Mohawk Industries INC (Mhk) (MHK) Holder Corbyn Investment Management INC Lifted Its Stake

Mohawk Industries, Inc. (NYSE:MHK) LogoInvestors sentiment increased to 1.06 in 2018 Q2. Its up 0.32, from 0.74 in 2018Q1. It is positive, 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. United Cap Financial Advisers Ltd Liability Co owns 1,324 shares or 0% of their US portfolio. Alpine Woods Cap Investors Ltd Liability Corporation invested 0.53% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Credit Agricole S A stated it has 81 shares. Hartford Management invested in 0.06% or 9,190 shares. Quantres Asset Mgmt Limited stated it has 0.42% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Corvex Mgmt Lp invested in 1.34% or 130,000 shares. Moreover, Horizon Kinetics Lc has 0.01% invested in Mohawk Industries, Inc. (NYSE:MHK). Jane Street Grp Ltd reported 7,098 shares or 0% of all its holdings. Nordea Investment Management Ab owns 118,518 shares for 0.06% of their portfolio. Geode Management Limited Liability Company reported 734,280 shares. Wilbanks Smith Thomas Asset Mgmt Limited accumulated 1,513 shares. First Trust Advsr Ltd Partnership stated it has 0.03% in Mohawk Industries, Inc. (NYSE:MHK). Accuvest Glob Advisors stated it has 3,251 shares. Sector Pension Invest Board reported 0% stake. Metropolitan Life Ins invested 0% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK).

Since June 15, 2018, it had 5 insider purchases, and 4 selling transactions for $35.20 million activity. $950,000 worth of Mohawk Industries, Inc. (NYSE:MHK) shares were sold by Thiers Bernard. $313,877 worth of Mohawk Industries, Inc. (NYSE:MHK) shares were bought by Carson Brian. $1.37 million worth of Mohawk Industries, Inc. (NYSE:MHK) was sold by HELEN SUZANNE L. $2.50 million worth of Mohawk Industries, Inc. (NYSE:MHK) shares were sold by LORBERBAUM JEFFREY S.

Corbyn Investment Management Inc increased its stake in Mohawk Industries Inc. (Mhk) (MHK) by 40.4% based on its latest 2018Q2 regulatory filing with the SEC. Corbyn Investment Management Inc bought 16,602 shares as the company’s stock declined 11.47% while stock markets rallied. The institutional investor held 57,696 shares of the consumer durables company at the end of 2018Q2, valued at $12.36M, up from 41,094 at the end of the previous reported quarter. Corbyn Investment Management Inc who had been investing in Mohawk Industries Inc. (Mhk) for a number of months, seems to be bullish on the $9.13B market cap company. The stock increased 1.41% or $1.71 during the last trading session, reaching $123.01. About 1.49M shares traded or 10.46% up from the average. Mohawk Industries, Inc. (NYSE:MHK) has declined 28.55% since December 7, 2017 and is downtrending. It has underperformed by 44.17% the S&P500.

More notable recent Mohawk Industries, Inc. (NYSE:MHK) news were published by: Seekingalpha.com which released: “A ‘Shout Out’ To Mohawk Industries – Seeking Alpha” on September 05, 2018, also Bizjournals.com with their article: “Mohawk Industries’ CFO to retire after 25 years at flooring giant – Atlanta Business Chronicle” published on November 28, 2018, Investorplace.com published: “The 9 Best Stocks to Buy on the Dip (2018 edition) – Investorplace.com” on November 09, 2018. More interesting news about Mohawk Industries, Inc. (NYSE:MHK) were released by: Gurufocus.com and their article: “Lee Ainslie Slims Facebook, Alphabet Positions – GuruFocus.com” published on November 30, 2018 as well as Seekingalpha.com‘s news article titled: “Mohawk Industries Is In Cyclical Value Territory – Seeking Alpha” with publication date: October 30, 2018.

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

Among 11 analysts covering Mohawk Industries (NYSE:MHK), 6 have Buy rating, 2 Sell and 3 Hold. Therefore 55% are positive. Mohawk Industries has $268 highest and $130 lowest target. $181.63’s average target is 47.65% above currents $123.01 stock price. Mohawk Industries had 14 analyst reports since July 27, 2018 according to SRatingsIntel. The firm has “Neutral” rating by Credit Suisse given on Monday, October 29. The rating was maintained by Wells Fargo with “Market Perform” on Monday, October 29. The stock has “Buy” rating by Nomura on Friday, October 26. The stock of Mohawk Industries, Inc. (NYSE:MHK) has “Buy” rating given on Tuesday, July 31 by Jefferies. The stock of Mohawk Industries, Inc. (NYSE:MHK) has “Overweight” rating given on Monday, October 29 by Barclays Capital. SunTrust maintained the stock with “Buy” rating in Monday, October 29 report. Raymond James maintained Mohawk Industries, Inc. (NYSE:MHK) on Wednesday, October 10 with “Outperform” rating. The stock of Mohawk Industries, Inc. (NYSE:MHK) has “Sector Perform” rating given on Monday, October 15 by RBC Capital Markets. JP Morgan downgraded the stock to “Underweight” rating in Tuesday, October 9 report. The rating was maintained by Stifel Nicolaus on Friday, July 27 with “Buy”.

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

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