Mitchell Capital Management Co. reduced its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 1.0% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 26,668 shares of the company’s stock after selling 259 shares during the period. Mohawk Industries makes up about 2.3% of Mitchell Capital Management Co.’s investment portfolio, making the stock its 18th largest position. Mitchell Capital Management Co.’s holdings in Mohawk Industries were worth $6,120,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Mohawk Industries by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 3,614 shares of the company’s stock valued at $722,000 after buying an additional 14 shares during the period. BTC Capital Management Inc. increased its position in shares of Mohawk Industries by 1.1% in the first quarter. BTC Capital Management Inc. now owns 1,265 shares of the company’s stock worth $289,000 after buying an additional 14 shares in the last quarter. IFP Advisors Inc increased its position in shares of Mohawk Industries by 5.6% in the first quarter. IFP Advisors Inc now owns 527 shares of the company’s stock worth $121,000 after buying an additional 28 shares in the last quarter. SRB Corp increased its position in shares of Mohawk Industries by 5.5% in the third quarter. SRB Corp now owns 743 shares of the company’s stock worth $149,000 after buying an additional 39 shares in the last quarter. Finally, Columbia Asset Management increased its position in shares of Mohawk Industries by 3.1% in the third quarter. Columbia Asset Management now owns 1,324 shares of the company’s stock worth $265,000 after buying an additional 40 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.
Shares of Mohawk Industries, Inc. (NYSE MHK) traded up 0.81% during midday trading on Monday, hitting $243.88. The company had a trading volume of 180,304 shares. Mohawk Industries, Inc. has a 12-month low of $175.52 and a 12-month high of $245.90. The firm’s 50-day moving average is $235.75 and its 200-day moving average is $222.02. The firm’s market capitalization is $18.13 billion.
Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, April 27th. The company reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.01. Mohawk Industries had a return on equity of 13.60% and a net margin of 9.05%. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the company posted $2.38 EPS. Mohawk Industries’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, analysts predict that Mohawk Industries, Inc. will post $13.34 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: This story was posted by BBNS and is owned by of BBNS. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://baseballnewssource.com/markets/mitchell-capital-management-co-has-6-12-million-position-in-mohawk-industries-inc-mhk-updated-updated-updated/804421.html.
A number of equities research analysts recently commented on the stock. Nomura assumed coverage on shares of Mohawk Industries in a research note on Wednesday, April 12th. They issued a “buy” rating and a $280.00 price objective on the stock. Stifel Nicolaus raised their price target on shares of Mohawk Industries from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. Barclays PLC raised their price target on shares of Mohawk Industries from $251.00 to $272.00 and gave the stock an “overweight” rating in a research note on Monday, March 20th. MKM Partners reaffirmed a “buy” rating and set a $255.00 price target on shares of Mohawk Industries in a research note on Tuesday, April 18th. Finally, BidaskClub raised shares of Mohawk Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 14th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $256.50.
In related news, Director Cock Frans Georges De sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $238.27, for a total transaction of $238,270.00. Following the transaction, the director now directly owns 13,016 shares of the company’s stock, valued at approximately $3,101,322.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Suzanne L. Helen sold 6,200 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $240.62, for a total value of $1,491,844.00. The disclosure for this sale can be found here. Insiders sold a total of 7,587 shares of company stock worth $1,823,768 over the last three months. 17.10% of the stock is owned by company insiders.
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.
Receive News & Ratings for Mohawk Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries Inc. and related companies with our FREE daily email newsletter.