2,091 Shares in Mohawk Industries, Inc. (NYSE:MHK) Bought by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC bought a new position in Mohawk Industries, Inc. (NYSE:MHK) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,091 shares of the company’s stock, valued at approximately $239,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in Mohawk Industries in the 4th quarter worth about $4,891,000. Commonwealth Equity Services LLC bought a new position in shares of Mohawk Industries during the fourth quarter valued at approximately $482,000. Cibc World Markets Corp boosted its stake in shares of Mohawk Industries by 45.2% during the fourth quarter. Cibc World Markets Corp now owns 5,908 shares of the company’s stock valued at $704,000 after purchasing an additional 1,839 shares in the last quarter. Magnetar Financial LLC boosted its stake in Mohawk Industries by 353.1% in the fourth quarter. Magnetar Financial LLC now owns 39,108 shares of the company’s stock valued at $4,659,000 after acquiring an additional 30,477 shares in the last quarter. Finally, Blueshift Asset Management LLC acquired a new stake in Mohawk Industries in the fourth quarter valued at approximately $341,000. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Trading Up 2.2%

Shares of MHK stock opened at $111.37 on Friday. The company has a market cap of $6.96 billion, a P/E ratio of 14.58, a PEG ratio of 4.25 and a beta of 1.18. The stock has a 50 day simple moving average of $105.25 and a two-hundred day simple moving average of $111.55. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.13 and a current ratio of 2.01. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, May 1st. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.11. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Mohawk Industries had a return on equity of 7.68% and a net margin of 4.54%. Mohawk Industries’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.86 earnings per share. Research analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MHK. Wells Fargo & Company raised their target price on shares of Mohawk Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Royal Bank Of Canada cut their price objective on shares of Mohawk Industries from $130.00 to $119.00 and set a “sector perform” rating for the company in a report on Monday, May 5th. Wall Street Zen lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Deutsche Bank Aktiengesellschaft began coverage on shares of Mohawk Industries in a research report on Tuesday, April 1st. They issued a “hold” rating and a $121.00 price objective on the stock. Finally, Barclays lowered their target price on shares of Mohawk Industries from $115.00 to $111.00 and set an “equal weight” rating for the company in a report on Monday, May 5th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $140.71.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.