996 shares in the last quarter. Institutional investors and hedge funds own 76.59% of the company’s stock.
Shares of Mohawk Industries, Inc. (MHK) traded down $0.17 during trading on Tuesday, hitting $284.65. The stock had a trading volume of 872,400 shares, compared to its average volume of 486,109. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.48 and a quick ratio of 0.77. The firm has a market cap of $21,160.00, a PE ratio of 21.18, a price-to-earnings-growth ratio of 2.58 and a beta of 1.37. Mohawk Industries, Inc. has a fifty-two week low of $190.92 and a fifty-two week high of $286.85.
Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, October 26th. The company reported $3.75 earnings per share for the quarter, topping analysts’ consensus estimates of $3.74 by $0.01. The business had revenue of $2.45 billion for 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 business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.50 EPS. research analysts forecast that Mohawk Industries, Inc. will post 13.52 EPS for the current year.
Several analysts have issued reports on the company. J P Morgan Chase & Co upped their price objective on Mohawk Industries from $250.00 to $285.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Instinet restated a “buy” rating and set a $288.00 price objective (up previously from $280.00) on shares of Mohawk Industries in a research note on Saturday, September 30th. Cleveland Research cut Mohawk Industries from a “buy” rating to a “neutral” rating in a research note on Friday, September 22nd. SunTrust Banks restated a “buy” rating and set a $275.00 price objective on shares of Mohawk Industries in a research note on Friday, October 27th. Finally, Stifel Nicolaus restated a “buy” rating and set a $270.00 price objective on shares of Mohawk Industries in a research note on Sunday, October 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $281.42.
Mohawk Industries 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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