AMF Pensionsforsakring AB maintained its position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the second quarter, according to its most recent filing with the SEC. The firm owned 172,954 shares of the company’s stock at the end of the second quarter. AMF Pensionsforsakring AB’s holdings in Mohawk Industries were worth $39,691,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. Washington Trust Bank raised its position in shares of Mohawk Industries by 81.1% in the first quarter. Washington Trust Bank now owns 480 shares of the company’s stock valued at $110,000 after buying an additional 215 shares during the period. IFP Advisors Inc raised its position in shares of Mohawk Industries by 5.6% in the first quarter. IFP Advisors Inc now owns 527 shares of the company’s stock valued at $121,000 after buying an additional 28 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Mohawk Industries during the first quarter valued at approximately $179,000. Bahl & Gaynor Inc. acquired a new position in shares of Mohawk Industries during the first quarter valued at approximately $202,000. Finally, King Luther Capital Management Corp acquired a new position in shares of Mohawk Industries during the first quarter valued at approximately $225,000. 77.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of Mohawk Industries, Inc. (NYSE MHK) traded down 0.66% during mid-day trading on Tuesday, hitting $242.42. The company had a trading volume of 638,881 shares. Mohawk Industries, Inc. has a 52-week low of $175.52 and a 52-week high of $249.61. The stock’s 50-day moving average is $243.64 and its 200-day moving average is $230.38. The stock’s market cap is $18.02 billion.
Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, April 27th. The company reported $2.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.71 by $0.01. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.27 billion. Mohawk Industries had a return on equity of 16.88% and a net margin of 10.65%. Mohawk Industries’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.38 earnings per share. Equities analysts forecast that Mohawk Industries, Inc. will post $13.37 earnings per share for the current year.
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Several equities analysts have recently commented on the company. BidaskClub lowered Mohawk Industries from a “strong-buy” rating to a “buy” rating in a research note on Monday. Royal Bank Of Canada reiterated a “buy” rating and issued a $267.00 price objective on shares of Mohawk Industries in a report on Monday. Zacks Investment Research upgraded Mohawk Industries from a “hold” rating to a “buy” rating and set a $268.00 price objective on the stock in a report on Tuesday, July 4th. Credit Suisse Group started coverage on Mohawk Industries in a report on Thursday, June 22nd. They issued an “outperform” rating and a $274.00 price objective on the stock. Finally, Stifel Nicolaus boosted their price objective on Mohawk Industries from $250.00 to $260.00 and gave the company a “buy” rating in a report on Monday, May 1st. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Mohawk Industries presently has a consensus rating of “Buy” and an average target price of $260.67.
In other Mohawk Industries news, Director Cock Frans Georges De sold 1,000 shares of Mohawk Industries stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $238.27, for a total value of $238,270.00. Following the completion of the transaction, the director now directly owns 13,016 shares in the company, valued at $3,101,322.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Rodney David Patton sold 387 shares of Mohawk Industries stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $242.00, for a total value of $93,654.00. Following the completion of the transaction, the vice president now owns 7,061 shares of the company’s stock, valued at $1,708,762. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,587 shares of company stock valued at $1,823,768. 17.10% of the stock is currently owned by insiders.
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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