Creative Planning Acquires 313 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Creative Planning boosted its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 12.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,800 shares of the company’s stock after buying an additional 313 shares during the period. Creative Planning’s holdings in Mohawk Industries were worth $677,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MHK. CHURCHILL MANAGEMENT Corp raised its stake in Mohawk Industries by 7.3% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 24,765 shares of the company’s stock valued at $5,985,000 after buying an additional 1,678 shares during the last quarter. Bank of The West raised its stake in Mohawk Industries by 1.9% in the second quarter. Bank of The West now owns 11,313 shares of the company’s stock valued at $2,734,000 after buying an additional 210 shares during the last quarter. Pennsylvania Trust Co bought a new stake in Mohawk Industries during the second quarter valued at about $852,000. Gateway Investment Advisers LLC raised its stake in Mohawk Industries by 1.4% in the second quarter. Gateway Investment Advisers LLC now owns 4,825 shares of the company’s stock valued at $1,166,000 after buying an additional 66 shares during the last quarter. Finally, Capstone Asset Management Co. raised its stake in Mohawk Industries by 2.8% in the second quarter. Capstone Asset Management Co. now owns 5,145 shares of the company’s stock valued at $1,243,000 after buying an additional 138 shares during the last quarter. Institutional investors own 76.50% of the company’s stock.

Shares of Mohawk Industries, Inc. (NYSE:MHK) traded up 0.35% during midday trading on Friday, reaching $248.97. The company had a trading volume of 603,288 shares. The firm’s market capitalization is $18.51 billion. Mohawk Industries, Inc. has a one year low of $175.52 and a one year high of $252.89. The company has a 50 day moving average price of $246.74 and a 200-day moving average price of $235.35.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, July 27th. The company reported $3.72 EPS for the quarter, beating analysts’ consensus estimates of $3.60 by $0.12. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.45 billion. Mohawk Industries had a net margin of 10.54% and a return on equity of 16.45%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $3.47 EPS. On average, analysts anticipate that Mohawk Industries, Inc. will post $13.52 EPS for the current fiscal year.

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Several analysts recently issued reports on the company. BidaskClub lowered Mohawk Industries from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Stifel Nicolaus upped their price objective on Mohawk Industries from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Zacks Investment Research lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $267.00 price objective on shares of Mohawk Industries in a research note on Monday, July 24th. Finally, MKM Partners restated a “buy” rating and issued a $286.00 price objective (up previously from $255.00) on shares of Mohawk Industries in a research note on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $266.64.

In related news, Director Cock Frans Georges De sold 1,000 shares of the company’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $238.27, for a total value of $238,270.00. Following the completion of the transaction, the director now directly owns 13,016 shares in the company, valued at $3,101,322.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Rodney David Patton sold 137 shares of the company’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $246.78, for a total transaction of $33,808.86. Following the completion of the transaction, the vice president now owns 6,924 shares of the company’s stock, valued at $1,708,704.72. The disclosure for this sale can be found here. Insiders have sold a total of 7,724 shares of company stock valued at $1,857,577 over the last 90 days. Company insiders own 17.10% of the company’s stock.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.

Institutional Ownership by Quarter for Mohawk Industries (NYSE:MHK)

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