Seeyond decreased its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 21.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,671 shares of the company’s stock after selling 1,507 shares during the period. Seeyond’s holdings in Mohawk Industries were worth $836,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Norinchukin Bank The increased its stake in shares of Mohawk Industries by 0.7% during the first quarter. Norinchukin Bank The now owns 11,664 shares of the company’s stock valued at $1,471,000 after buying an additional 81 shares during the period. Retirement Systems of Alabama increased its stake in shares of Mohawk Industries by 0.3% during the second quarter. Retirement Systems of Alabama now owns 28,707 shares of the company’s stock valued at $4,233,000 after buying an additional 88 shares during the period. TD Asset Management Inc. increased its stake in shares of Mohawk Industries by 0.6% during the first quarter. TD Asset Management Inc. now owns 18,469 shares of the company’s stock valued at $2,330,000 after buying an additional 111 shares during the period. Commonwealth Bank of Australia increased its stake in shares of Mohawk Industries by 1.1% during the second quarter. Commonwealth Bank of Australia now owns 10,702 shares of the company’s stock valued at $1,573,000 after buying an additional 117 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Mohawk Industries by 0.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,883 shares of the company’s stock valued at $1,900,000 after buying an additional 118 shares during the period. Institutional investors and hedge funds own 84.95% of the company’s stock.

MHK has been the topic of several research reports. Zacks Investment Research lowered Mohawk Industries from a “hold” rating to a “sell” rating and set a $131.00 price target on the stock. in a research note on Thursday, August 1st. Stifel Nicolaus set a $145.00 price target on Mohawk Industries and gave the company a “buy” rating in a research note on Friday, August 16th. Loop Capital raised their price target on Mohawk Industries to $145.00 and gave the company a “hold” rating in a research note on Friday, June 14th. National Securities initiated coverage on Mohawk Industries in a research note on Thursday, July 11th. They set a “buy” rating on the stock. Finally, Wells Fargo & Co upgraded Mohawk Industries from an “underperform” rating to a “market perform” rating and set a $115.00 price target on the stock in a research note on Tuesday, August 20th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $141.41.

In other Mohawk Industries news, Director Filip Balcaen acquired 12,500 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of $109.98 per share, for a total transaction of $1,374,750.00. Following the completion of the transaction, the director now directly owns 1,519 shares of the company’s stock, valued at $167,059.62. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Bruce Bruckmann acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average price of $117.69 per share, with a total value of $235,380.00. Following the completion of the transaction, the director now directly owns 286,691 shares of the company’s stock, valued at $33,740,663.79. The disclosure for this purchase can be found here. 18.00% of the stock is currently owned by company insiders.

MHK stock traded up $1.03 during trading on Friday, reaching $126.44. 20,688 shares of the company traded hands, compared to its average volume of 621,157. Mohawk Industries, Inc. has a 12 month low of $108.93 and a 12 month high of $189.20. The business has a 50 day simple moving average of $119.58 and a 200 day simple moving average of $133.95. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 2.48 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.66 and a current ratio of 1.30.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, July 25th. The company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $2.87 by $0.02. The business had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.65 billion. Mohawk Industries had a return on equity of 10.50% and a net margin of 7.79%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned $3.51 earnings per share. As a group, research analysts forecast that Mohawk Industries, Inc. will post 9.96 EPS for the current year.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

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

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