Mraz Amerine & Associates Inc. Decreases Stake in Mohawk Industries, Inc. (MHK)
Mraz Amerine & Associates Inc. decreased its position in Mohawk Industries, Inc. (NYSE:MHK) by 3.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,885 shares of the company’s stock after selling 650 shares during the quarter. Mohawk Industries comprises approximately 0.7% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 21st biggest position. Mraz Amerine & Associates Inc.’s holdings in Mohawk Industries were worth $2,130,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. grew its position in shares of Mohawk Industries by 12.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 64,858 shares of the company’s stock valued at $7,585,000 after purchasing an additional 7,124 shares during the last quarter. Rhumbline Advisers grew its position in shares of Mohawk Industries by 3.7% in the fourth quarter. Rhumbline Advisers now owns 120,927 shares of the company’s stock valued at $14,144,000 after purchasing an additional 4,342 shares during the last quarter. Coronation Fund Managers Ltd. acquired a new position in shares of Mohawk Industries in the first quarter valued at approximately $5,373,000. Arnhold LLC grew its position in Mohawk Industries by 94.7% during the fourth quarter. Arnhold LLC now owns 78,680 shares of the company’s stock worth $9,202,000 after buying an additional 38,260 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Mohawk Industries by 11.4% during the third quarter. Legal & General Group Plc now owns 330,596 shares of the company’s stock worth $57,970,000 after buying an additional 33,749 shares in the last quarter. 80.64% of the stock is currently owned by institutional investors.
A number of brokerages recently issued reports on MHK. Zacks Investment Research raised Mohawk Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Loop Capital increased their price target on Mohawk Industries to $126.00 and gave the stock an “underperform” rating in a research report on Friday, February 8th. SunTrust Banks increased their price target on Mohawk Industries to $150.00 and gave the stock a “buy” rating in a research report on Monday, February 11th. They noted that the move was a valuation call. Longbow Research downgraded Mohawk Industries from a “buy” rating to a “neutral” rating and set a $125.98 price target on the stock. in a research report on Friday, March 29th. Finally, Buckingham Research began coverage on Mohawk Industries in a research report on Friday, February 1st. They set an “underperform” rating and a $116.00 price target on the stock. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. Mohawk Industries has a consensus rating of “Hold” and an average target price of $149.53.
Shares of MHK stock opened at $140.49 on Thursday. The firm has a market capitalization of $10.21 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 2.57 and a beta of 1.53. Mohawk Industries, Inc. has a fifty-two week low of $109.35 and a fifty-two week high of $228.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.68 and a current ratio of 1.37.
Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, April 25th. The company reported $2.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.07 by $0.06. The firm had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.50 billion. Mohawk Industries had a return on equity of 11.36% and a net margin of 7.73%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.01 EPS. On average, analysts forecast that Mohawk Industries, Inc. will post 10.77 earnings per share for the current year.
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Mohawk Industries Profile
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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