2 weeks Ago By Defense World Staff
LPL Financial LLC increased its holdings in Mohawk Industries, Inc. (NYSE:MHK – Free Report) by 11.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
The institutional investor owned 12,569 shares of the company’s stock after purchasing an additional 1,273 shares during the period. LPL Financial LLC’s holdings in Mohawk Industries were worth $1,497,000 at the end of the most recent reporting period. Several other hedge funds have also recently bought and sold shares of the business.
Contravisory Investment Management Inc. increased its holdings in shares of Mohawk Industries by 2.2% during the 4th quarter.
Contravisory Investment Management Inc. now owns 5,711 shares of the company’s stock valued at $680,000 after acquiring an additional 121 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Mohawk Industries by 1.
9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,874 shares of the company’s stock valued at $819,000 after purchasing an additional 130 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Mohawk Industries by 2.
5% in the fourth quarter. CIBC Asset Management Inc now owns 7,816 shares of the company’s stock valued at $931,000 after purchasing an additional 190 shares during the period. Versant Capital Management Inc lifted its stake in shares of Mohawk Industries by 71.
0% in the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock worth $64,000 after buying an additional 223 shares during the last quarter. Finally, Asset Management One Co.
Ltd. boosted its holdings in shares of Mohawk Industries by 24.4% during the 4th quarter.
Asset Management One Co. Ltd. now owns 1,248 shares of the company’s stock worth $148,000 after buying an additional 245 shares during the period.
78.98% of the stock is owned by institutional investors and hedge funds. Mohawk Industries Trading Up 1.
8 %Shares of MHK opened at $102.75 on Friday. Mohawk Industries, Inc.
has a 52-week low of $96.24 and a 52-week high of $164.29.
The company has a market cap of $6.42 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.
44 and a beta of 1.23. The company has a debt-to-equity ratio of 0.
22, a quick ratio of 1.12 and a current ratio of 2.06.
The stock has a fifty day moving average price of $113.34 and a two-hundred day moving average price of $127.51.
Mohawk Industries (NYSE:MHK – Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.
85 by $0.10. Mohawk Industries had a return on equity of 8.
04% and a net margin of 4.78%. Analysts predict that Mohawk Industries, Inc.
will post 9.8 EPS for the current fiscal year. Analyst Upgrades and DowngradesA number of research firms have weighed in on MHK.
Deutsche Bank Aktiengesellschaft started coverage on shares of Mohawk Industries in a research report on Tuesday, April 1st. They set a “hold” rating and a $121.00 target price for the company.
Robert W. Baird decreased their target price on Mohawk Industries from $160.00 to $152.
00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Evercore ISI dropped their price target on Mohawk Industries from $150.00 to $140.
00 and set an “in-line” rating on the stock in a research report on Monday, February 10th. Wolfe Research raised Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research report on Wednesday, January 8th.
Finally, Bank of America dropped their target price on shares of Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 10th.
Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Mohawk Industries has an average rating of “Moderate Buy” and an average target price of $142.57.
Check Out Our Latest Stock Report on Mohawk IndustriesInsiders Place Their BetsIn other news, insider Suzanne L. Helen sold 10,500 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $113.
44, for a total value of $1,191,120.00. Following the sale, the insider now directly owns 93,584 shares in the company, valued at $10,616,168.
96. The trade was a 10.09 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 17.40% of the company’s stock.
Mohawk Industries Company Profile (Free Report)Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.See AlsoFive stocks we like better than Mohawk IndustriesWhat is a buyback in stocks? A comprehensive guide for investorsTariff Exemptions Set the Stage for a Taiwan Semiconductor RallyFinancial Services Stocks InvestingMitigating Tariffs: 3 Stocks to Gain From a Weaker U.
S. DollarInvesting in Commodities: What Are They? How to Invest in ThemBroadcom’s Apple Relationship: AI Opportunity Meets Tariff RiskWant 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 – Free Report)..
