Mohawk Industries, Inc. (MHK) Shares Bought by Sciencast Management LP

Sciencast Management LP grew its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 569.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,156 shares of the company’s stock after purchasing an additional 5,237 shares during the period. Mohawk Industries makes up about 0.8% of Sciencast Management LP’s holdings, making the stock its 20th largest position. Sciencast Management LP’s holdings in Mohawk Industries were worth $1,499,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of MHK. NuWave Investment Management LLC acquired a new position in shares of Mohawk Industries during the 4th quarter worth $117,000. Rockefeller Capital Management L.P. acquired a new position in shares of Mohawk Industries during the 1st quarter worth $161,000. Tower Research Capital LLC TRC acquired a new position in shares of Mohawk Industries during the 4th quarter worth $174,000. Commerzbank Aktiengesellschaft FI acquired a new position in shares of Mohawk Industries during the 1st quarter worth $206,000. Finally, Cornerstone Advisors Inc. raised its stake in shares of Mohawk Industries by 36.1% during the 1st quarter. Cornerstone Advisors Inc. now owns 886 shares of the company’s stock worth $206,000 after buying an additional 235 shares during the last quarter. Institutional investors own 78.05% of the company’s stock.

In other news, Director Filip Balcaen bought 66,199 shares of the business’s stock in a transaction that occurred on Tuesday, May 1st. The stock was purchased at an average price of $209.08 per share, with a total value of $13,840,886.92. Following the purchase, the director now owns 776 shares of the company’s stock, valued at approximately $162,246.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 102,157 shares of company stock valued at $21,387,408 in the last three months. 16.80% of the stock is currently owned by corporate insiders.

Several research analysts have recently issued reports on the company. Robert W. Baird set a $272.00 price target on Mohawk Industries and gave the stock a “buy” rating in a research note on Monday, April 30th. Barclays set a $278.00 price target on Mohawk Industries and gave the stock a “buy” rating in a research note on Monday, April 30th. Stifel Nicolaus cut their price target on Mohawk Industries from $300.00 to $290.00 and set a “buy” rating for the company in a research note on Monday, April 30th. Loop Capital cut their price target on Mohawk Industries to $227.00 and set a “hold” rating for the company in a research note on Friday, April 27th. Finally, Credit Suisse Group cut their price target on Mohawk Industries from $310.00 to $275.00 and set a “buy” rating for the company in a research note on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $279.67.

Shares of Mohawk Industries opened at $210.31 on Thursday, MarketBeat Ratings reports. Mohawk Industries, Inc. has a twelve month low of $202.75 and a twelve month high of $286.85. The stock has a market capitalization of $15.74 billion, a P/E ratio of 15.45, a PEG ratio of 1.34 and a beta of 1.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.54 and a quick ratio of 0.81.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, April 26th. The company reported $3.01 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.01. Mohawk Industries had a net margin of 10.12% and a return on equity of 15.05%. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the company posted $2.72 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. analysts expect that Mohawk Industries, Inc. will post 15.42 EPS for the current year.

Mohawk Industries 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).

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

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