An Insider Filip Balcaen Bought $13.84 million of Mohawk Industries, Inc. (MHK); Westwood Holdings Group Has Cut Flowers Foods (FLO) Position By $19.57 Million

Mohawk Industries, Inc. (NYSE:MHK) Logo

Westwood Holdings Group Inc decreased Flowers Foods Inc (FLO) stake by 84.38% reported in 2017Q4 SEC filing. Westwood Holdings Group Inc sold 1.03 million shares as Flowers Foods Inc (FLO)’s stock rose 6.87%. The Westwood Holdings Group Inc holds 190,577 shares with $3.68M value, down from 1.22M last quarter. Flowers Foods Inc now has $4.72 billion valuation. The stock decreased 1.41% or $0.32 during the last trading session, reaching $22.39. About 1.72 million shares traded or 40.18% up from the average. Flowers Foods, Inc. (NYSE:FLO) has risen 8.08% since May 3, 2017 and is uptrending. It has underperformed by 3.47% the S&P500.

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

Among 21 analysts covering Mohawk (NYSE:MHK), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. Mohawk has $345.0 highest and $185 lowest target. $267.94’s average target is 26.20% above currents $212.31 stock price. Mohawk had 56 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has “Buy” rating by Bank of America on Wednesday, October 12. The stock has “Buy” rating by Robert W. Baird on Monday, April 30. The stock of Mohawk Industries, Inc. (NYSE:MHK) has “Buy” rating given on Friday, October 27 by Nomura. The rating was maintained by Jefferies on Monday, February 12 with “Buy”. The stock has “Buy” rating by Longbow on Monday, February 12. The stock of Mohawk Industries, Inc. (NYSE:MHK) has “Overweight” rating given on Monday, October 30 by Barclays Capital. The stock has “Buy” rating by RBC Capital Markets on Monday, October 9. Stifel Nicolaus maintained it with “Buy” rating and $290 target in Monday, April 30 report. The company was initiated on Friday, January 6 by Barclays Capital. The stock of Mohawk Industries, Inc. (NYSE:MHK) has “Neutral” rating given on Monday, October 30 by JP Morgan.

Mohawk Industries, Inc. designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. The company has market cap of $15.82 billion. It operates through three divisions: Global Ceramic, Flooring North America , and Flooring Rest of the World (Flooring ROW). It has a 4.26 P/E ratio. The Global Ceramic segment provides a range of ceramic tile, porcelain tile, and natural stone products; and sources, markets, and distributes other tile related products.

Since February 14, 2018, it had 1 insider buy, and 11 insider sales for $9.24 million activity. The insider Turner John C JR sold 1,487 shares worth $352,984. 911 shares were sold by Patton Rodney David, worth $214,996 on Monday, March 5. $255,501 worth of stock was sold by Boykin Frank H on Friday, March 9. On Tuesday, February 20 the insider Thiers Bernard sold $4.35M. RUNGE WILLIAM HENRY III bought $125,435 worth of stock. WELLBORN CHISTOPHER had sold 8,707 shares worth $2.19M on Friday, February 16.

A calculated and well-grounded transaction was made by the director of Mohawk Industries Inc, Mr. Filip Balcaen, 2 days ago, when he purchased a significant amount company shares – 66,199, totalling $13.84 million U.S Dollars , based on $209.1 of a share. Filip Balcaen today owns 1.32 million shares or 1.78% of Mohawk Industries Inc’s market cap. The date of transaction was 02/05/2018, and it was disclosed in a SEC-filed filing, which you can see here.

Investors sentiment increased to 1.13 in Q4 2017. Its up 0.03, from 1.1 in 2017Q3. It improved, as 28 investors sold Mohawk Industries, Inc. shares while 181 reduced holdings. 74 funds opened positions while 163 raised stakes. 56.08 million shares or 0.46% more from 55.82 million shares in 2017Q3 were reported. Nomura owns 0.02% invested in Mohawk Industries, Inc. (NYSE:MHK) for 38,470 shares. Polar Asset Mgmt Partners, Ontario – Canada-based fund reported 52,000 shares. Sg Americas Limited owns 10,942 shares. New England Research holds 2,650 shares. Vaughan Nelson Inv Management L P, a Texas-based fund reported 261,075 shares. Moreover, Bahl Gaynor has 0% invested in Mohawk Industries, Inc. (NYSE:MHK). 12,743 are owned by Zurcher Kantonalbank (Zurich Cantonalbank). Art Advsrs Limited Co holds 6,300 shares or 0.08% of its portfolio. 2,040 were accumulated by Castleark Management Limited Com. Wealthtrust owns 100 shares for 0.01% of their portfolio. Principal Financial reported 1.20 million shares stake. 194,136 were accumulated by Sumitomo Mitsui Tru. Evercore Wealth Management Limited Company invested in 0% or 68 shares. Qs Ltd Limited Liability Company invested in 758 shares or 0% of the stock. Rathbone Brothers Public Limited Co holds 12,776 shares or 0.14% of its portfolio.

The stock decreased 1.64% or $3.55 during the last trading session, reaching $212.31. About 961,214 shares traded or 10.81% up from the average. Mohawk Industries, Inc. (NYSE:MHK) has risen 0.12% since May 3, 2017 and is uptrending. It has underperformed by 11.43% the S&P500.

Among 13 analysts covering Flowers Foods (NYSE:FLO), 6 have Buy rating, 0 Sell and 7 Hold. Therefore 46% are positive. Flowers Foods has $30 highest and $16 lowest target. $22.45’s average target is 0.27% above currents $22.39 stock price. Flowers Foods had 36 analyst reports since September 21, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, October 5 by DA Davidson. The stock has “Hold” rating by Jefferies on Friday, July 28. The firm earned “Buy” rating on Thursday, June 29 by Jefferies. The firm has “Buy” rating given on Wednesday, February 15 by Gabelli. The firm has “Hold” rating given on Friday, December 9 by Pivotal Research. Jefferies maintained Flowers Foods, Inc. (NYSE:FLO) on Friday, May 26 with “Buy” rating. The company was maintained on Monday, September 21 by Deutsche Bank. The stock of Flowers Foods, Inc. (NYSE:FLO) earned “Neutral” rating by Suntrust Robinson on Thursday, February 11. The stock has “Market Perform” rating by BMO Capital Markets on Wednesday, November 15. The rating was maintained by Stephens on Friday, March 23 with “Hold”.

Since March 27, 2018, it had 0 insider buys, and 1 insider sale for $221,680 activity. $221,680 worth of Flowers Foods, Inc. (NYSE:FLO) was sold by ROACH DAVID M.

Analysts await Flowers Foods, Inc. (NYSE:FLO) to report earnings on May, 16. They expect $0.31 earnings per share, up 24.00% or $0.06 from last year’s $0.25 per share. FLO’s profit will be $65.35 million for 18.06 P/E if the $0.31 EPS becomes a reality. After $0.17 actual earnings per share reported by Flowers Foods, Inc. for the previous quarter, Wall Street now forecasts 82.35% EPS growth.

Westwood Holdings Group Inc increased Us Bancorp Del (NYSE:USB) stake by 1.53 million shares to 3.85 million valued at $206.05 million in 2017Q4. It also upped Western Alliance Bancorp (NYSE:WAL) stake by 516,722 shares and now owns 2.82M shares. Connecticut Water Service Inc (NASDAQ:CTWS) was raised too.

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