Short traders are more bullish on Mohawk Industries, Inc. recently if you look at the motion in short interest. First Manhattan Co. bought a new stake in shares of Mohawk Industries during the 2nd quarter valued at $160,000. The stock of Mohawk Industries, Inc. Horizon Invest Serv Limited Company invested in 16,059 shares or 1.74% of the stock. Mohawk Industries, Inc. (NYSE:MHK) has risen 20.32% since October 10, 2016 and is uptrending. It has outperformed by 3.62% the S&P500. The stock decreased 2.56% or $0.12 on October 9, reaching $4.57. About 12,544 shares traded. Mohawk Industries's revenue for the quarter was up 2.2% on a year-over-year basis. It has underperformed by 10.47% the S&P500. It also upped Qualcomm Inc (NASDAQ:QCOM) stake by 11,680 shares and now owns 96,694 shares. 14,000 shares were sold by Marsili Daniel B, worth $1.06 million on Thursday, June 15. Earnings estimate for the current quarter and year have also declined by 0.5% and 0.1% respectively, over the last 30 days. Chilton Ltd Llc, a Connecticut-based fund reported 5,050 shares. (NYSE:MHK). Qs Investors Ltd holds 0% of its portfolio in Mohawk Industries, Inc. Tirschwell Loewy Incorporated reported 0.32% in Colgate-Palmolive Company (NYSE:CL). Moreover, L & S Advsr has 0.52% invested in Mohawk Industries, Inc. (NYSE:MHK). Melvin Mgmt Ltd Partnership accumulated 0.55% or 175,000 shares. Pnc Financial Grp owns 354,472 shares or 0.09% of their USA portfolio. Strs Ohio holds 0.01% or 6,379 shares. Rosenbaum Jay D reported 0.44% of its portfolio in Colgate-Palmolive Company (NYSE:CL). Hamel Associate, New Jersey-based fund reported 54,680 shares. Amf Pensionsforsakring Ab owns 937,503 shares. IFP Advisors Inc now owns 625 shares of the company's stock worth $151,000 after buying an additional 98 shares during the last quarter.
Analysts await Mohawk Industries, Inc.
On October 5, 2017 Northcoast Research started covering MHK with an initial rating of "Buy". Therefore 81% are positive. Colgate-Palmolive had 51 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained Colgate-Palmolive Company (NYSE:CL) rating on Tuesday, September 26. Mohawk Industries has an average rating of "Buy" and a consensus price target of $256.50.
03/20/2017 - Mohawk Industries, Inc. had its "overweight" rating reiterated by analysts at Barclays. The rating was upgraded by BNP Paribas to "Outperform" on Tuesday, February 21. (NYSE:MHK). Louisiana State Employees Retirement stated it has 3,900 shares. The stock has "Neutral" rating by Bank of America on Friday, September 23. The firm has "Neutral" rating given on Tuesday, March 15 by JP Morgan. The firm earned "Buy" rating on Monday, June 19 by RBC Capital Markets. The stock of Secure Energy Services Inc (TSE:SES) earned "Buy" rating by TD Securities on Friday, November 4.
Suvretta Capital Management Llc increased Disney Walt Co (NYSE:DIS) stake by 543,722 shares to 1.05 million valued at $111.08 million in 2017Q2. Exactech Inc Com now has $480.66M valuation. Ishares Tr (IBB) was raised too. Patton Rodney David sold 387 shares worth $93,654. Shares for $238,270 were sold by De Cock Frans Georges. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the company. Therefore 20% are positive. Mohawk had 34 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned "Outperform" rating on Monday, August 10 by RBC Capital Markets.
10/12/2016 - Mohawk Industries, Inc. was upgraded to "buy" by analysts at Bank of America Merrill Lynch. The firm has "Hold" rating given on Monday, September 18 by Stifel Nicolaus. The company was maintained on Monday, November 9 by RBC Capital Markets. The firm has "Buy" rating by Stifel Nicolaus given on Friday, July 28. Mohawk Industries has a consensus rating of Buy and a consensus price target of $270.33. Sun Life Financial INC grew its stake in Mohawk Industries by 5,675.0% in the 2nd quarter. (NYSE:MHK) to report earnings on November, 2. RBC Capital Markets maintained the shares of MHK in report on Monday, July 31 with "Buy" rating. (NYSE:MHK) rating on Monday, August 10. (NYSE:MHK) to report earnings on November, 2. They expect $3.77 EPS, up 7.71% or $0.27 from last year's $3.5 per share. MHK's profit will be $280.25 million for 17.02 P/E if the $3.77 EPS becomes a reality. $1.49M worth of Mohawk Industries, Inc.
Investors sentiment decreased to 1.09 in 2017 Q2. Its down 0.15, from 1.24 in 2017Q1. It turned negative, as 41 investors sold Mohawk Industries, Inc. shares while 164 reduced holdings.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock.
06/22/2017 - Credit Suisse began new coverage on Mohawk Industries, Inc. giving the company a "outperform" rating. (NYSE:MHK). Calamos Advsrs Limited Liability Corp reported 0.12% of its portfolio in Mohawk Industries, Inc. Moreover, Automobile Association has 0.01% invested in Mohawk Industries, Inc. The original version of this piece of content can be read at https://stocknewstimes.com/2017/10/10/zacks-investment-research-lowers-mohawk-industries-inc-mhk-to-sell.html. Nomura Asset Mngmt, a Japan-based fund reported 8,412 shares. New York-based American Gp has invested 0.02% in Mohawk Industries, Inc. (NYSE:MHK) for 7,200 shares. Andra Ap has 12,400 shares for 0.07% of their portfolio. Mitsubishi Ufj Trust And Bk Corp invested in 152,150 shares. Fifth Third Bank & Trust reported 0% stake. Nicholas Investment Prtnrs Lp owns 23,930 shares or 0.41% of their United States portfolio.
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