As Mohawk Inds INC (MHK) Market Valuation Declined, Baldwin Brothers INC Has Trimmed Its Holding

November 10, 2018 - By Ruchi Gupta

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. Paloma Prns Mgmt Co holds 0.04% or 9,646 shares. State Of Tennessee Treasury Department holds 0.02% or 15,190 shares in its portfolio. Gateway Advisers Lc invested in 3,562 shares. Hartford Inv has invested 0.06% in Mohawk Industries, Inc. (NYSE:MHK). Sumitomo Mitsui Hldg holds 208,993 shares or 0.05% of its portfolio. Morgan Dempsey Management Ltd Liability holds 0.02% or 258 shares. Lpl Fincl Lc reported 4,065 shares. Pension Serv holds 0.07% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK) for 77,372 shares. Pub Employees Retirement Association Of Colorado invested 0.02% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Hightower Limited Liability owns 22,998 shares for 0.04% of their portfolio. Daiwa Gru holds 0% or 2,125 shares in its portfolio. World Asset Management has 0.04% invested in Mohawk Industries, Inc. (NYSE:MHK). Maverick Capital owns 1.49M shares for 3.73% of their portfolio. Los Angeles Mgmt Equity Rech has invested 0.03% in Mohawk Industries, Inc. (NYSE:MHK). Norinchukin Financial Bank The invested in 7,185 shares.

Since May 14, 2018, it had 3 insider buys, and 3 selling transactions for $15.38 million activity. The insider BALCAEN FILIP bought 25,912 shares worth $5.44 million. 13,400 shares were sold by LORBERBAUM JEFFREY S, worth $2.50 million on Friday, September 14.

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 $9.32 billion market cap company. The stock decreased 1.24% or $1.58 during the last trading session, reaching $125.65. About 981,134 shares traded. Mohawk Industries, Inc. (NYSE:MHK) has declined 28.55% since November 10, 2017 and is downtrending. It has underperformed by 44.17% the S&P500.

More recent Mohawk Industries, Inc. (NYSE:MHK) news were published by: Investorplace.com which released: “The 9 Best Stocks to Buy on the Dip (2018 edition)” on November 09, 2018. Also Seekingalpha.com published the news titled: “Best And Worst Performing S&P 500 Stocks On Earnings” on November 03, 2018. Seekingalpha.com‘s news article titled: “Mohawk Industries Is In Cyclical Value Territory” with publication date: October 30, 2018 was also an interesting one.

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 had 15 analyst reports since June 7, 2018 according to SRatingsIntel. The company was maintained on Tuesday, July 31 by Jefferies. The rating was maintained by SunTrust on Monday, October 29 with “Buy”. The firm has “Underperform” rating by Bank of America given on Monday, October 29. The company was maintained on Friday, July 27 by Stifel Nicolaus. The rating was downgraded by Credit Suisse to “Neutral” on Monday, October 29. The stock of Mohawk Industries, Inc. (NYSE:MHK) earned “Outperform” rating by Raymond James on Wednesday, October 10. The firm earned “Sector Perform” rating on Monday, October 15 by RBC Capital Markets. Barclays Capital maintained the shares of MHK in report on Monday, October 29 with “Overweight” rating. The firm has “Market Perform” rating given on Monday, October 29 by Wells Fargo. The company was maintained on Friday, July 27 by Credit Suisse.

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

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