American Century Companies Inc. Has $103.89 Million Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

American Century Companies Inc. lifted its stake in Mohawk Industries, Inc. (NYSE:MHK) by 4.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 914,578 shares of the company’s stock after purchasing an additional 39,653 shares during the quarter. American Century Companies Inc.’s holdings in Mohawk Industries were worth $103,887,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Mohawk Industries by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 6,257,677 shares of the company’s stock valued at $819,067,000 after acquiring an additional 17,541 shares in the last quarter. Brandes Investment Partners LP raised its stake in Mohawk Industries by 22.4% during the 4th quarter. Brandes Investment Partners LP now owns 816,138 shares of the company’s stock valued at $84,470,000 after purchasing an additional 149,370 shares during the period. Van Lanschot Kempen Investment Management N.V. lifted its holdings in shares of Mohawk Industries by 11.2% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 667,516 shares of the company’s stock valued at $75,823,000 after purchasing an additional 67,452 shares in the last quarter. Norges Bank acquired a new stake in shares of Mohawk Industries in the fourth quarter worth $68,050,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Mohawk Industries by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,652 shares of the company’s stock valued at $55,129,000 after buying an additional 22,616 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Insider Activity

In related news, VP Rodney David Patton sold 755 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $162.78, for a total transaction of $122,898.90. Following the completion of the transaction, the vice president now owns 12,299 shares of the company’s stock, valued at approximately $2,002,031.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Rodney David Patton sold 755 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $162.78, for a total value of $122,898.90. Following the sale, the vice president now owns 12,299 shares in the company, valued at $2,002,031.22. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Suzanne L. Helen sold 2,300 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $151.15, for a total transaction of $347,645.00. Following the transaction, the insider now owns 119,369 shares of the company’s stock, valued at $18,042,624.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,415 shares of company stock valued at $673,387. 17.10% of the stock is owned by insiders.

Analysts Set New Price Targets

MHK has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Mohawk Industries from $124.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Royal Bank of Canada raised their price target on shares of Mohawk Industries from $108.00 to $140.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. Loop Capital upped their price objective on shares of Mohawk Industries from $145.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 29th. The Goldman Sachs Group lifted their target price on shares of Mohawk Industries from $141.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Barclays upped their price target on shares of Mohawk Industries from $118.00 to $161.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Mohawk Industries has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Mohawk Industries Stock Up 4.3 %

MHK opened at $156.55 on Friday. Mohawk Industries, Inc. has a twelve month low of $76.02 and a twelve month high of $164.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.92. The business has a 50 day moving average price of $143.03 and a 200 day moving average price of $126.30. The firm has a market cap of $9.88 billion, a P/E ratio of -23.94, a price-to-earnings-growth ratio of 1.15 and a beta of 1.37.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, July 25th. The company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.75 by $0.25. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.84 billion. Mohawk Industries had a negative net margin of 3.30% and a positive return on equity of 8.07%. Mohawk Industries’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.76 EPS. Research analysts forecast that Mohawk Industries, Inc. will post 10 EPS for the current year.

Mohawk Industries 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.