Hound Partners LLC reduced its position in Mohawk Industries, Inc. (NYSE:MHK) by 7.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 728,053 shares of the company’s stock after selling 62,046 shares during the quarter. Mohawk Industries accounts for approximately 5.5% of Hound Partners LLC’s holdings, making the stock its 9th biggest holding. Hound Partners LLC owned approximately 0.98% of Mohawk Industries worth $200,870,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of Mohawk Industries by 10.4% during the fourth quarter. BlackRock Inc. now owns 5,046,157 shares of the company’s stock worth $1,392,234,000 after acquiring an additional 477,056 shares during the period. Ruane Cunniff & Goldfarb Inc. increased its position in shares of Mohawk Industries by 4.9% during the third quarter. Ruane Cunniff & Goldfarb Inc. now owns 1,377,558 shares of the company’s stock worth $340,959,000 after acquiring an additional 64,707 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Mohawk Industries by 4.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,119,683 shares of the company’s stock worth $277,137,000 after acquiring an additional 47,261 shares during the period. Wells Fargo & Company MN increased its position in shares of Mohawk Industries by 16.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,013,789 shares of the company’s stock worth $279,705,000 after acquiring an additional 141,022 shares during the period. Finally, Third Point LLC increased its position in shares of Mohawk Industries by 2.9% during the third quarter. Third Point LLC now owns 900,000 shares of the company’s stock worth $222,759,000 after acquiring an additional 25,000 shares during the period. 78.68% of the stock is currently owned by institutional investors.
MHK has been the topic of a number of research reports. Jefferies Group initiated coverage on shares of Mohawk Industries in a research report on Tuesday, December 12th. They set a “buy” rating and a $330.00 target price on the stock. ValuEngine raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Mohawk Industries from a “hold” rating to a “buy” rating and set a $310.00 target price on the stock in a research report on Monday, January 8th. Credit Suisse Group reaffirmed an “outperform” rating and set a $310.00 target price (up from $303.00) on shares of Mohawk Industries in a research report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Longbow Research raised shares of Mohawk Industries from a “neutral” rating to a “buy” rating in a research report on Monday, February 12th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $293.07.
Mohawk Industries, Inc. (NYSE:MHK) opened at $250.59 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.80 and a current ratio of 1.53. Mohawk Industries, Inc. has a one year low of $223.84 and a one year high of $286.85. The stock has a market cap of $18,452.30, a P/E ratio of 18.22, a PEG ratio of 1.74 and a beta of 1.37.
Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, February 8th. The company reported $3.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.32 by $0.10. Mohawk Industries had a net margin of 10.24% and a return on equity of 15.44%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the firm earned $3.26 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. analysts predict that Mohawk Industries, Inc. will post 15.66 EPS for the current year.
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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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