Captrust Financial Advisors increased its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 2,250.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 705 shares of the company’s stock after acquiring an additional 675 shares during the quarter. Captrust Financial Advisors’ holdings in Mohawk Industries were worth $151,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Mohawk Industries by 2.2% in the second quarter. BlackRock Inc. now owns 6,257,455 shares of the company’s stock valued at $1,340,786,000 after purchasing an additional 134,039 shares during the period. Hound Partners LLC increased its stake in shares of Mohawk Industries by 85.4% in the first quarter. Hound Partners LLC now owns 1,350,055 shares of the company’s stock valued at $313,510,000 after purchasing an additional 622,002 shares during the period. Principal Financial Group Inc. increased its stake in shares of Mohawk Industries by 0.3% in the first quarter. Principal Financial Group Inc. now owns 1,199,943 shares of the company’s stock valued at $278,651,000 after purchasing an additional 3,493 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Mohawk Industries by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,162,921 shares of the company’s stock valued at $270,054,000 after purchasing an additional 19,025 shares during the period. Finally, Standard Life Aberdeen plc increased its stake in shares of Mohawk Industries by 11.5% in the second quarter. Standard Life Aberdeen plc now owns 1,150,190 shares of the company’s stock valued at $246,470,000 after purchasing an additional 118,966 shares during the period. Hedge funds and other institutional investors own 81.58% of the company’s stock.

Several equities research analysts have commented on MHK shares. Stifel Nicolaus dropped their price target on shares of Mohawk Industries from $290.00 to $235.00 and set a “buy” rating on the stock in a research note on Friday, July 27th. Gabelli restated a “buy” rating on shares of Mohawk Industries in a research note on Friday, July 27th. Zacks Investment Research lowered shares of Mohawk Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Northcoast Research set a $225.00 price target on shares of Mohawk Industries and gave the company a “buy” rating in a research note on Friday, July 27th. Finally, TheStreet lowered shares of Mohawk Industries from a “b-” rating to a “c+” rating in a research note on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Mohawk Industries presently has a consensus rating of “Buy” and a consensus target price of $254.07.

In related news, insider Bernard Thiers sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 15th. The shares were sold at an average price of $212.60, for a total transaction of $2,126,000.00. Following the completion of the sale, the insider now directly owns 45,156 shares in the company, valued at $9,600,165.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Filip Balcaen bought 25,000 shares of Mohawk Industries stock in a transaction that occurred on Friday, August 3rd. The shares were acquired at an average price of $183.45 per share, with a total value of $4,586,250.00. Following the completion of the acquisition, the director now directly owns 776 shares of the company’s stock, valued at approximately $142,357.20. The disclosure for this purchase can be found here. Insiders bought 110,000 shares of company stock valued at $20,167,250 over the last quarter. Insiders own 16.80% of the company’s stock.

Mohawk Industries stock opened at $188.62 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.74 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $14.25 billion, a PE ratio of 13.86, a P/E/G ratio of 2.01 and a beta of 1.31. Mohawk Industries, Inc. has a 12-month low of $177.00 and a 12-month high of $286.85.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Wednesday, July 25th. The company reported $3.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.90 by ($0.39). The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.59 billion. Mohawk Industries had a net margin of 9.34% and a return on equity of 14.35%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $3.72 earnings per share. sell-side analysts anticipate that Mohawk Industries, Inc. will post 13.71 EPS for the current fiscal year.

About Mohawk Industries

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

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

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