Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by Giverny Capital Inc.

Giverny Capital Inc. trimmed its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 0.9% during the 1st quarter, HoldingsChannel reports. The fund owned 221,909 shares of the company’s stock after selling 2,026 shares during the period. Mohawk Industries accounts for about 3.2% of Giverny Capital Inc.’s portfolio, making the stock its 12th largest position. Giverny Capital Inc.’s holdings in Mohawk Industries were worth $27,994,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Mohawk Industries by 12.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 64,858 shares of the company’s stock worth $7,585,000 after purchasing an additional 7,124 shares during the last quarter. Coronation Fund Managers Ltd. bought a new stake in shares of Mohawk Industries in the first quarter worth about $5,373,000. Arnhold LLC increased its holdings in shares of Mohawk Industries by 94.7% in the fourth quarter. Arnhold LLC now owns 78,680 shares of the company’s stock worth $9,202,000 after purchasing an additional 38,260 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Mohawk Industries by 4.4% in the first quarter. Nomura Asset Management Co. Ltd. now owns 11,712 shares of the company’s stock worth $1,478,000 after purchasing an additional 493 shares during the last quarter. Finally, Vanguard Group Inc increased its holdings in shares of Mohawk Industries by 0.5% in the third quarter. Vanguard Group Inc now owns 6,421,024 shares of the company’s stock worth $1,125,927,000 after purchasing an additional 29,538 shares during the last quarter. Institutional investors and hedge funds own 80.66% of the company’s stock.

Shares of NYSE:MHK traded up $1.68 during trading hours on Friday, hitting $152.29. 750,823 shares of the company’s stock traded hands, compared to its average volume of 700,580. Mohawk Industries, Inc. has a 1 year low of $109.35 and a 1 year high of $228.49. The firm has a market capitalization of $11.03 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 2.80 and a beta of 1.42. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.37 and a quick ratio of 0.68.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, April 25th. The company reported $2.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.06. Mohawk Industries had a return on equity of 11.36% and a net margin of 7.73%. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the business earned $3.01 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities research analysts expect that Mohawk Industries, Inc. will post 10.7 EPS for the current fiscal year.

Several equities research analysts have weighed in on the company. Zacks Investment Research raised Mohawk Industries from a “sell” rating to a “hold” rating in a research note on Friday, March 29th. Loop Capital set a $130.00 price objective on Mohawk Industries and gave the stock a “hold” rating in a research note on Tuesday, May 14th. Longbow Research cut Mohawk Industries from a “buy” rating to a “neutral” rating and set a $125.98 price objective on the stock. in a research note on Friday, March 29th. Stifel Nicolaus raised Mohawk Industries from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $135.00 to $180.00 in a research note on Wednesday, May 15th. Finally, ValuEngine raised Mohawk Industries from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 15th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $150.41.

In related news, insider Bernard Thiers sold 2,800 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $149.85, for a total value of $419,580.00. Following the completion of the sale, the insider now owns 43,559 shares in the company, valued at $6,527,316.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Jeffrey S. Lorberbaum sold 18,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $142.76, for a total value of $2,569,680.00. Following the completion of the sale, the chairman now owns 47,603 shares of the company’s stock, valued at approximately $6,795,804.28. The disclosure for this sale can be found here. Insiders have sold 31,000 shares of company stock valued at $4,481,028 in the last 90 days. Company insiders own 18.00% of the company’s stock.

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Mohawk Industries Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. 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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