Mohawk Industries, Inc. (MHK) Shares Bought by Nisa Investment Advisors LLC
Nisa Investment Advisors LLC raised its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,845 shares of the company’s stock after purchasing an additional 200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Mohawk Industries were worth $8,510,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Mohawk Industries in the 2nd quarter valued at $1,115,000. Eaton Vance Management purchased a new stake in shares of Mohawk Industries in the 2nd quarter valued at $682,000. Franklin Resources Inc. raised its holdings in shares of Mohawk Industries by 48.9% in the 2nd quarter. Franklin Resources Inc. now owns 1,886 shares of the company’s stock valued at $456,000 after buying an additional 619 shares during the period. Aberdeen Asset Management PLC UK raised its holdings in shares of Mohawk Industries by 8.7% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 15,303 shares of the company’s stock valued at $3,699,000 after buying an additional 1,219 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of Mohawk Industries by 1.7% in the 2nd quarter. Alliancebernstein L.P. now owns 119,426 shares of the company’s stock valued at $28,864,000 after buying an additional 2,029 shares during the period. Institutional investors own 76.55% of the company’s stock.
Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Mohawk Industries from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. JPMorgan Chase & Co. boosted their price objective on Mohawk Industries from $250.00 to $285.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Instinet reiterated a “buy” rating and issued a $288.00 price objective (up previously from $280.00) on shares of Mohawk Industries in a report on Saturday, September 30th. Cleveland Research downgraded Mohawk Industries from a “buy” rating to a “neutral” rating in a report on Friday, September 22nd. Finally, SunTrust Banks reiterated a “buy” rating and issued a $275.00 price objective on shares of Mohawk Industries in a report on Friday, October 27th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $292.83.
Mohawk Industries, Inc. (MHK) opened at $274.07 on Monday. Mohawk Industries, Inc. has a one year low of $200.74 and a one year high of $286.85. The company has a market capitalization of $20,368.89, a price-to-earnings ratio of 21.25, a P/E/G ratio of 2.25 and a beta of 1.37. The company has a current ratio of 1.48, a quick ratio of 0.77 and a debt-to-equity ratio of 0.23.
Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, October 26th. The company reported $3.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.74 by $0.01. Mohawk Industries had a return on equity of 16.03% and a net margin of 10.37%. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the previous year, the firm posted $3.50 EPS. Mohawk Industries’s revenue for the quarter was up 6.7% on a year-over-year basis. analysts anticipate that Mohawk Industries, Inc. will post 13.52 earnings per share for the current fiscal year.
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Mohawk Industries 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.
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