Mohawk Industries (MHK) Shares Rose While Hahn Capital Management LLC Trimmed Its Holding

December 13, 2017 - By Linda Rogers

Investors sentiment decreased to 1.09 in Q2 2017. Its down 0.15, from 1.24 in 2017Q1. It dropped, as 41 investors sold MHK shares while 164 reduced holdings. 58 funds opened positions while 165 raised stakes. 55.83 million shares or 0.31% more from 55.66 million shares in 2017Q1 were reported. Fuller And Thaler Asset Management Incorporated invested in 0% or 400 shares. 1,886 are owned by Franklin Res Incorporated. Shell Asset Mngmt invested in 0.02% or 3,602 shares. Mason Street Advsrs Lc has 8,768 shares for 0.05% of their portfolio. De Burlo Group holds 1.76% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK) for 32,650 shares. Wisconsin-based Capital Svcs Of America has invested 1.42% in Mohawk Industries, Inc. (NYSE:MHK). California Employees Retirement System reported 0.05% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Citigroup Incorporated invested in 20,020 shares or 0% of the stock. Everence Mgmt accumulated 1,064 shares. Redwood Invests Limited Company reported 54,910 shares. Tci Wealth Advsrs reported 63 shares stake. The Ontario – Canada-based Toronto Dominion Bancorp has invested 0.02% in Mohawk Industries, Inc. (NYSE:MHK). Transamerica Fin Advsr Inc has 4 shares for 0% of their portfolio. Retail Bank Of Montreal Can reported 166,266 shares. State Street holds 0.06% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK) for 2.73 million shares.

Since June 16, 2017, it had 0 insider buys, and 2 selling transactions for $5.06 million activity. Patton Rodney David sold $93,654 worth of stock.

Hahn Capital Management Llc decreased its stake in Mohawk Industries (MHK) by 10.76% based on its latest 2017Q2 regulatory filing with the SEC. Hahn Capital Management Llc sold 22,859 shares as the company’s stock rose 3.82% with the market. The institutional investor held 189,656 shares of the consumer durables company at the end of 2017Q2, valued at $45.84B, down from 212,515 at the end of the previous reported quarter. Hahn Capital Management Llc who had been investing in Mohawk Industries for a number of months, seems to be less bullish one the $20.53 billion market cap company. The stock increased 0.30% or $0.82 during the last trading session, reaching $276.16. About 419,064 shares traded. Mohawk Industries, Inc. (NYSE:MHK) has risen 20.32% since December 13, 2016 and is uptrending. It has outperformed by 3.62% the S&P500.

Hahn Capital Management Llc, which manages about $963.10 million US Long portfolio, upped its stake in Mid (NYSE:MAA) by 43,651 shares to 273,802 shares, valued at $28.85 billion in 2017Q2, according to the filing.

Analysts await Mohawk Industries, Inc. (NYSE:MHK) to report earnings on February, 8. They expect $3.33 earnings per share, up 2.15 % or $0.07 from last year’s $3.26 per share. MHK’s profit will be $247.54 million for 20.73 P/E if the $3.33 EPS becomes a reality. After $3.75 actual earnings per share reported by Mohawk Industries, Inc. for the previous quarter, Wall Street now forecasts -11.20 % negative EPS growth.

More important recent Mohawk Industries, Inc. (NYSE:MHK) news were published by: Zacks.com which released: “Mohawk Industries Gains on Acquisitions, Competition Rife” on November 27, 2017, also Prnewswire.com published article titled: “Mohawk Industries, Inc. anuncia la adquisición del Grupo Godfrey Hirst”, Timesfreepress.com published: “Mohawk Industries to buy Australia’s biggest carpet company” on November 20, 2017. More interesting news about Mohawk Industries, Inc. (NYSE:MHK) was released by: Prnewswire.com and their article: “Mohawk Industries, Inc. anuncia la compra de Godfrey Hirst Group” with publication date: November 21, 2017.

Mohawk Industries, Inc. (NYSE:MHK) Ratings Coverage

Among 18 analysts covering Mohawk (NYSE:MHK), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. Mohawk had 43 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Mohawk Industries, Inc. (NYSE:MHK) earned “Neutral” rating by JP Morgan on Tuesday, March 15. As per Tuesday, November 3, the company rating was initiated by Robert W. Baird. Macquarie Research maintained it with “Outperform” rating and $235 target in Friday, December 16 report. RBC Capital Markets maintained the shares of MHK in report on Wednesday, September 6 with “Buy” rating. The rating was maintained by JP Morgan with “Neutral” on Monday, October 30. The stock of Mohawk Industries, Inc. (NYSE:MHK) has “Overweight” rating given on Friday, January 6 by Barclays Capital. The stock of Mohawk Industries, Inc. (NYSE:MHK) earned “Overweight” rating by Barclays Capital on Thursday, April 7. The stock has “Hold” rating by Topeka Capital Markets on Tuesday, May 24. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, November 9. The company was initiated on Tuesday, April 12 by M Partners.

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