Mohawk Inds INC (MHK) Holder Baldwin Brothers INC Cut Its Stake by $3.54 Million as Share Value Declined

September 16, 2018 - By Elizabeth Bryant

Mohawk Industries, Inc. (NYSE:MHK) LogoInvestors sentiment increased to 1.06 in 2018 Q2. Its up 0.32, from 0.74 in 2018Q1. It improved, as 59 investors sold MHK shares while 151 reduced holdings. 69 funds opened positions while 154 raised stakes. 56.91 million shares or 3.41% more from 55.03 million shares in 2018Q1 were reported. Psagot House has invested 0% in Mohawk Industries, Inc. (NYSE:MHK). Palestra Cap Mngmt invested 5.36% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Federated Investors Pa, Pennsylvania-based fund reported 3,439 shares. Old Mutual Customised Solutions (Proprietary) reported 3,831 shares stake. Virtu Financial Limited Company holds 0.04% or 1,061 shares in its portfolio. 7,271 were reported by Dekabank Deutsche Girozentrale. Royal Bancorp Of Canada accumulated 955,119 shares. Acg Wealth has 1,370 shares. Cipher LP invested 0.06% in Mohawk Industries, Inc. (NYSE:MHK). 670 are owned by Advisory Services Net Limited Liability Com. 310 are owned by Architects Incorporated. Amica Pension Fund Board Of Trustees accumulated 0.07% or 2,347 shares. Caisse De Depot Et Placement Du Quebec reported 61,249 shares. Kennedy Cap accumulated 21,028 shares. Amica Retiree Med Tru has invested 0.07% in Mohawk Industries, Inc. (NYSE:MHK).

Since March 14, 2018, it had 6 insider purchases, and 2 insider sales for $39.27 million activity. 1,388 shares valued at $344,580 were sold by Boykin Frank H on Wednesday, March 14. $950,000 worth of stock was sold by Thiers Bernard on Tuesday, September 11.

Baldwin Brothers Inc decreased its stake in Mohawk Inds Inc (MHK) by 81.99% based on its latest 2018Q2 regulatory filing with the SEC. Baldwin Brothers Inc sold 16,526 shares as the company’s stock declined 11.47% while stock markets rallied. The institutional investor held 3,630 shares of the consumer durables company at the end of 2018Q2, valued at $778,000, down from 20,156 at the end of the previous reported quarter. Baldwin Brothers Inc who had been investing in Mohawk Inds Inc for a number of months, seems to be less bullish one the $13.96B market cap company. The stock increased 0.65% or $1.21 during the last trading session, reaching $187.1. About 1.02M shares traded. Mohawk Industries, Inc. (NYSE:MHK) has declined 28.55% since September 16, 2017 and is downtrending. It has underperformed by 44.17% the S&P500.

Analysts await Mohawk Industries, Inc. (NYSE:MHK) to report earnings on October, 25. They expect $3.60 earnings per share, down 4.00 % or $0.15 from last year’s $3.75 per share. MHK’s profit will be $268.57 million for 12.99 P/E if the $3.60 EPS becomes a reality. After $3.51 actual earnings per share reported by Mohawk Industries, Inc. for the previous quarter, Wall Street now forecasts 2.56 % EPS growth.

More news for Mohawk Industries, Inc. (NYSE:MHK) were recently published by: Seekingalpha.com, which released: “Tracking Stephen Mandel’s Lone Pine Capital Portfolio – Q2 2018 Update” on September 04, 2018. Seekingalpha.com‘s article titled: “A ‘Shout Out’ To Mohawk Industries” and published on September 05, 2018 is yet another important article.

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

Among 8 analysts covering Mohawk Industries (NYSE:MHK), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Mohawk Industries had 11 analyst reports since April 27, 2018 according to SRatingsIntel. The stock has “Outperform” rating by Credit Suisse on Friday, July 27. The stock has “Neutral” rating by JP Morgan on Tuesday, May 1. The stock has “Hold” rating by Loop Capital Markets on Friday, April 27. Jefferies maintained Mohawk Industries, Inc. (NYSE:MHK) rating on Tuesday, July 31. Jefferies has “Buy” rating and $268 target. The company was maintained on Thursday, June 7 by JP Morgan. Robert W. Baird maintained Mohawk Industries, Inc. (NYSE:MHK) on Monday, April 30 with “Buy” rating. The stock of Mohawk Industries, Inc. (NYSE:MHK) has “Buy” rating given on Friday, July 27 by Stifel Nicolaus. On Monday, April 30 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was downgraded by Raymond James to “Outperform” on Friday, July 27. The stock of Mohawk Industries, Inc. (NYSE:MHK) has “Outperform” rating given on Friday, April 27 by Credit Suisse.

Mohawk Industries, Inc. (NYSE:MHK) Institutional Positions Chart

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