As Mohawk Inds INC (MHK) Shares Declined, Holder Baldwin Brothers INC Has Lowered Its Holding by $3.54 Million

September 16, 2018 - By Marguerite Chambers

Mohawk Industries, Inc. (NYSE:MHK) LogoInvestors sentiment increased to 1.06 in Q2 2018. 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. Chemical Financial Bank reported 0.06% stake. Mutual Of America Management Ltd has invested 0.03% in Mohawk Industries, Inc. (NYSE:MHK). Sg Americas Securities Limited Liability Company holds 1,583 shares or 0% of its portfolio. Royal Financial Bank Of Canada reported 0.09% stake. Brinker Capital Inc invested in 2,221 shares. Natixis Limited Partnership reported 24,244 shares. Adage Cap Partners Gru Limited Liability Corporation owns 284,000 shares or 0.14% of their US portfolio. Moreover, Gradient Investments Llc has 0% invested in Mohawk Industries, Inc. (NYSE:MHK). 6,400 were reported by Ruffer Llp. Goldman Sachs holds 0.01% or 217,030 shares. Kentucky Retirement Insurance Fund invested 0.06% in Mohawk Industries, Inc. (NYSE:MHK). Voloridge Investment Lc has 77,768 shares for 0.45% of their portfolio. Acg Wealth stated it has 0.04% in Mohawk Industries, Inc. (NYSE:MHK). Columbia Asset Mgmt owns 1,614 shares. The Australia-based Westpac Bk Corporation has invested 0% in Mohawk Industries, Inc. (NYSE:MHK).

Since March 14, 2018, it had 6 insider purchases, and 2 sales for $39.27 million activity. 1,388 Mohawk Industries, Inc. (NYSE:MHK) shares with value of $344,580 were sold by Boykin Frank H. 5,000 shares valued at $950,000 were 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 EPS, 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 EPS 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 of Mohawk Industries, Inc. (NYSE:MHK) has “Outperform” rating given on Friday, July 27 by Credit Suisse. The firm has “Hold” rating given on Friday, April 27 by Loop Capital Markets. The rating was downgraded by Raymond James on Friday, July 27 to “Outperform”. The company was maintained on Thursday, June 7 by JP Morgan. The stock of Mohawk Industries, Inc. (NYSE:MHK) earned “Buy” rating by Stifel Nicolaus on Friday, July 27. The firm has “Buy” rating by Jefferies given on Tuesday, July 31. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, April 30 report. The stock of Mohawk Industries, Inc. (NYSE:MHK) earned “Outperform” rating by Credit Suisse on Friday, April 27. The rating was maintained by Robert W. Baird with “Buy” on Monday, April 30. JP Morgan maintained the stock with “Neutral” rating in Tuesday, May 1 report.

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

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

>