Oppenheimer & Co. Inc. acquired a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,808 shares of the company’s stock, valued at approximately $267,000.
Several other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in Mohawk Industries by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 844,953 shares of the company’s stock worth $98,658,000 after purchasing an additional 94,335 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Mohawk Industries by 19.7% during the first quarter. Janney Montgomery Scott LLC now owns 4,083 shares of the company’s stock worth $515,000 after acquiring an additional 671 shares during the last quarter. Janus Henderson Group PLC boosted its position in Mohawk Industries by 149.5% during the first quarter. Janus Henderson Group PLC now owns 39,891 shares of the company’s stock worth $5,032,000 after acquiring an additional 23,900 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its holdings in shares of Mohawk Industries by 2.2% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 7,732 shares of the company’s stock valued at $975,000 after purchasing an additional 170 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Mohawk Industries by 11.5% in the 1st quarter. Victory Capital Management Inc. now owns 16,454 shares of the company’s stock valued at $2,076,000 after purchasing an additional 1,702 shares during the last quarter. 84.95% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Filip Balcaen acquired 12,500 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were acquired at an average cost of $109.98 per share, for a total transaction of $1,374,750.00. Following the completion of the transaction, the director now directly owns 1,519 shares in the company, valued at approximately $167,059.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bruce Bruckmann acquired 2,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of $117.69 per share, for a total transaction of $235,380.00. Following the completion of the transaction, the director now owns 286,691 shares of the company’s stock, valued at $33,740,663.79. The disclosure for this purchase can be found here. 18.00% of the stock is currently owned by corporate insiders.
Shares of MHK stock traded up $0.38 during mid-day trading on Friday, hitting $125.79. The company’s stock had a trading volume of 149,973 shares, compared to its average volume of 621,157. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 2.48 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.66 and a current ratio of 1.30. Mohawk Industries, Inc. has a 52-week low of $108.93 and a 52-week high of $189.20. The business has a 50-day moving average price of $119.58 and a 200 day moving average price of $133.95.
Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.89 earnings per share for the quarter, topping analysts’ consensus estimates of $2.87 by $0.02. Mohawk Industries had a return on equity of 10.50% and a net margin of 7.79%. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the company posted $3.51 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. Equities research analysts predict that Mohawk Industries, Inc. will post 9.96 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on the stock. Loop Capital boosted their target price on shares of Mohawk Industries to $145.00 and gave the stock a “hold” rating in a research report on Friday, June 14th. Nomura reduced their price target on shares of Mohawk Industries from $176.00 to $167.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Buckingham Research upgraded shares of Mohawk Industries from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $115.00 to $117.00 in a report on Tuesday, July 30th. Wells Fargo & Co raised shares of Mohawk Industries from an “underperform” rating to a “market perform” rating and set a $115.00 target price for the company in a research report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. cut their target price on shares of Mohawk Industries from $130.00 to $118.00 and set an “underweight” rating for the company in a research note on Monday, July 29th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. Mohawk Industries has an average rating of “Hold” and an average target price of $141.41.
About Mohawk Industries
Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).
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