Zions Bancorporation Has $795,000 Holdings in Mohawk Industries, Inc. (MHK)
Zions Bancorporation raised its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 6.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,210 shares of the company’s stock after purchasing an additional 196 shares during the quarter. Zions Bancorporation’s holdings in Mohawk Industries were worth $795,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Janus Henderson Group PLC raised its position in shares of Mohawk Industries by 399.2% during the second quarter. Janus Henderson Group PLC now owns 34,392 shares of the company’s stock valued at $8,312,000 after buying an additional 27,503 shares during the last quarter. Aviva PLC raised its position in shares of Mohawk Industries by 1.1% during the second quarter. Aviva PLC now owns 38,875 shares of the company’s stock valued at $9,396,000 after buying an additional 410 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Mohawk Industries during the third quarter valued at approximately $5,281,000. Utah Retirement Systems raised its position in shares of Mohawk Industries by 0.9% during the second quarter. Utah Retirement Systems now owns 11,397 shares of the company’s stock valued at $2,754,000 after buying an additional 100 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in shares of Mohawk Industries during the second quarter valued at approximately $53,508,000. 76.59% of the stock is currently owned by institutional investors and hedge funds.
Mohawk Industries, Inc. (NYSE:MHK) opened at $280.57 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.48. Mohawk Industries, Inc. has a 1 year low of $196.50 and a 1 year high of $286.85. The firm has a market cap of $20,851.96, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 2.54 and a beta of 1.37.
Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, October 26th. The company reported $3.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.74 by $0.01. Mohawk Industries had a net margin of 10.37% and a return on equity of 16.03%. The business had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter in the previous year, the business posted $3.50 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. equities research analysts expect that Mohawk Industries, Inc. will post 13.52 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the stock. J P Morgan Chase & Co boosted their price target on shares of Mohawk Industries from $250.00 to $285.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Instinet restated a “buy” rating and issued a $288.00 price target (up previously from $280.00) on shares of Mohawk Industries in a research report on Saturday, September 30th. Cleveland Research cut shares of Mohawk Industries from a “buy” rating to a “neutral” rating in a research report on Friday, September 22nd. SunTrust Banks restated a “buy” rating and issued a $275.00 price target on shares of Mohawk Industries in a research report on Friday, October 27th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $270.00 price target on shares of Mohawk Industries in a research report on Sunday, October 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. Mohawk Industries presently has an average rating of “Buy” and a consensus target price of $281.42.
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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