EFG Asset Management Americas Corp. boosted its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 5.4% in the fourth quarter, Holdings Channel reports. The firm owned 9,553 shares of the company’s stock after purchasing an additional 487 shares during the period. EFG Asset Management Americas Corp.’s holdings in Mohawk Industries were worth $2,636,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NuWave Investment Management LLC acquired a new stake in Mohawk Industries during the fourth quarter valued at $117,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Mohawk Industries during the fourth quarter valued at $124,000. Cerebellum GP LLC acquired a new stake in Mohawk Industries during the fourth quarter valued at $124,000. Calton & Associates Inc. acquired a new stake in Mohawk Industries during the fourth quarter valued at $171,000. Finally, Daiwa SB Investments Ltd. acquired a new stake in Mohawk Industries during the fourth quarter valued at $199,000. 76.51% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on MHK shares. Stifel Nicolaus reissued a “buy” rating and set a $270.00 price objective on shares of Mohawk Industries in a research report on Sunday, October 29th. Nomura set a $300.00 price objective on Mohawk Industries and gave the company a “buy” rating in a research report on Friday, October 27th. SunTrust Banks reissued a “buy” rating and set a $275.00 price objective on shares of Mohawk Industries in a research report on Friday, October 27th. Zacks Investment Research raised Mohawk Industries from a “hold” rating to a “buy” rating and set a $310.00 price objective for the company in a research report on Monday, January 8th. Finally, ValuEngine raised Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Mohawk Industries presently has a consensus rating of “Buy” and an average target price of $295.25.

Shares of Mohawk Industries, Inc. (NYSE:MHK) opened at $249.46 on Monday. Mohawk Industries, Inc. has a 12-month low of $209.90 and a 12-month high of $286.85. The firm has a market capitalization of $18,539.88, a PE ratio of 19.22, a price-to-earnings-growth ratio of 2.04 and a beta of 1.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.53 and a quick ratio of 0.80.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, February 8th. The company reported $3.42 earnings per share for the quarter, topping analysts’ consensus estimates of $3.32 by $0.10. Mohawk Industries had a return on equity of 15.44% and a net margin of 10.24%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the firm earned $3.26 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. sell-side analysts expect that Mohawk Industries, Inc. will post 14.98 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for Mohawk Industries (NYSE:MHK)

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