Everence Capital Management Inc. Has $257,000 Position in Mohawk Industries, Inc. (MHK)
Everence Capital Management Inc. decreased its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 47.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,064 shares of the company’s stock after selling 960 shares during the period. Everence Capital Management Inc.’s holdings in Mohawk Industries were worth $257,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Mohawk Industries by 3,286.0% in the first quarter. BlackRock Inc. now owns 4,324,509 shares of the company’s stock worth $992,431,000 after buying an additional 4,196,790 shares during the period. Harbour Capital Advisors LLC boosted its position in Mohawk Industries by 23,742.6% in the second quarter. Harbour Capital Advisors LLC now owns 1,006,397 shares of the company’s stock worth $4,164,000 after buying an additional 1,002,176 shares during the period. Glenview Capital Management LLC purchased a new position in Mohawk Industries during the first quarter worth $82,361,000. Morgan Stanley boosted its position in Mohawk Industries by 159.5% in the first quarter. Morgan Stanley now owns 353,581 shares of the company’s stock worth $81,141,000 after buying an additional 217,330 shares during the period. Finally, Vanguard Group Inc. boosted its position in Mohawk Industries by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,987,177 shares of the company’s stock worth $1,373,997,000 after buying an additional 185,698 shares during the period. Institutional investors own 76.50% of the company’s stock.
Shares of Mohawk Industries, Inc. (MHK) opened at 249.58 on Wednesday. The firm has a 50-day moving average of $246.89 and a 200-day moving average of $235.86. Mohawk Industries, Inc. has a one year low of $175.52 and a one year high of $252.89. The company’s market capitalization is $18.55 billion.
Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, July 27th. The company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.60 by $0.12. Mohawk Industries had a net margin of 10.54% and a return on equity of 16.45%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same period in the previous year, the firm earned $3.47 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. Analysts forecast that Mohawk Industries, Inc. will post $13.52 earnings per share for the current year.
A number of research analysts recently weighed in on MHK shares. BidaskClub upgraded shares of Mohawk Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating and set a $268.00 target price on the stock in a research note on Tuesday, July 4th. Royal Bank Of Canada restated a “buy” rating and set a $267.00 target price on shares of Mohawk Industries in a research note on Monday, May 1st. Stifel Nicolaus lifted their target price on shares of Mohawk Industries from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Finally, Credit Suisse Group started coverage on shares of Mohawk Industries in a research note on Thursday, June 22nd. They set an “outperform” rating and a $274.00 target price on the stock. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $266.64.
In related news, insider Suzanne L. Helen sold 6,200 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $240.62, for a total value of $1,491,844.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Cock Frans Georges De sold 1,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $238.27, for a total transaction of $238,270.00. Following the completion of the sale, the director now owns 13,016 shares in the company, valued at $3,101,322.32. The disclosure for this sale can be found here. Insiders sold a total of 7,724 shares of company stock worth $1,857,577 over the last quarter. Insiders own 17.10% of the company’s stock.
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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