Mohawk Industries, Inc. (NYSE:MHK) Holdings Raised by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 249,470 shares of the company's stock after buying an additional 21,597 shares during the quarter. Victory Capital Management Inc. owned approximately 0.40% of Mohawk Industries worth $28,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of MHK. Norges Bank purchased a new stake in shares of Mohawk Industries during the fourth quarter worth about $61,171,000. Millennium Management LLC lifted its holdings in Mohawk Industries by 66.2% in the 4th quarter. Millennium Management LLC now owns 898,322 shares of the company's stock worth $107,017,000 after buying an additional 357,687 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Mohawk Industries by 35.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,366,517 shares of the company's stock worth $162,793,000 after buying an additional 354,656 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Mohawk Industries by 48.7% during the fourth quarter. American Century Companies Inc. now owns 958,818 shares of the company's stock valued at $114,224,000 after buying an additional 313,897 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Mohawk Industries by 12,165.8% during the first quarter. GAMMA Investing LLC now owns 310,570 shares of the company's stock valued at $35,461,000 after acquiring an additional 308,038 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors.

Mohawk Industries Price Performance

NYSE MHK traded up $6.06 during mid-day trading on Tuesday, hitting $115.39. The stock had a trading volume of 885,801 shares, compared to its average volume of 767,073. The firm's 50 day moving average is $105.34 and its 200 day moving average is $111.41. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.01 and a quick ratio of 1.13. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 4.34 and a beta of 1.18. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $164.29.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MHK shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Mohawk Industries in a research report on Tuesday, April 1st. They issued a "hold" rating and a $121.00 target price on the stock. Wall Street Zen downgraded shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. dropped their price target on Mohawk Industries from $156.00 to $139.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 6th. Wells Fargo & Company raised their price objective on Mohawk Industries from $105.00 to $115.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Finally, Barclays dropped their target price on Mohawk Industries from $115.00 to $111.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mohawk Industries has an average rating of "Moderate Buy" and a consensus target price of $140.71.

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.