Mohawk Industries, Inc. (NYSE:MHK) Holdings Lowered by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its position in Mohawk Industries, Inc. (NYSE:MHKFree Report) by 1.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 12,911 shares of the company’s stock after selling 200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Mohawk Industries were worth $1,474,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MHK. SG Americas Securities LLC grew its holdings in Mohawk Industries by 2,190.2% during the 1st quarter. SG Americas Securities LLC now owns 29,819 shares of the company’s stock worth $3,405,000 after acquiring an additional 28,517 shares during the last quarter. GAMMA Investing LLC boosted its position in Mohawk Industries by 7.4% during the first quarter. GAMMA Investing LLC now owns 2,720 shares of the company’s stock worth $311,000 after purchasing an additional 188 shares during the period. Olstein Capital Management L.P. lifted its holdings in shares of Mohawk Industries by 0.8% during the first quarter. Olstein Capital Management L.P. now owns 70,582 shares of the company’s stock worth $8,059,000 after buying an additional 582 shares in the last quarter. Wedge Capital Management L L P NC acquired a new position in Mohawk Industries in the first quarter valued at about $2,988,000. Finally, Czech National Bank raised its stake in Mohawk Industries by 5.9% in the first quarter. Czech National Bank now owns 12,033 shares of the company’s stock valued at $1,374,000 after purchasing an additional 671 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Trading Down 3.4%

Shares of NYSE MHK opened at $101.25 on Friday. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The firm has a market capitalization of $6.33 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.44 and a beta of 1.19. The company’s 50 day simple moving average is $104.16 and its 200 day simple moving average is $114.83.

Mohawk Industries (NYSE:MHKGet Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.11. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.56 billion. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. Mohawk Industries’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period last year, the firm earned $1.86 earnings per share. On average, analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Analyst Upgrades and Downgrades

MHK has been the topic of a number of research analyst reports. Barclays cut their price target on Mohawk Industries from $115.00 to $111.00 and set an “equal weight” rating on the stock in a report on Monday, May 5th. Wells Fargo & Company decreased their price target on Mohawk Industries from $130.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. dropped their price target on Mohawk Industries from $156.00 to $139.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. Deutsche Bank Aktiengesellschaft initiated coverage on Mohawk Industries in a report on Tuesday, April 1st. They set a “hold” rating and a $121.00 price target on the stock. Finally, Royal Bank of Canada decreased their price objective on Mohawk Industries from $130.00 to $119.00 and set a “sector perform” rating on the stock in a research note on Monday, May 5th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $140.00.

Check Out Our Latest Analysis on Mohawk Industries

Mohawk Industries 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.

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Institutional Ownership by Quarter for Mohawk Industries (NYSE:MHK)

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