As Mohawk Inds INC (MHK) Share Value Declined, Baldwin Brothers INC Has Cut Its Position

September 16, 2018 - By Carolyn Hewitt

Mohawk Industries, Inc. (NYSE:MHK) LogoInvestors sentiment increased to 1.06 in Q2 2018. Its up 0.32, from 0.74 in 2018Q1. It increased, 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. Pennsylvania Company reported 0.2% stake. The New York-based South Street Advsr Ltd Liability Company has invested 2.52% in Mohawk Industries, Inc. (NYSE:MHK). Sphera Funds Management has invested 0.03% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Svcs Automobile Association reported 0% stake. Cue Inc, a Arizona-based fund reported 3,012 shares. Old Mutual Customised Solutions (Proprietary) Ltd holds 0.08% or 3,831 shares in its portfolio. Tiaa Cref Inv Management Ltd Co owns 0.05% invested in Mohawk Industries, Inc. (NYSE:MHK) for 315,807 shares. Massmutual Tru Commerce Fsb Adv holds 47 shares or 0% of its portfolio. Fincl Bank Of Nova Scotia reported 40,980 shares. Moreover, Amundi Pioneer Asset Management Inc has 0.02% invested in Mohawk Industries, Inc. (NYSE:MHK). Price T Rowe Assocs Inc Md invested 0.01% in Mohawk Industries, Inc. (NYSE:MHK). Glenmede Tru Na holds 0% or 23 shares. 10 are owned by Valley National Advisers Inc. Amp Invsts accumulated 17,929 shares. First Tru Advsr LP has invested 0.03% in Mohawk Industries, Inc. (NYSE:MHK).

Since March 14, 2018, it had 6 buys, and 2 sales for $39.27 million activity. On Monday, May 14 the insider BALCAEN FILIP bought $5.44M. Boykin Frank H also sold $344,580 worth of Mohawk Industries, Inc. (NYSE:MHK) shares.

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: “A ‘Shout Out’ To Mohawk Industries” on September 05, 2018. Seekingalpha.com‘s article titled: “Tracking Stephen Mandel’s Lone Pine Capital Portfolio – Q2 2018 Update” and published on September 04, 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 company was maintained on Friday, July 27 by Stifel Nicolaus. The company was maintained on Tuesday, July 31 by Jefferies. The company was maintained on Friday, July 27 by Credit Suisse. Credit Suisse maintained Mohawk Industries, Inc. (NYSE:MHK) on Friday, April 27 with “Outperform” rating. The rating was maintained by Robert W. Baird with “Buy” on Monday, April 30. The firm has “Neutral” rating given on Thursday, June 7 by JP Morgan. The rating was downgraded by Raymond James on Friday, July 27 to “Outperform”. Loop Capital Markets maintained Mohawk Industries, Inc. (NYSE:MHK) rating on Friday, April 27. Loop Capital Markets has “Hold” rating and $22700 target. The company was maintained on Tuesday, May 1 by JP Morgan. The company was maintained on Monday, April 30 by Stifel Nicolaus.

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

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