Todays Report: Today, 2,896 Shares of Mohawk Industries Inc. (MHK) are sold by First Trust Advisors LP

Today, 2,896 Shares of Mohawk Industries Inc. (MHK) are sold by First Trust Advisors LP

First Trust Advisors LP decreased its position in Mohawk Industries Inc. (NYSE:MHK) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,401 shares of the company’s stock after selling 2,896 shares during the period. First Trust Advisors LP owned 0.13% of Mohawk Industries worth $19,714,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Shell Asset Management Co. raised its position in Mohawk Industries by 32.9% in the second quarter. Shell Asset Management Co. now owns 4,470 shares of the company’s stock worth $848,000 after buying an additional 1,106 shares in the last quarter. Redwood Investments LLC acquired a new position in Mohawk Industries during the second quarter worth approximately $18,525,000. SG Americas Securities LLC raised its position in Mohawk Industries by 11.1% in the second quarter. SG Americas Securities LLC now owns 68,491 shares of the company’s stock worth $12,997,000 after buying an additional 6,817 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in Mohawk Industries by 2.0% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 4,725 shares of the company’s stock worth $896,000 after buying an additional 91 shares in the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new position in Mohawk Industries during the second quarter worth approximately $7,913,000. 79.84% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Inc. (NYSE:MHK) traded up 0.15% during midday trading on Friday, hitting $201.00. 127,695 shares of the stock were exchanged. The company’s market capitalization is $14.91 billion. The company’s 50 day moving average is $193.96 and its 200 day moving average is $199.51. Mohawk Industries Inc. has a 1-year low of $148.56 and a 1-year high of $216.58.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, November 3rd. The company reported $3.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.46 by $0.04. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Mohawk Industries had a net margin of 10.12% and a return on equity of 17.22%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.98 earnings per share. Analysts predict that Mohawk Industries Inc. will post $12.57 earnings per share for the current fiscal year.

Several equities analysts have commented on the stock. RBC Capital Markets reissued an “outperform” rating and issued a $245.00 target price (up from $220.00) on shares of Mohawk Industries in a report on Wednesday, August 10th. Gabelli assumed coverage on shares of Mohawk Industries in a report on Tuesday, August 9th. They issued a “buy” rating on the stock. Royal Bank Of Canada raised their target price on shares of Mohawk Industries from $220.00 to $245.00 and gave the company an “outperform” rating in a report on Monday, August 8th. Macquarie reissued an “outperform” rating and issued a $228.00 target price on shares of Mohawk Industries in a report on Thursday, September 22nd. Finally, MKM Partners raised their target price on shares of Mohawk Industries from $244.00 to $246.00 and gave the company a “buy” rating in a report on Monday, August 8th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $229.45.

In other Mohawk Industries news, insider Chistopher Wellborn sold 7,231 shares of the company’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $200.00, for a total transaction of $1,446,200.00. Following the sale, the insider now directly owns 174,926 shares of the company’s stock, valued at $34,985,200. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Suzanne L. Helen sold 9,300 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $214.00, for a total transaction of $1,990,200.00. The disclosure for this sale can be found here. Company insiders own 17.10% of the company’s stock.

Mohawk Industries Company Profile

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