Capital Analysts LLC lowered its position in Mohawk Industries, Inc. (NYSE:MHK) by 16.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,613 shares of the company’s stock after selling 2,325 shares during the period. Capital Analysts LLC’s holdings in Mohawk Industries were worth $2,665,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its position in shares of Mohawk Industries by 3.5% in the third quarter. Great West Life Assurance Co. Can now owns 47,503 shares of the company’s stock worth $9,509,000 after buying an additional 1,624 shares in the last quarter. Shell Asset Management Co. boosted its position in shares of Mohawk Industries by 26.0% in the third quarter. Shell Asset Management Co. now owns 5,631 shares of the company’s stock worth $1,128,000 after buying an additional 1,161 shares in the last quarter. World Asset Management Inc boosted its position in shares of Mohawk Industries by 1.2% in the third quarter. World Asset Management Inc now owns 6,320 shares of the company’s stock worth $1,266,000 after buying an additional 73 shares in the last quarter. Capital Fund Management S.A. boosted its position in shares of Mohawk Industries by 4.9% in the third quarter. Capital Fund Management S.A. now owns 2,327 shares of the company’s stock worth $466,000 after buying an additional 108 shares in the last quarter. Finally, Virginia Retirement Systems ET AL boosted its position in shares of Mohawk Industries by 18.7% in the third quarter. Virginia Retirement Systems ET AL now owns 49,500 shares of the company’s stock worth $9,917,000 after buying an additional 7,800 shares in the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Mohawk Industries, Inc. (NYSE:MHK) traded down 0.23% during midday trading on Friday, reaching $241.93. 349,636 shares of the company’s stock traded hands. The stock has a 50 day moving average of $235.75 and a 200-day moving average of $222.02. The stock’s market cap is $17.98 billion. Mohawk Industries, Inc. has a 12 month low of $175.52 and a 12 month high of $245.90.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, April 27th. The company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.01. Mohawk Industries had a net margin of 10.65% and a return on equity of 16.88%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the firm earned $2.38 earnings per share. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts forecast that Mohawk Industries, Inc. will post $13.34 EPS for the current fiscal year.

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A number of brokerages have recently weighed in on MHK. BidaskClub raised shares of Mohawk Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Royal Bank of Canada reissued a “buy” rating and set a $267.00 price target on shares of Mohawk Industries in a research report on Monday, May 1st. Stifel Nicolaus lifted their price target on shares of Mohawk Industries from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 1st. MKM Partners reissued a “buy” rating and set a $255.00 price target on shares of Mohawk Industries in a research report on Tuesday, April 18th. Finally, Barclays PLC lifted their price target on shares of Mohawk Industries from $251.00 to $272.00 and gave the stock an “overweight” rating in a research report on Monday, March 20th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $256.50.

In related news, insider Suzanne L. Helen sold 6,200 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $240.62, for a total transaction of $1,491,844.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Cock Frans Georges De sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $238.27, for a total transaction of $238,270.00. Following the transaction, the director now directly owns 13,016 shares in the company, valued at $3,101,322.32. The disclosure for this sale can be found here. 17.10% of the stock is currently owned by company 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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