State of Wisconsin Investment Board Acquires 4,801 Shares of Mohawk Industries, Inc. (MHK)

State of Wisconsin Investment Board raised its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 8.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,721 shares of the company’s stock after buying an additional 4,801 shares during the period. State of Wisconsin Investment Board owned about 0.08% of Mohawk Industries worth $15,029,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Riverhead Capital Management LLC lifted its position in Mohawk Industries by 0.7% during the second quarter. Riverhead Capital Management LLC now owns 2,035 shares of the company’s stock valued at $492,000 after buying an additional 15 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Mohawk Industries by 0.3% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,693 shares of the company’s stock valued at $1,134,000 after buying an additional 16 shares in the last quarter. ING Groep NV lifted its position in Mohawk Industries by 0.4% during the second quarter. ING Groep NV now owns 4,877 shares of the company’s stock valued at $1,179,000 after buying an additional 19 shares in the last quarter. Bellwether Investment Group LLC lifted its position in Mohawk Industries by 1.8% during the second quarter. Bellwether Investment Group LLC now owns 1,366 shares of the company’s stock valued at $330,000 after buying an additional 24 shares in the last quarter. Finally, Calamos Wealth Management LLC lifted its position in Mohawk Industries by 0.7% during the second quarter. Calamos Wealth Management LLC now owns 4,761 shares of the company’s stock valued at $1,151,000 after buying an additional 34 shares in the last quarter. 76.19% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “State of Wisconsin Investment Board Acquires 4,801 Shares of Mohawk Industries, Inc. (MHK)” was first published by Markets Daily and is the property of of Markets Daily. If you are accessing this story on another site, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this story can be read at https://www.themarketsdaily.com/2017/11/14/state-of-wisconsin-investment-board-acquires-4801-shares-of-mohawk-industries-inc-mhk.html.

Shares of Mohawk Industries, Inc. (NYSE MHK) opened at $265.02 on Tuesday. The stock has a market cap of $19,609.34, a price-to-earnings ratio of 19.62, a P/E/G ratio of 2.39 and a beta of 1.35. The company has a quick ratio of 0.77, a current ratio of 1.48 and a debt-to-equity ratio of 0.23. Mohawk Industries, Inc. has a twelve month low of $189.44 and a twelve month high of $268.46.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, October 26th. The company reported $3.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $0.01. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.46 billion. Mohawk Industries had a net margin of 10.37% and a return on equity of 16.03%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.50 earnings per share. equities analysts predict that Mohawk Industries, Inc. will post 13.52 EPS for the current fiscal year.

In related news, Chairman Jeffrey S. Lorberbaum sold 19,700 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $254.95, for a total value of $5,022,515.00. Following the sale, the chairman now directly owns 21,396 shares of the company’s stock, valued at $5,454,910.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 17.00% of the company’s stock.

MHK has been the topic of a number of recent research reports. Royal Bank Of Canada reaffirmed a “buy” rating and set a $267.00 price target on shares of Mohawk Industries in a research report on Monday, July 24th. BidaskClub cut shares of Mohawk Industries from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. MKM Partners reaffirmed a “buy” rating and set a $286.00 price target (up from $255.00) on shares of Mohawk Industries in a research report on Wednesday, August 2nd. Zacks Investment Research cut shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company’s stock. Mohawk Industries has an average rating of “Buy” and an average target price of $279.15.

Mohawk Industries Company Profile

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.

Want to see what other hedge funds are holding MHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mohawk Industries, Inc. (NYSE:MHK).

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

Receive News & Ratings for Mohawk Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply