Mohawk Industries, Inc. (NYSE:MHK) Stock Holdings Lifted by Creative Planning

Creative Planning lifted its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 7.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,914 shares of the company’s stock after purchasing an additional 207 shares during the period. Creative Planning’s holdings in Mohawk Industries were worth $331,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Quest Partners LLC increased its holdings in shares of Mohawk Industries by 40.0% in the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after acquiring an additional 84 shares during the period. Texas Permanent School Fund Corp increased its stake in Mohawk Industries by 0.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 10,927 shares of the company’s stock valued at $1,430,000 after buying an additional 98 shares during the period. State of Michigan Retirement System increased its stake in Mohawk Industries by 0.7% during the 2nd quarter. State of Michigan Retirement System now owns 14,545 shares of the company’s stock valued at $1,652,000 after buying an additional 100 shares during the period. Quent Capital LLC increased its stake in Mohawk Industries by 27.2% during the 1st quarter. Quent Capital LLC now owns 496 shares of the company’s stock valued at $65,000 after buying an additional 106 shares during the period. Finally, Fifth Third Bancorp increased its stake in Mohawk Industries by 7.0% during the 2nd quarter. Fifth Third Bancorp now owns 2,343 shares of the company’s stock valued at $266,000 after buying an additional 154 shares during the period. 78.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Rodney David Patton sold 755 shares of Mohawk Industries stock in a transaction on Monday, July 29th. The stock was sold at an average price of $162.78, for a total transaction of $122,898.90. Following the completion of the sale, the vice president now owns 12,299 shares of the company’s stock, valued at approximately $2,002,031.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Rodney David Patton sold 755 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $162.78, for a total value of $122,898.90. Following the completion of the transaction, the vice president now owns 12,299 shares of the company’s stock, valued at $2,002,031.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Suzanne L. Helen sold 660 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $151.46, for a total value of $99,963.60. Following the completion of the transaction, the insider now directly owns 118,709 shares of the company’s stock, valued at approximately $17,979,665.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,415 shares of company stock valued at $673,387 over the last ninety days. 17.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on MHK. Loop Capital raised their target price on shares of Mohawk Industries from $145.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Robert W. Baird raised their target price on shares of Mohawk Industries from $132.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Barclays lifted their price objective on shares of Mohawk Industries from $118.00 to $161.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Jefferies Financial Group lifted their price objective on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Mohawk Industries from $124.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Mohawk Industries presently has an average rating of “Moderate Buy” and an average price target of $163.25.

Mohawk Industries Trading Down 1.1 %

NYSE:MHK opened at $159.20 on Friday. Mohawk Industries, Inc. has a twelve month low of $76.02 and a twelve month high of $164.05. The company has a quick ratio of 1.04, a current ratio of 1.92 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $153.58 and a two-hundred day moving average price of $132.35. The company has a market cap of $10.17 billion, a P/E ratio of -24.34, a price-to-earnings-growth ratio of 1.23 and a beta of 1.37.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, July 25th. The company reported $3.00 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $0.25. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.84 billion. Mohawk Industries had a positive return on equity of 8.07% and a negative net margin of 3.30%. The business’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.76 EPS. As a group, analysts expect that Mohawk Industries, Inc. will post 10 EPS for the current fiscal year.

Mohawk Industries 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.