Aviva PLC Has $9.40 Million Stake in Mohawk Industries, Inc. (MHK)
Aviva PLC boosted its stake in Mohawk Industries, Inc. (NYSE:MHK) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,875 shares of the company’s stock after buying an additional 410 shares during the period. Aviva PLC owned approximately 0.05% of Mohawk Industries worth $9,396,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. IFP Advisors Inc raised its stake in Mohawk Industries by 5.6% in the first quarter. IFP Advisors Inc now owns 527 shares of the company’s stock valued at $121,000 after buying an additional 28 shares during the last quarter. First Personal Financial Services raised its stake in shares of Mohawk Industries by 6.6% in the second quarter. First Personal Financial Services now owns 568 shares of the company’s stock worth $137,000 after buying an additional 35 shares in the last quarter. First Manhattan Co. bought a new stake in shares of Mohawk Industries during the second quarter worth approximately $160,000. Meeder Asset Management Inc. bought a new stake in shares of Mohawk Industries during the first quarter worth approximately $179,000. Finally, Bridgewater Wealth & Financial Management LLC bought a new stake in shares of Mohawk Industries during the second quarter worth approximately $203,000. 76.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of Mohawk Industries, Inc. (NYSE MHK) opened at 247.06 on Monday. The firm’s market capitalization is $18.37 billion. Mohawk Industries, Inc. has a one year low of $175.52 and a one year high of $252.89. The firm’s 50-day moving average is $247.37 and its 200 day moving average is $236.51.
Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, July 27th. The company reported $3.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.60 by $0.12. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.45 billion. Mohawk Industries had a return on equity of 16.45% and a net margin of 10.54%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.47 earnings per share. Equities research analysts predict that Mohawk Industries, Inc. will post $13.52 earnings per share for the current year.
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A number of equities research analysts have commented on MHK shares. Royal Bank Of Canada reissued a “buy” rating and set a $291.00 price objective on shares of Mohawk Industries in a report on Monday, July 31st. BidaskClub raised shares of Mohawk Industries from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Mohawk Industries from a “hold” rating to a “buy” rating and set a $268.00 price objective on the stock in a report on Tuesday, July 4th. Stifel Nicolaus increased their price objective on shares of Mohawk Industries from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 1st. Finally, Credit Suisse Group began coverage on shares of Mohawk Industries in a report on Thursday, June 22nd. They set an “outperform” rating and a $274.00 price objective on the stock. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Mohawk Industries has a consensus rating of “Buy” and a consensus target price of $266.64.
In other Mohawk Industries news, VP Rodney David Patton sold 137 shares of Mohawk Industries stock in a transaction on Friday, August 11th. The stock was sold at an average price of $246.78, for a total transaction of $33,808.86. Following the completion of the transaction, the vice president now owns 6,924 shares in the company, valued at $1,708,704.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Cock Frans Georges De sold 1,000 shares of Mohawk Industries stock in a transaction on Monday, June 12th. The shares were sold at an average price of $238.27, for a total value of $238,270.00. Following the transaction, the director now owns 13,016 shares of the company’s stock, valued at approximately $3,101,322.32. The disclosure for this sale can be found here. Insiders have sold 7,724 shares of company stock valued at $1,857,577 in the last quarter. 17.00% of the stock is 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’ 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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