Asset Management One Co. Ltd. grew its position in Mohawk Industries, Inc. (NYSE:MHK) by 0.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 98,302 shares of the company’s stock after buying an additional 470 shares during the period. Asset Management One Co. Ltd. owned 0.13% of Mohawk Industries worth $24,333,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Sun Life Financial INC boosted its stake in Mohawk Industries by 5,675.0% in the 2nd quarter. Sun Life Financial INC now owns 462 shares of the company’s stock worth $112,000 after purchasing an additional 454 shares in the last quarter. First Personal Financial Services boosted its stake in Mohawk Industries by 6.6% in the 2nd quarter. First Personal Financial Services now owns 568 shares of the company’s stock worth $137,000 after purchasing an additional 35 shares in the last quarter. IFP Advisors Inc boosted its stake in Mohawk Industries by 18.6% in the 2nd quarter. IFP Advisors Inc now owns 625 shares of the company’s stock worth $151,000 after purchasing an additional 98 shares in the last quarter. Bridgewater Wealth & Financial Management LLC acquired a new stake in Mohawk Industries in the 2nd quarter worth approximately $203,000. Finally, Teacher Retirement System of Texas acquired a new stake in Mohawk Industries in the 3rd quarter worth approximately $212,000. Institutional investors and hedge funds own 76.59% of the company’s stock.

Shares of Mohawk Industries, Inc. (NYSE:MHK) traded down $3.20 during midday trading on Tuesday, reaching $277.37. 388,600 shares of the company’s stock traded hands, compared to its average volume of 484,676. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.48. Mohawk Industries, Inc. has a twelve month low of $196.50 and a twelve month high of $286.85. The firm has a market cap of $20,851.97, a PE ratio of 20.86, a price-to-earnings-growth ratio of 2.54 and a beta of 1.37.

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

MHK has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Cleveland Research cut shares of Mohawk Industries from a “buy” rating to a “neutral” rating in a research note on Friday, September 22nd. Nomura reiterated a “buy” rating and issued a $288.00 target price (up from $280.00) on shares of Mohawk Industries in a research note on Thursday, September 28th. Instinet reiterated a “buy” rating and issued a $288.00 target price (up from $280.00) on shares of Mohawk Industries in a research note on Saturday, September 30th. Finally, Northcoast Research initiated coverage on shares of Mohawk Industries in a research note on Thursday, October 5th. They issued a “buy” rating and a $295.00 target price for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $281.42.

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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.

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

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