Axa boosted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,306 shares of the company’s stock after purchasing an additional 406 shares during the quarter. Axa’s holdings in Mohawk Industries were worth $8,361,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Standard Life Aberdeen plc increased its holdings in shares of Mohawk Industries by 5,674.0% in the 4th quarter. Standard Life Aberdeen plc now owns 895,139 shares of the company’s stock valued at $246,982,000 after acquiring an additional 879,636 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Mohawk Industries by 10.4% in the 4th quarter. BlackRock Inc. now owns 5,046,157 shares of the company’s stock valued at $1,392,234,000 after acquiring an additional 477,056 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Mohawk Industries by 46.3% in the 3rd quarter. Wells Fargo & Company MN now owns 872,767 shares of the company’s stock valued at $216,018,000 after acquiring an additional 276,409 shares during the last quarter. KAMES CAPITAL plc increased its holdings in shares of Mohawk Industries by 1,816.2% in the 4th quarter. KAMES CAPITAL plc now owns 215,529 shares of the company’s stock valued at $59,467,000 after acquiring an additional 204,281 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Mohawk Industries by 181.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 285,883 shares of the company’s stock valued at $70,759,000 after acquiring an additional 184,283 shares during the last quarter. Institutional investors own 78.68% of the company’s stock.
In related news, Director William Henry Runge III acquired 500 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was bought at an average cost of $250.87 per share, with a total value of $125,435.00. Following the transaction, the director now owns 2,335 shares of the company’s stock, valued at $585,781.45. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Rodney David Patton sold 911 shares of the stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $236.00, for a total value of $214,996.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,263 shares of company stock valued at $8,027,859. Insiders own 17.00% of the company’s stock.
Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, February 8th. The company reported $3.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.10. The firm had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Mohawk Industries had a return on equity of 15.44% and a net margin of 10.24%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.26 EPS. research analysts anticipate that Mohawk Industries, Inc. will post 15.66 earnings per share for the current year.
MHK has been the topic of a number of recent analyst reports. ValuEngine upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded 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. Credit Suisse Group reiterated an “outperform” rating and issued a $310.00 price objective (up previously from $303.00) on shares of Mohawk Industries in a report on Monday, January 22nd. They noted that the move was a valuation call. Jefferies Group initiated coverage on Mohawk Industries in a report on Tuesday, December 12th. They issued a “buy” rating and a $330.00 price objective on the stock. Finally, Longbow Research upgraded Mohawk Industries from a “neutral” rating to a “buy” rating in a report on Monday, February 12th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Mohawk Industries has an average rating of “Buy” and an average target price of $293.07.
Mohawk Industries Company 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.
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