Mohawk Industries, Inc. (NYSE:MHK) Shares Bought by Cardinal Capital Management

Cardinal Capital Management raised its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 17.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,444 shares of the company’s stock after acquiring an additional 1,572 shares during the period. Cardinal Capital Management’s holdings in Mohawk Industries were worth $1,367,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quarry LP raised its holdings in Mohawk Industries by 70.4% in the 4th quarter. Quarry LP now owns 421 shares of the company’s stock valued at $44,000 after acquiring an additional 174 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Mohawk Industries by 88.1% during the 4th quarter. Allworth Financial LP now owns 521 shares of the company’s stock worth $54,000 after buying an additional 244 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Mohawk Industries by 29.4% during the 4th quarter. Signaturefd LLC now owns 563 shares of the company’s stock worth $58,000 after buying an additional 128 shares during the last quarter. TFO Wealth Partners LLC increased its holdings in shares of Mohawk Industries by 32,500.0% during the 4th quarter. TFO Wealth Partners LLC now owns 652 shares of the company’s stock worth $67,000 after buying an additional 650 shares during the last quarter. Finally, Byrne Asset Management LLC acquired a new stake in shares of Mohawk Industries during the 4th quarter worth approximately $101,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MHK. Royal Bank of Canada raised their price target on shares of Mohawk Industries from $106.00 to $108.00 and gave the stock a “sector perform” rating in a report on Monday, April 29th. Barclays lowered their price objective on shares of Mohawk Industries from $122.00 to $120.00 and set an “equal weight” rating for the company in a research report on Monday, April 29th. TheStreet raised shares of Mohawk Industries from a “d+” rating to a “c-” rating in a research report on Monday, March 4th. Raymond James raised shares of Mohawk Industries from a “market perform” rating to a “strong-buy” rating and set a $140.00 price objective for the company in a research report on Monday, June 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Mohawk Industries from $122.00 to $124.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $123.20.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 1,800 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $111.74, for a total transaction of $201,132.00. Following the sale, the insider now owns 122,369 shares of the company’s stock, valued at $13,673,512.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 17.10% of the stock is owned by insiders.

Mohawk Industries Stock Up 1.2 %

Shares of NYSE:MHK opened at $108.05 on Friday. The company has a market cap of $6.90 billion, a price-to-earnings ratio of -16.52, a PEG ratio of 1.05 and a beta of 1.40. The firm’s 50-day simple moving average is $115.60 and its 200-day simple moving average is $112.99. The company has a quick ratio of 1.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a fifty-two week low of $76.02 and a fifty-two week high of $131.19.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, April 25th. The company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.16. The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.64 billion. Mohawk Industries had a negative net margin of 3.77% and a positive return on equity of 7.72%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.75 earnings per share. As a group, equities research analysts predict that Mohawk Industries, Inc. will post 9.68 earnings per share for the current year.

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.