American National Registered Investment Advisor Inc. continued to hold its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,080 shares of the company’s stock at the end of the second quarter. American National Registered Investment Advisor Inc.’s holdings in Mohawk Industries were worth $503,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Washington Trust Bank boosted its position in shares of Mohawk Industries by 81.1% in the first quarter. Washington Trust Bank now owns 480 shares of the company’s stock worth $110,000 after buying an additional 215 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Mohawk Industries by 5.6% in the first quarter. IFP Advisors Inc now owns 527 shares of the company’s stock worth $121,000 after buying an additional 28 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Mohawk Industries during the first quarter worth approximately $179,000. Bahl & Gaynor Inc. acquired a new position in shares of Mohawk Industries during the first quarter worth approximately $202,000. Finally, King Luther Capital Management Corp acquired a new position in shares of Mohawk Industries during the first quarter worth approximately $225,000. Institutional investors own 76.31% of the company’s stock.
Shares of Mohawk Industries, Inc. (NYSE:MHK) opened at 250.88 on Monday. Mohawk Industries, Inc. has a 12-month low of $175.52 and a 12-month high of $252.23. The company’s market cap is $18.65 billion. The stock has a 50 day moving average of $244.51 and a 200 day moving average of $232.21.
Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, July 27th. The company reported $3.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.60 by $0.12. The firm had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $2.45 billion. Mohawk Industries had a net margin of 10.54% and a return on equity of 16.45%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.47 earnings per share. Analysts forecast that Mohawk Industries, Inc. will post $13.52 earnings per share for the current year.
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A number of equities analysts have commented on the stock. BidaskClub cut shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. Stifel Nicolaus lifted their price target on shares of Mohawk Industries from $250.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $267.00 price target on shares of Mohawk Industries in a research note on Monday, July 24th. MKM Partners reaffirmed a “buy” rating and set a $286.00 price target (up from $255.00) on shares of Mohawk Industries in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Mohawk Industries currently has a consensus rating of “Buy” and a consensus price target of $266.64.
In other Mohawk Industries news, Director Cock Frans Georges De sold 1,000 shares of the firm’s 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 sale, the director now owns 13,016 shares of the company’s stock, valued at $3,101,322.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Suzanne L. Helen sold 6,200 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $240.62, for a total transaction of $1,491,844.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,587 shares of company stock worth $1,823,768. 17.10% of the stock is owned by corporate insiders.
Mohawk Industries Company 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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