Dynamic Technology Lab Private Ltd raised its position in Mohawk Industries Inc. (NYSE:MHK) by 91.5% during the second quarter, Holdings Channel reports. The institutional investor owned 2,106 shares of the company’s stock after buying an additional 1,006 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Mohawk Industries were worth $400,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MHK. Norges Bank acquired a new position in Mohawk Industries during the fourth quarter worth about $108,114,000. Chevy Chase Trust Holdings Inc. raised its position in Mohawk Industries by 4.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 53,666 shares of the company’s stock worth $10,245,000 after buying an additional 2,268 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Mohawk Industries by 18.3% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 12,371 shares of the company’s stock worth $2,362,000 after buying an additional 1,915 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its position in Mohawk Industries by 8.7% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 15,486 shares of the company’s stock worth $2,956,000 after buying an additional 1,236 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its position in Mohawk Industries by 3.2% in the first quarter. Glenmede Trust Co. NA now owns 2,160 shares of the company’s stock worth $411,000 after buying an additional 66 shares in the last quarter. 78.64% of the stock is owned by institutional investors.

Shares of Mohawk Industries Inc. (NYSE:MHK) opened at 206.68 on Friday. The firm’s market cap is $15.33 billion. Mohawk Industries Inc. has a 52 week low of $148.56 and a 52 week high of $216.58. The firm’s 50-day moving average is $209.99 and its 200 day moving average is $198.16.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, August 4th. The company reported $3.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.36 by $0.11. Mohawk Industries had a return on equity of 17.22% and a net margin of 9.65%. The company earned $2.31 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the business earned $2.69 earnings per share. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. Equities research analysts forecast that Mohawk Industries Inc. will post $12.46 EPS for the current year.

MHK has been the subject of a number of recent research reports. Credit Suisse Group AG reissued a “buy” rating on shares of Mohawk Industries in a research report on Tuesday, June 28th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Mohawk Industries in a research report on Wednesday, July 6th. Zacks Investment Research lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. Royal Bank Of Canada raised their price target on shares of Mohawk Industries from $220.00 to $245.00 and gave the stock an “outperform” rating in a research report on Monday, August 8th. Finally, MKM Partners raised their price objective on shares of Mohawk Industries from $244.00 to $246.00 and gave the stock a “buy” rating in a research note on Monday, August 8th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $224.50.

In other news, insider Brian Carson sold 215 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $213.38, for a total transaction of $45,876.70. Following the completion of the sale, the insider now owns 30,929 shares in the company, valued at $6,599,630.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Rodney David Patton sold 1,555 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $212.50, for a total value of $330,437.50. Following the sale, the vice president now owns 6,772 shares of the company’s stock, valued at approximately $1,439,050. The disclosure for this sale can be found here. 17.10% of the stock is owned by company insiders.

About Mohawk Industries

Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’s manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile (LVT) and vinyl flooring. It operates in three segments: Global Ceramic, which designs, manufactures, sources, distributes and markets a line of ceramic tile, porcelain tile and natural stone products; Flooring North America (Flooring NA), which designs, manufactures, sources, distributes and markets carpet, laminate, carpet pad, rugs, hardwood and vinyl, including LVT, in a range of colors, textures and patterns, and Flooring Rest of the World (Flooring ROW), which designs, manufactures, sources, distributes and markets laminate, hardwood flooring, roofing elements, insulation boards, medium-density fiberboard, chipboards and vinyl flooring products.

5 Day Chart for NYSE:MHK

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