Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 5.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,512 shares of the company’s stock after purchasing an additional 456 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Mohawk Industries were worth $2,354,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Riverhead Capital Management LLC boosted its position in Mohawk Industries by 0.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,035 shares of the company’s stock worth $492,000 after buying an additional 15 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Mohawk Industries by 0.3% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,693 shares of the company’s stock worth $1,134,000 after buying an additional 16 shares during the period. ING Groep NV boosted its position in Mohawk Industries by 0.4% during the 2nd quarter. ING Groep NV now owns 4,877 shares of the company’s stock worth $1,179,000 after buying an additional 19 shares during the period. Bellwether Investment Group LLC boosted its position in Mohawk Industries by 1.8% during the 2nd quarter. Bellwether Investment Group LLC now owns 1,366 shares of the company’s stock worth $330,000 after buying an additional 24 shares during the period. Finally, Calamos Wealth Management LLC boosted its position in Mohawk Industries by 0.7% during the 2nd quarter. Calamos Wealth Management LLC now owns 4,761 shares of the company’s stock worth $1,151,000 after buying an additional 34 shares during the period. 76.85% of the stock is currently owned by institutional investors.

In related news, Chairman Jeffrey S. Lorberbaum sold 19,700 shares of the business’s stock in a transaction on 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 transaction, the chairman now owns 21,396 shares in the company, valued at approximately $5,454,910.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.00% of the stock is currently owned by insiders.

Several equities research analysts recently commented on MHK shares. ValuEngine upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Royal Bank Of Canada reiterated a “buy” rating and set a $291.00 target price on shares of Mohawk Industries in a research report on Monday, July 31st. BidaskClub downgraded shares of Mohawk Industries from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Cleveland Research downgraded shares of Mohawk Industries from a “buy” rating to a “neutral” rating in a research report on Friday, September 22nd. Finally, J P Morgan Chase & Co lifted their target price on shares of Mohawk Industries from $250.00 to $285.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $279.15.

Mohawk Industries, Inc. (NYSE MHK) opened at $263.85 on Friday. The stock has a market cap of $19,665.82, a P/E ratio of 19.67, a PEG ratio of 2.39 and a beta of 1.35. Mohawk Industries, Inc. has a 1 year low of $189.44 and a 1 year high of $268.46. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.48 and a quick ratio of 0.77.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, October 26th. The company reported $3.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.74 by $0.01. The firm had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.46 billion. Mohawk Industries had a net margin of 10.37% and a return on equity of 16.03%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.50 EPS. equities research analysts forecast that Mohawk Industries, Inc. will post 13.52 earnings per share for the current fiscal year.

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

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