1,572 Shares in Mohawk Industries, Inc. (NYSE:MHK) Purchased by Crestmont Private Wealth LLC

Crestmont Private Wealth LLC acquired a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 1,572 shares of the company’s stock, valued at approximately $253,000.

Several other hedge funds also recently made changes to their positions in MHK. Vanguard Group Inc. raised its position in shares of Mohawk Industries by 0.3% during the first quarter. Vanguard Group Inc. now owns 6,257,677 shares of the company’s stock worth $819,067,000 after purchasing an additional 17,541 shares during the period. Dimensional Fund Advisors LP increased its stake in Mohawk Industries by 10.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,036,545 shares of the company’s stock worth $344,903,000 after purchasing an additional 292,661 shares in the last quarter. Select Equity Group L.P. raised its holdings in Mohawk Industries by 8.5% during the 2nd quarter. Select Equity Group L.P. now owns 1,702,440 shares of the company’s stock worth $193,380,000 after buying an additional 132,879 shares during the period. Pacer Advisors Inc. lifted its stake in Mohawk Industries by 42.9% during the second quarter. Pacer Advisors Inc. now owns 1,200,360 shares of the company’s stock valued at $136,349,000 after buying an additional 360,628 shares in the last quarter. Finally, Brandes Investment Partners LP boosted its holdings in shares of Mohawk Industries by 10.5% in the second quarter. Brandes Investment Partners LP now owns 1,015,640 shares of the company’s stock worth $115,057,000 after buying an additional 96,174 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Trading Up 0.3 %

Mohawk Industries stock opened at $157.30 on Friday. Mohawk Industries, Inc. has a one year low of $76.02 and a one year high of $164.05. The company’s fifty day moving average price is $152.74 and its two-hundred day moving average price is $131.73. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of -24.05, a PEG ratio of 1.23 and a beta of 1.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.92 and a quick ratio of 1.04.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, July 25th. The company reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $0.25. Mohawk Industries had a positive return on equity of 8.07% and a negative net margin of 3.30%. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the business earned $2.76 EPS. The firm’s revenue was down 5.1% compared to the same quarter last year. On average, analysts forecast that Mohawk Industries, Inc. will post 10 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MHK shares. Royal Bank of Canada boosted their price target on shares of Mohawk Industries from $108.00 to $140.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. Jefferies Financial Group raised their target price on Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research report on Wednesday. Loop Capital upped their price target on Mohawk Industries from $145.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Bank of America raised Mohawk Industries from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $120.00 to $177.00 in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. lifted their target price on Mohawk Industries from $124.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.25.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 660 shares of Mohawk Industries stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.46, for a total value of $99,963.60. Following the transaction, the insider now owns 118,709 shares in the company, valued at $17,979,665.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Suzanne L. Helen sold 2,300 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $151.15, for a total value of $347,645.00. Following the completion of the sale, the insider now directly owns 119,369 shares of the company’s stock, valued at approximately $18,042,624.35. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Suzanne L. Helen sold 660 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.46, for a total transaction of $99,963.60. Following the transaction, the insider now directly owns 118,709 shares in the company, valued at $17,979,665.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,415 shares of company stock worth $673,387. 17.10% of the stock is owned by insiders.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.