Virtu KCG Holdings LLC raised its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 283.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,205 shares of the company’s stock after purchasing an additional 3,108 shares during the quarter. Virtu KCG Holdings LLC’s holdings in Mohawk Industries were worth $1,016,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. UBS Asset Management Americas Inc. boosted its stake in shares of Mohawk Industries by 7.4% during the first quarter. UBS Asset Management Americas Inc. now owns 176,151 shares of the company’s stock worth $40,425,000 after buying an additional 12,139 shares during the period. Mutual of America Capital Management LLC grew its holdings in shares of Mohawk Industries by 7.0% during the first quarter. Mutual of America Capital Management LLC now owns 7,484 shares of the company’s stock worth $1,718,000 after buying an additional 487 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Mohawk Industries by 3.6% during the first quarter. Pacer Advisors Inc. now owns 1,266 shares of the company’s stock worth $291,000 after buying an additional 44 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Mohawk Industries by 56.0% during the first quarter. Stifel Financial Corp now owns 9,078 shares of the company’s stock worth $2,085,000 after buying an additional 3,257 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in shares of Mohawk Industries by 72.2% during the first quarter. Neuberger Berman Group LLC now owns 62,055 shares of the company’s stock worth $14,241,000 after buying an additional 26,022 shares during the last quarter. Institutional investors own 76.93% of the company’s stock.

Several analysts have commented on MHK shares. ValuEngine raised Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. BidaskClub upgraded Mohawk Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research upgraded Mohawk Industries from a “hold” rating to a “buy” rating and set a $268.00 price target for the company in a research note on Tuesday, July 4th. Cleveland Research downgraded Mohawk Industries from a “buy” rating to a “neutral” rating in a report on Friday, September 22nd. Finally, Credit Suisse Group initiated coverage on shares of Mohawk Industries in a research report on Thursday, June 22nd. They issued an “outperform” rating and a $274.00 price objective on the stock. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $268.09.

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Shares of Mohawk Industries, Inc. (NYSE MHK) opened at 247.51 on Monday. The firm’s market cap is $18.40 billion. Mohawk Industries, Inc. has a 12-month low of $175.52 and a 12-month high of $259.91. The firm has a 50-day moving average price of $251.35 and a 200-day moving average price of $240.22.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, July 27th. The company reported $3.72 earnings per share for the quarter, beating the consensus estimate of $3.60 by $0.12. Mohawk Industries had a return on equity of 16.45% and a net margin of 10.54%. The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the previous year, the business earned $3.47 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, equities research analysts expect that Mohawk Industries, Inc. will post $13.51 earnings per share for the current fiscal year.

In other Mohawk Industries news, Chairman Jeffrey S. Lorberbaum sold 19,700 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $254.95, for a total transaction of $5,022,515.00. Following the sale, the chairman now directly owns 21,396 shares in the company, valued at approximately $5,454,910.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Rodney David Patton sold 137 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $246.78, for a total transaction of $33,808.86. Following the sale, the vice president now owns 6,924 shares in the company, valued at $1,708,704.72. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by company insiders.

Mohawk Industries 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.

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

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