Boston Common Asset Management LLC raised its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,228 shares of the company’s stock after purchasing an additional 1,104 shares during the period. Boston Common Asset Management LLC’s holdings in Mohawk Industries were worth $6,685,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. NuWave Investment Management LLC acquired a new position in shares of Mohawk Industries during the fourth quarter worth $117,000. Cerebellum GP LLC acquired a new position in shares of Mohawk Industries during the fourth quarter worth $124,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Mohawk Industries during the fourth quarter worth $124,000. Calton & Associates Inc. acquired a new position in shares of Mohawk Industries during the fourth quarter worth $171,000. Finally, Daiwa SB Investments Ltd. acquired a new position in shares of Mohawk Industries during the fourth quarter worth $199,000. 76.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of Mohawk Industries, Inc. (NYSE MHK) opened at $249.46 on Monday. The firm has a market cap of $18,539.87, a price-to-earnings ratio of 18.33, a PEG ratio of 2.04 and a beta of 1.26. The company has a current ratio of 1.48, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23. Mohawk Industries, Inc. has a 1-year low of $209.90 and a 1-year high of $286.85.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, February 8th. The company reported $3.42 earnings per share for the quarter, beating analysts’ consensus estimates of $3.32 by $0.10. Mohawk Industries had a net margin of 10.24% and a return on equity of 15.82%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the company earned $3.26 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. analysts predict that Mohawk Industries, Inc. will post 14.98 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Mohawk Industries from $285.00 to $301.00 and gave the company an “overweight” rating in a report on Monday, October 30th. ValuEngine raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Credit Suisse Group reissued an “outperform” rating and set a $310.00 price objective (up from $303.00) on shares of Mohawk Industries in a report on Monday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research raised shares of Mohawk Industries from a “hold” rating to a “buy” rating and set a $310.00 price objective on the stock in a report on Monday, January 8th. Finally, Nomura set a $300.00 price objective on shares of Mohawk Industries and gave the company a “buy” rating in a report on Friday, October 27th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $295.25.

COPYRIGHT VIOLATION WARNING: “Mohawk Industries, Inc. (MHK) Stake Boosted by Boston Common Asset Management LLC” was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://theolympiareport.com/2018/02/12/mohawk-industries-inc-mhk-stake-boosted-by-boston-common-asset-management-llc.html.

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.

Want to see what other hedge funds are holding MHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mohawk Industries, Inc. (NYSE:MHK).

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

Receive News & Ratings for Mohawk Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries and related companies with MarketBeat.com's FREE daily email newsletter.