SG Americas Securities LLC Purchases 1,016 Shares of Mohawk Industries, Inc. (NYSE:MHK)

SG Americas Securities LLC increased its position in shares of Mohawk Industries, Inc. (NYSE:MHKGet Rating) by 16.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,330 shares of the company’s stock after acquiring an additional 1,016 shares during the period. SG Americas Securities LLC’s holdings in Mohawk Industries were worth $910,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Mohawk Industries in the 4th quarter valued at about $21,316,000. Comerica Bank boosted its holdings in Mohawk Industries by 3.0% in the first quarter. Comerica Bank now owns 7,507 shares of the company’s stock valued at $968,000 after acquiring an additional 220 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Mohawk Industries by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,647,139 shares of the company’s stock valued at $300,060,000 after purchasing an additional 49,810 shares during the period. Calamos Advisors LLC increased its position in Mohawk Industries by 4.0% during the 4th quarter. Calamos Advisors LLC now owns 53,188 shares of the company’s stock valued at $9,690,000 after purchasing an additional 2,059 shares during the period. Finally, New York State Common Retirement Fund increased its position in Mohawk Industries by 0.4% during the 4th quarter. New York State Common Retirement Fund now owns 284,399 shares of the company’s stock valued at $51,812,000 after purchasing an additional 1,015 shares during the period. Institutional investors own 77.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MHK shares. Bank of America raised shares of Mohawk Industries from an “underperform” rating to a “neutral” rating and increased their target price for the company from $125.00 to $150.00 in a research report on Monday, May 2nd. Loop Capital cut their price target on Mohawk Industries from $165.00 to $130.00 in a report on Tuesday, April 12th. Credit Suisse Group increased their price target on Mohawk Industries from $140.00 to $160.00 in a report on Tuesday, May 3rd. The Goldman Sachs Group cut their target price on Mohawk Industries from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Tuesday, April 12th. Finally, StockNews.com cut Mohawk Industries from a “buy” rating to a “hold” rating in a report on Sunday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Mohawk Industries presently has an average rating of “Hold” and a consensus price target of $164.62.

Mohawk Industries Trading Down 5.8 %

Shares of Mohawk Industries stock opened at $128.48 on Monday. Mohawk Industries, Inc. has a 1 year low of $114.96 and a 1 year high of $211.74. The firm has a market cap of $8.16 billion, a PE ratio of 8.38, a P/E/G ratio of 3.57 and a beta of 1.29. The stock has a fifty day moving average price of $130.42 and a 200-day moving average price of $137.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.44 and a quick ratio of 0.79.

Mohawk Industries (NYSE:MHKGet Rating) last announced its earnings results on Thursday, July 28th. The company reported $4.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.29 by $0.12. Mohawk Industries had a return on equity of 12.00% and a net margin of 9.02%. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the firm posted $4.45 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. Equities research analysts anticipate that Mohawk Industries, Inc. will post 15.41 EPS for the current year.

Mohawk Industries Company Profile

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Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces in the United States, Europe, Russia, and internationally. 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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