Magnetar Financial LLC lowered its stake in Mohawk Industries, Inc. (NYSE:MHK) by 42.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,024 shares of the company’s stock after selling 2,949 shares during the quarter. Magnetar Financial LLC’s holdings in Mohawk Industries were worth $996,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of Mohawk Industries by 8.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,029,444 shares of the company’s stock worth $1,215,567,000 after acquiring an additional 412,942 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Mohawk Industries by 143.5% during the 2nd quarter. Wells Fargo & Company MN now owns 596,358 shares of the company’s stock worth $144,133,000 after acquiring an additional 351,457 shares during the period. BlackRock Inc. raised its holdings in shares of Mohawk Industries by 5.8% during the 2nd quarter. BlackRock Inc. now owns 4,575,453 shares of the company’s stock worth $1,105,842,000 after acquiring an additional 250,944 shares during the period. American Century Companies Inc. purchased a new position in shares of Mohawk Industries during the 2nd quarter worth $53,508,000. Finally, Vanguard Group Inc. raised its holdings in Mohawk Industries by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 6,184,173 shares of the company’s stock valued at $1,494,654,000 after buying an additional 196,996 shares during the period. 76.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Mohawk Industries, Inc. (MHK) traded up $0.25 on Monday, reaching $280.57. The company had a trading volume of 376,300 shares, compared to its average volume of 485,082. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.48 and a quick ratio of 0.77. The firm has a market capitalization of $20,780.00, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 2.54 and a beta of 1.37. Mohawk Industries, Inc. has a 52-week low of $196.50 and a 52-week high of $286.85.

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

Several brokerages recently issued reports on MHK. Nomura restated a “buy” rating and issued a $288.00 price objective (up from $280.00) on shares of Mohawk Industries in a report on Thursday, September 28th. J P Morgan Chase & Co lifted their target price on Mohawk Industries from $250.00 to $285.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Instinet reaffirmed a “buy” rating and issued a $288.00 target price (up from $280.00) on shares of Mohawk Industries in a research report on Saturday, September 30th. SunTrust Banks reaffirmed a “buy” rating and issued a $275.00 target price on shares of Mohawk Industries in a research report on Friday, October 27th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $270.00 target price on shares of Mohawk Industries in a research report on Sunday, October 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Mohawk Industries currently has a consensus rating of “Buy” and a consensus target price of $281.42.

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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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