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Mohawk Industries, Inc. (NYSE:MHK) Shares Acquired by Pzena Investment Management LLC

Mohawk Industries logo with Consumer Discretionary background

Pzena Investment Management LLC raised its stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 2.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,115,944 shares of the company's stock after acquiring an additional 27,676 shares during the quarter. Pzena Investment Management LLC owned approximately 1.79% of Mohawk Industries worth $127,418,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of Mohawk Industries in the fourth quarter valued at about $4,891,000. Commonwealth Equity Services LLC acquired a new stake in shares of Mohawk Industries in the fourth quarter valued at about $482,000. Cibc World Markets Corp grew its stake in shares of Mohawk Industries by 45.2% in the fourth quarter. Cibc World Markets Corp now owns 5,908 shares of the company's stock valued at $704,000 after buying an additional 1,839 shares in the last quarter. Magnetar Financial LLC grew its stake in shares of 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 buying an additional 30,477 shares in the last quarter. Finally, Blueshift Asset Management LLC acquired a new stake in shares of Mohawk Industries in the fourth quarter valued at about $341,000. 78.98% of the stock is owned by institutional investors and hedge funds.

Mohawk Industries Stock Performance

Mohawk Industries stock traded down $0.05 during mid-day trading on Friday, hitting $111.20. 627,887 shares of the company's stock traded hands, compared to its average volume of 766,455. The firm has a 50 day moving average price of $105.34 and a 200 day moving average price of $111.41. The company has a quick ratio of 1.13, a current ratio of 2.01 and a debt-to-equity ratio of 0.22. The company has a market cap of $6.95 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 4.34 and a beta of 1.18. Mohawk Industries, Inc. has a one year low of $96.24 and a one year high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its 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 return on equity of 7.68% and a net margin of 4.54%. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the business earned $1.86 EPS. The firm's revenue for the quarter was down 5.7% on a year-over-year basis. On average, equities analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Mohawk Industries in a research note on Tuesday, April 1st. They set a "hold" rating and a $121.00 price objective for the company. Royal Bank Of Canada lowered their price objective on Mohawk Industries from $130.00 to $119.00 and set a "sector perform" rating for the company in a research note on Monday, May 5th. Barclays reduced 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. JPMorgan Chase & Co. reduced their target price on Mohawk Industries from $156.00 to $139.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Finally, Wells Fargo & Company increased their target price on Mohawk Industries from $105.00 to $115.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $140.71.

Read Our Latest Stock Analysis on Mohawk Industries

About Mohawk Industries

(Free Report)

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.

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

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