CIBC World Markets Inc. Acquires 1,073 Shares of Mohawk Industries, Inc. (MHK)

CIBC World Markets Inc. raised its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 79.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,423 shares of the company’s stock after purchasing an additional 1,073 shares during the period. CIBC World Markets Inc.’s holdings in Mohawk Industries were worth $669,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in shares of Mohawk Industries by 399.2% during the 2nd quarter. Janus Henderson Group PLC now owns 34,392 shares of the company’s stock worth $8,312,000 after acquiring an additional 27,503 shares during the period. Pensionfund DSM Netherlands bought a new stake in shares of Mohawk Industries during the 4th quarter worth approximately $3,035,000. Quantbot Technologies LP bought a new stake in shares of Mohawk Industries during the 3rd quarter worth approximately $5,281,000. National Pension Service lifted its holdings in shares of Mohawk Industries by 2.5% during the 4th quarter. National Pension Service now owns 69,142 shares of the company’s stock worth $19,076,000 after acquiring an additional 1,672 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its holdings in shares of Mohawk Industries by 10.4% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 105,131 shares of the company’s stock worth $26,021,000 after acquiring an additional 9,896 shares during the period. 76.51% of the stock is owned by hedge funds and other institutional investors.

Mohawk Industries, Inc. (NYSE MHK) traded down $1.84 during mid-day trading on Thursday, reaching $251.66. 356,805 shares of the company were exchanged, compared to its average volume of 714,122. The firm has a market cap of $18,675.14, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.78 and a beta of 1.26. Mohawk Industries, Inc. has a twelve month low of $219.22 and a twelve month high of $286.85. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.80 and a current ratio of 1.53.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, February 8th. The company reported $3.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.32 by $0.10. Mohawk Industries had a net margin of 10.24% and a return on equity of 15.44%. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the prior year, the company earned $3.26 EPS. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. analysts predict that Mohawk Industries, Inc. will post 15.45 EPS for the current fiscal year.

A number of analysts have recently weighed in on MHK shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $270.00 price target on shares of Mohawk Industries in a report on Sunday, October 29th. Nomura set a $300.00 price target on shares of Mohawk Industries and gave the stock a “buy” rating in a report on Friday, October 27th. SunTrust Banks reaffirmed a “buy” rating and set a $275.00 price target on shares of Mohawk Industries in a report on Friday, October 27th. Zacks Investment Research raised shares of Mohawk Industries from a “hold” rating to a “buy” rating and set a $310.00 price target for the company in a report on Monday, January 8th. Finally, ValuEngine raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Mohawk Industries has a consensus rating of “Buy” and an average target price of $295.62.

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About Mohawk Industries

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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