Exxonmobil Investment Management Inc. TX Has $2.77 Million Position in Mohawk Industries, Inc. (MHK)

Exxonmobil Investment Management Inc. TX lessened its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 12.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,047 shares of the company’s stock after selling 1,492 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Mohawk Industries were worth $2,772,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Sun Life Financial INC grew its position in shares of Mohawk Industries by 5,675.0% in the second quarter. Sun Life Financial INC now owns 462 shares of the company’s stock valued at $112,000 after purchasing an additional 454 shares during the period. Virtu Financial LLC acquired a new stake in shares of Mohawk Industries in the third quarter valued at about $206,000. Teacher Retirement System of Texas acquired a new stake in shares of Mohawk Industries in the third quarter valued at about $212,000. Captrust Financial Advisors acquired a new stake in shares of Mohawk Industries in the second quarter valued at about $217,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Mohawk Industries in the second quarter valued at about $221,000. Institutional investors own 76.52% of the company’s stock.

Mohawk Industries, Inc. (MHK) opened at $274.07 on Friday. 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 cap of $20,194.24, a PE ratio of 21.25, a PEG ratio of 2.23 and a beta of 1.37. Mohawk Industries, Inc. has a 52 week low of $200.74 and a 52 week high of $286.85.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, October 26th. The company reported $3.75 earnings per share for the quarter, topping the Thomson Reuters’ 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 period last year, the firm posted $3.50 earnings per share. research analysts anticipate that Mohawk Industries, Inc. will post 13.52 EPS for the current year.

Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Jefferies Group assumed coverage on shares of Mohawk Industries in a research report on Tuesday, December 12th. They issued a “buy” rating and a $330.00 target price on the stock. Barclays lifted their target price on shares of Mohawk Industries from $285.00 to $301.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Mohawk Industries from $250.00 to $285.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $292.83.

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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.

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

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