Mohawk Industries, Inc. (NYSE:MHK)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $255.94 and last traded at $255.60, with a volume of 411,008 shares traded. The stock had previously closed at $254.76.

A number of equities research analysts have recently issued reports on MHK shares. Royal Bank Of Canada reissued a “buy” rating and issued a $291.00 price target on shares of Mohawk Industries in a research note on Monday, July 31st. BidaskClub raised shares of Mohawk Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Mohawk Industries from a “hold” rating to a “buy” rating and set a $268.00 price target on the stock in a research note on Tuesday, July 4th. Credit Suisse Group started coverage on shares of Mohawk Industries in a research note on Thursday, June 22nd. They issued an “outperform” rating and a $274.00 price target on the stock. Finally, MKM Partners reissued a “buy” rating and issued a $286.00 price target (up from $255.00) on shares of Mohawk Industries in a research note on Wednesday, August 2nd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Mohawk Industries presently has an average rating of “Buy” and a consensus target price of $266.64.

The firm’s market capitalization is $18.77 billion. The firm’s 50-day moving average price is $248.49 and its 200 day moving average price is $238.48.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, July 27th. The company reported $3.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.60 by $0.12. Mohawk Industries had a net margin of 10.54% and a return on equity of 16.45%. The firm had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter last year, the firm posted $3.47 earnings per share. Mohawk Industries’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities analysts expect that Mohawk Industries, Inc. will post $13.52 EPS for the current fiscal year.

In other Mohawk Industries news, Chairman Jeffrey S. Lorberbaum sold 19,700 shares of the stock in a transaction that occurred 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 completion of the sale, the chairman now owns 21,396 shares of the company’s stock, valued at $5,454,910.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cock Frans Georges De sold 1,000 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $238.27, for a total transaction of $238,270.00. Following the completion of the sale, the director now directly owns 13,016 shares of the company’s stock, valued at approximately $3,101,322.32. The disclosure for this sale can be found here. Insiders sold 21,224 shares of company stock worth $5,388,248 in the last 90 days. 17.00% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of MHK. BlackRock Inc. grew its position in Mohawk Industries by 3,286.0% in the first quarter. BlackRock Inc. now owns 4,324,509 shares of the company’s stock valued at $992,431,000 after acquiring an additional 4,196,790 shares in the last quarter. Harbour Capital Advisors LLC grew its position in Mohawk Industries by 23,742.6% in the second quarter. Harbour Capital Advisors LLC now owns 1,006,397 shares of the company’s stock valued at $4,164,000 after acquiring an additional 1,002,176 shares in the last quarter. JPMorgan Chase & Co. grew its position in Mohawk Industries by 8.9% in the second quarter. JPMorgan Chase & Co. now owns 5,029,444 shares of the company’s stock valued at $1,215,567,000 after acquiring an additional 412,942 shares in the last quarter. Glenview Capital Management LLC acquired a new stake in Mohawk Industries in the first quarter valued at approximately $82,361,000. Finally, Wells Fargo & Company MN grew its position in Mohawk Industries by 143.5% in the second quarter. Wells Fargo & Company MN now owns 596,358 shares of the company’s stock valued at $144,133,000 after acquiring an additional 351,457 shares in the last quarter. 76.97% of the stock is owned by institutional investors.

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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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