Ontario Teachers Pension Plan Board lifted its stake in Mohawk Industries, Inc. (NYSE:MHK) by 11.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 31,735 shares of the company’s stock after buying an additional 3,314 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Mohawk Industries were worth $8,756,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. NuWave Investment Management LLC purchased a new stake in shares of Mohawk Industries in the 4th quarter worth about $117,000. Cerebellum GP LLC purchased a new stake in shares of Mohawk Industries in the 4th quarter worth about $124,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Mohawk Industries in the 4th quarter worth about $124,000. Calton & Associates Inc. purchased a new stake in shares of Mohawk Industries in the 4th quarter worth about $171,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Mohawk Industries in the 4th quarter worth about $174,000. 78.49% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently commented on MHK. ValuEngine raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Zacks Investment Research raised shares of Mohawk Industries from a “hold” rating to a “buy” rating and set a $303.00 target price for the company in a research report on Monday, February 5th. Robert W. Baird dropped their target price on shares of Mohawk Industries from $312.00 to $300.00 and set an “outperform” rating for the company in a research report on Monday, February 12th. JPMorgan Chase & Co. raised their target price on shares of Mohawk Industries from $250.00 to $285.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Finally, Longbow Research raised shares of Mohawk Industries from a “neutral” rating to a “buy” rating in a research report on Monday, February 12th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $295.62.
Mohawk Industries, Inc. (NYSE MHK) opened at $247.07 on Wednesday. Mohawk Industries, Inc. has a 12-month low of $219.53 and a 12-month high of $286.85. The stock has a market cap of $18,562.17, a PE ratio of 19.03, a P/E/G ratio of 1.76 and a beta of 1.26. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.80 and a current ratio of 1.53.
Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, February 8th. The company reported $3.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.32 by $0.10. Mohawk Industries had a net margin of 10.24% and a return on equity of 15.44%. The company had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the company posted $3.26 EPS. Mohawk Industries’s revenue was up 8.5% on a year-over-year basis. equities analysts anticipate that Mohawk Industries, Inc. will post 15.54 earnings per share for the current year.
In other news, Director William Henry Runge III acquired 500 shares of Mohawk Industries stock in a transaction on Wednesday, February 14th. The stock was acquired at an average cost of $250.87 per share, for a total transaction of $125,435.00. Following the purchase, the director now owns 2,335 shares in the company, valued at $585,781.45. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chistopher Wellborn sold 8,707 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $252.00, for a total transaction of $2,194,164.00. The disclosure for this sale can be found here. 17.00% of the stock is currently owned by company insiders.
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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.
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