AEGON ASSET MANAGEMENT UK Plc Acquires New Holdings in Mohawk Industries, Inc. $MHK

AEGON ASSET MANAGEMENT UK Plc bought a new position in Mohawk Industries, Inc. (NYSE:MHK) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 155,603 shares of the company’s stock, valued at approximately $20,054,000. AEGON ASSET MANAGEMENT UK Plc owned 0.25% of Mohawk Industries as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in MHK. Root Financial Partners LLC acquired a new stake in Mohawk Industries during the 3rd quarter worth $25,000. MTM Investment Management LLC bought a new stake in shares of Mohawk Industries in the second quarter worth about $28,000. Quent Capital LLC acquired a new stake in shares of Mohawk Industries during the third quarter worth about $33,000. SJS Investment Consulting Inc. lifted its holdings in shares of Mohawk Industries by 5,385.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 384 shares of the company’s stock valued at $50,000 after purchasing an additional 377 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. grew its position in shares of Mohawk Industries by 22.6% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 612 shares of the company’s stock valued at $78,000 after purchasing an additional 113 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Stock Down 3.6%

MHK stock opened at $120.75 on Monday. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 2.15 and a beta of 1.22. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $143.13. The business has a 50 day moving average price of $112.80 and a two-hundred day moving average price of $119.53. The company has a quick ratio of 1.24, a current ratio of 2.25 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, October 23rd. The company reported $2.67 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.01). Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the company posted $2.90 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. Analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 3,500 shares of Mohawk Industries stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $110.36, for a total transaction of $386,260.00. Following the completion of the transaction, the insider owned 70,593 shares in the company, valued at approximately $7,790,643.48. This trade represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 17,600 shares of company stock worth $1,945,754 in the last three months. Company insiders own 17.40% of the company’s stock.

Analysts Set New Price Targets

MHK has been the topic of several research analyst reports. Wolfe Research downgraded shares of Mohawk Industries from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Wall Street Zen lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Vertical Research assumed coverage on shares of Mohawk Industries in a research report on Monday, October 20th. They issued a “buy” rating on the stock. Evercore ISI dropped their price target on Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 19th. Finally, Barclays set a $121.00 price objective on Mohawk Industries in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $133.83.

About Mohawk Industries

Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.

The company’s product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.