SG Americas Securities LLC lifted its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 2,190.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,819 shares of the company's stock after buying an additional 28,517 shares during the quarter. SG Americas Securities LLC's holdings in Mohawk Industries were worth $3,405,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in MHK. Vanguard Group Inc. increased its position in Mohawk Industries by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,229,786 shares of the company's stock worth $742,154,000 after purchasing an additional 20,327 shares in the last quarter. JPMorgan Chase & Co. increased its position in Mohawk Industries by 6.3% during the 4th quarter. JPMorgan Chase & Co. now owns 3,215,616 shares of the company's stock worth $383,076,000 after purchasing an additional 191,077 shares in the last quarter. Invesco Ltd. increased its position in Mohawk Industries by 16.3% during the 4th quarter. Invesco Ltd. now owns 1,725,383 shares of the company's stock worth $205,545,000 after purchasing an additional 241,448 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in 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 valued at $162,793,000 after buying an additional 354,656 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Mohawk Industries by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,298,260 shares of the company's stock valued at $154,488,000 after buying an additional 22,736 shares during the period. Institutional investors and hedge funds own 78.98% of the company's stock.
Analysts Set New Price Targets
Several analysts have commented on MHK shares. Wall Street Zen cut Mohawk Industries from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Wells Fargo & Company decreased their target price on Mohawk Industries from $130.00 to $105.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Deutsche Bank Aktiengesellschaft started coverage on Mohawk Industries in a report on Tuesday, April 1st. They set a "hold" rating and a $121.00 target price for the company. Royal Bank Of Canada decreased their target price on Mohawk Industries from $130.00 to $119.00 and set a "sector perform" rating for the company in a report on Monday, May 5th. Finally, Barclays decreased their target price on Mohawk Industries from $115.00 to $111.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. Seven 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $140.00.
Get Our Latest Report on MHK
Mohawk Industries Stock Performance
Shares of NYSE:MHK traded down $4.67 on Tuesday, hitting $98.40. The company's stock had a trading volume of 1,441,738 shares, compared to its average volume of 764,394. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $164.29. The company has a market capitalization of $6.15 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 3.98 and a beta of 1.19. The stock's 50-day moving average is $104.04 and its two-hundred day moving average is $114.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.13 and a current ratio of 2.01.
Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $1.52 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the prior year, the business posted $1.86 earnings per share. The company's revenue for the quarter was down 5.7% compared to the same quarter last year. On average, equities research analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.
Mohawk Industries Company Profile
(
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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