Exxonmobil Investment Management Inc Tx Lowers stake in Mohawk Industries (MHK)

Mohawk Industries (MHK) : Exxonmobil Investment Management Inc Tx reduced its stake in Mohawk Industries by 2.42% during the most recent quarter end. The investment management company now holds a total of 16,094 shares of Mohawk Industries which is valued at $3,182,910 after selling 399 shares in Mohawk Industries , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Mohawk Industries makes up approximately 0.07% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co boosted its stake in MHK in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 11,254 shares of Mohawk Industries which is valued at $2,225,704. Mohawk Industries makes up approx 0.30% of First Mercantile Trust Co’s portfolio.New England Research Management reduced its stake in MHK by selling 3,970 shares or 54.99% in the most recent quarter. The Hedge Fund company now holds 3,250 shares of MHK which is valued at $649,448. Mohawk Industries makes up approx 0.55% of New England Research Management’s portfolio. Washington Trust Bank added MHK to its portfolio by purchasing 5 company shares during the most recent quarter which is valued at $999.Harbour Capital Advisors reduced its stake in MHK by selling 60 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 5,226 shares of MHK which is valued at $1,044,312. Mohawk Industries makes up approx 0.56% of Harbour Capital Advisors’s portfolio.

Mohawk Industries closed down -3.09 points or -1.54% at $197.77 with 4,26,052 shares getting traded on Friday. Post opening the session at $201.11, the shares hit an intraday low of $196.67 and an intraday high of $201.11 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Mohawk Industries reported $3.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $3.37. The company had revenue of $2310.00 million for the quarter, compared to analysts expectations of $2350.69 million. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.69 EPS.

Many Wall Street Analysts have commented on Mohawk Industries. Mohawk Industries was Initiated by Wells Fargo to “Market Perform” on Sep 29, 2016. BofA/Merrill Initiated Mohawk Industries on Sep 23, 2016 to “Neutral”, Price Target of the shares are set at $235.Company shares were Reiterated by MKM Partners on Aug 8, 2016 to “Buy”, Firm has raised the Price Target to $ 246 from a previous price target of $244 .

Mohawk Industries Inc. is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company operates in three segments: the Carpet segment the Ceramic segment and the Laminate and Wood segment. The Carpet segment designs manufactures sources distributes and markets its carpet and rug product lines in a range of colors textures and patterns for residential and commercial applications. The Ceramic segment designs manufactures sources distributes and markets a line of ceramic tile porcelain tile and natural stone products. The Laminate and Wood segment designs manufactures sources licenses distributes and markets laminate and hardwood flooring. Its manufacturing and distribution processes provide carpet rugs ceramic tile laminate wood stone and vinyl flooring. Its brands include American Olean Bigelow Daltile Durkan Karastan Kerama Marazzi Lees Marazzi Mohawk Pergo Quick-Step and Unilin.

Leave a Reply

Mohawk Industries - Is it time to Sell?

Top Brokerage Firms are advising their investors on Mohawk Industries. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.