Fenimore Asset Management Inc. continued to hold its position in Mohawk Industries Inc. (NYSE:MHK) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 142,284 shares of the company’s stock at the end of the third quarter. Mohawk Industries makes up approximately 1.4% of Fenimore Asset Management Inc.’s holdings, making the stock its 28th largest position. Fenimore Asset Management Inc. owned about 0.19% of Mohawk Industries worth $28,505,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of MHK. Geode Capital Management LLC increased its position in Mohawk Industries by 2.1% in the first quarter. Geode Capital Management LLC now owns 505,530 shares of the company’s stock valued at $96,308,000 after buying an additional 10,534 shares during the last quarter. PCJ Investment Counsel Ltd. increased its position in Mohawk Industries by 53.3% in the first quarter. PCJ Investment Counsel Ltd. now owns 5,000 shares of the company’s stock valued at $954,000 after buying an additional 1,739 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Mohawk Industries during the first quarter valued at about $259,000. Rafferty Asset Management LLC increased its position in Mohawk Industries by 54.6% in the first quarter. Rafferty Asset Management LLC now owns 6,725 shares of the company’s stock valued at $1,284,000 after buying an additional 2,374 shares during the last quarter. Finally, BB&T Securities LLC increased its position in Mohawk Industries by 108.0% in the first quarter. BB&T Securities LLC now owns 40,395 shares of the company’s stock valued at $7,711,000 after buying an additional 20,978 shares during the last quarter. Institutional investors own 78.64% of the company’s stock.

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

Shares of Mohawk Industries Inc. (NYSE:MHK) traded up 2.10% during trading on Wednesday, hitting $196.03. 358,300 shares of the stock were exchanged. The firm has a 50 day moving average price of $205.77 and a 200 day moving average price of $199.70. The firm’s market capitalization is $14.54 billion. Mohawk Industries Inc. has a 52 week low of $148.56 and a 52 week high of $216.58.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, August 4th. The company reported $3.47 EPS for the quarter, beating the consensus estimate of $3.36 by $0.11. Mohawk Industries had a net margin of 9.65% and a return on equity of 17.22%. The firm had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the firm earned $2.69 EPS. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. Analysts forecast that Mohawk Industries Inc. will post $12.46 EPS for the current fiscal year.

Several brokerages have recently weighed in on MHK. MKM Partners lifted their target price on shares of Mohawk Industries from $244.00 to $246.00 and gave the company a “buy” rating in a research report on Monday, August 8th. Royal Bank Of Canada lifted their target price on shares of Mohawk Industries from $220.00 to $245.00 and gave the company an “outperform” rating in a research report on Monday, August 8th. Gabelli began coverage on shares of Mohawk Industries in a research report on Tuesday, August 9th. They set a “buy” rating on the stock. Zacks Investment Research upgraded shares of Mohawk Industries from a “sell” rating to a “hold” rating and set a $238.00 target price on the stock in a research report on Tuesday, August 9th. Finally, RBC Capital Markets reiterated an “outperform” rating and set a $245.00 target price (up from $220.00) on shares of Mohawk Industries in a research report on Wednesday, August 10th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Mohawk Industries has a consensus rating of “Buy” and an average price target of $224.75.

In other Mohawk Industries news, Director Cock Frans Georges De sold 3,734 shares of the firm’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $210.00, for a total value of $784,140.00. Following the transaction, the director now directly owns 6,266 shares of the company’s stock, valued at approximately $1,315,860. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Suzanne L. Helen sold 4,600 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $216.00, for a total transaction of $993,600.00. The disclosure for this sale can be found here. 17.10% of the stock is currently owned by company insiders.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’s manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile (LVT) and vinyl flooring. It operates in three segments: Global Ceramic, which designs, manufactures, sources, distributes and markets a line of ceramic tile, porcelain tile and natural stone products; Flooring North America (Flooring NA), which designs, manufactures, sources, distributes and markets carpet, laminate, carpet pad, rugs, hardwood and vinyl, including LVT, in a range of colors, textures and patterns, and Flooring Rest of the World (Flooring ROW), which designs, manufactures, sources, distributes and markets laminate, hardwood flooring, roofing elements, insulation boards, medium-density fiberboard, chipboards and vinyl flooring products.

5 Day Chart for NYSE:MHK

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