Alleghany Raised Mohawk Inds (MHK) Holding; Strategic Global Advisors Has Cut Worthington Inds (WOR) Position

May 16, 2018 - By Marguerite Chambers

Worthington Industries, Inc. (NYSE:WOR) Logo

Alleghany Corp increased Mohawk Inds Inc (MHK) stake by 28.49% reported in 2017Q4 SEC filing. Alleghany Corp acquired 92,583 shares as Mohawk Inds Inc (MHK)’s stock declined 17.56%. The Alleghany Corp holds 417,583 shares with $115.21 million value, up from 325,000 last quarter. Mohawk Inds Inc now has $15.71B valuation. The stock increased 0.75% or $1.57 during the last trading session, reaching $210.55. About 882,160 shares traded or 5.44% up from the average. Mohawk Industries, Inc. (NYSE:MHK) has risen 0.12% since May 16, 2017 and is uptrending. It has underperformed by 11.43% the S&P500.

Strategic Global Advisors Llc decreased Worthington Inds Inc (WOR) stake by 49.7% reported in 2017Q4 SEC filing. Strategic Global Advisors Llc sold 9,495 shares as Worthington Inds Inc (WOR)’s stock declined 7.28%. The Strategic Global Advisors Llc holds 9,611 shares with $423,000 value, down from 19,106 last quarter. Worthington Inds Inc now has $2.85 billion valuation. The stock increased 2.44% or $1.12 during the last trading session, reaching $47.06. About 210,736 shares traded. Worthington Industries, Inc. (NYSE:WOR) has declined 16.89% since May 16, 2017 and is downtrending. It has underperformed by 28.44% the S&P500.

Investors sentiment decreased to 0.93 in Q4 2017. Its down 0.27, from 1.2 in 2017Q3. It worsened, as 31 investors sold WOR shares while 71 reduced holdings. 36 funds opened positions while 59 raised stakes. 31.16 million shares or 3.79% less from 32.39 million shares in 2017Q3 were reported. Federated Investors Inc Pa reported 69,376 shares. Jane Street Grp Lc invested 0% of its portfolio in Worthington Industries, Inc. (NYSE:WOR). Laurion Management Limited Partnership stated it has 0% of its portfolio in Worthington Industries, Inc. (NYSE:WOR). Sg Americas Secs Limited Liability Company has 16,890 shares. Koch Industrial owns 9,579 shares for 0.06% of their portfolio. Van Eck Assocs has 0.03% invested in Worthington Industries, Inc. (NYSE:WOR) for 150,253 shares. Vanguard Group holds 3.83 million shares. Ftb invested 0% of its portfolio in Worthington Industries, Inc. (NYSE:WOR). Renaissance Tech Ltd Liability Corporation invested in 0% or 19,122 shares. Ubs Asset Americas has invested 0% in Worthington Industries, Inc. (NYSE:WOR). Macquarie Group holds 990,398 shares or 0.08% of its portfolio. Quantbot LP reported 0.06% of its portfolio in Worthington Industries, Inc. (NYSE:WOR). New Amsterdam Partners Limited Com Ny holds 1.29% of its portfolio in Worthington Industries, Inc. (NYSE:WOR) for 146,059 shares. State Street Corporation, a Massachusetts-based fund reported 2.37 million shares. Parallax Volatility Advisers Ltd Partnership accumulated 8,156 shares or 0% of the stock.

Strategic Global Advisors Llc increased Best Buy Inc (NYSE:BBY) stake by 4,661 shares to 29,582 valued at $2.03 million in 2017Q4. It also upped Diamondback Energy Inc (NASDAQ:FANG) stake by 5,710 shares and now owns 11,563 shares. Ishares Tr (EFA) was raised too.

Among 3 analysts covering Worthington Industries (NYSE:WOR), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Worthington Industries had 14 analyst reports since August 27, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Tuesday, March 14 by Macquarie Research. On Wednesday, September 6 the stock rating was maintained by Jefferies with “Hold”. As per Thursday, March 30, the company rating was maintained by Jefferies. JP Morgan maintained Worthington Industries, Inc. (NYSE:WOR) on Thursday, March 24 with “Neutral” rating. The company was maintained on Wednesday, June 14 by Jefferies. On Thursday, August 27 the stock rating was downgraded by Zacks to “Hold”. The firm has “Hold” rating given on Wednesday, October 11 by Jefferies. The firm earned “Underperform” rating on Tuesday, November 29 by Macquarie Research. The company was maintained on Thursday, March 29 by Jefferies. Jefferies maintained Worthington Industries, Inc. (NYSE:WOR) on Thursday, June 29 with “Hold” rating.

Analysts await Worthington Industries, Inc. (NYSE:WOR) to report earnings on June, 27. They expect $1.04 EPS, up 19.54% or $0.17 from last year’s $0.87 per share. WOR’s profit will be $63.07M for 11.31 P/E if the $1.04 EPS becomes a reality. After $0.61 actual EPS reported by Worthington Industries, Inc. for the previous quarter, Wall Street now forecasts 70.49% EPS growth.

More news for Worthington Industries, Inc. (NYSE:WOR) were recently published by: Seekingalpha.com, which released: “Skechers Is Doing Fine – Cramer’s Lightning Round (4/18/18)” on April 19, 2018. Globenewswire.com‘s article titled: “New Research: Key Drivers of Growth for Electro Scientific Industries, Worthington Industries, Navigant Consulting …” and published on April 27, 2018 is yet another important article.

Since January 24, 2018, it had 1 buying transaction, and 3 sales for $1.96 million activity. ENDRES MICHAEL J also bought $119,340 worth of Worthington Industries, Inc. (NYSE:WOR) on Wednesday, April 4. BRINKMAN DALE T had sold 6,874 shares worth $332,180 on Wednesday, January 24. Another trade for 7,500 shares valued at $343,725 was made by LAMPRINAKOS JOHN G on Monday, April 23. LYTTLE CATHERINE M also sold $1.40 million worth of Worthington Industries, Inc. (NYSE:WOR) on Wednesday, April 4.

Alleghany Corp decreased Roper Technologies Inc (NYSE:ROP) stake by 3,825 shares to 896,175 valued at $232.11 million in 2017Q4. It also reduced Cigna Corporation (NYSE:CI) stake by 2,874 shares and now owns 632,126 shares. Comcast Corp New (NASDAQ:CMCSA) was reduced too.

Among 21 analysts covering Mohawk (NYSE:MHK), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. Mohawk had 56 analyst reports since August 10, 2015 according to SRatingsIntel. Topeka Capital Markets initiated Mohawk Industries, Inc. (NYSE:MHK) on Tuesday, May 24 with “Hold” rating. Credit Suisse maintained Mohawk Industries, Inc. (NYSE:MHK) rating on Friday, April 27. Credit Suisse has “Outperform” rating and $275 target. The stock has “Buy” rating by M Partners on Tuesday, April 12. The stock has “Neutral” rating by Bank of America on Friday, September 23. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, August 10 report. Jefferies maintained the stock with “Buy” rating in Monday, February 12 report. RBC Capital Markets maintained Mohawk Industries, Inc. (NYSE:MHK) rating on Monday, October 30. RBC Capital Markets has “Buy” rating and $300.0 target. Macquarie Research maintained Mohawk Industries, Inc. (NYSE:MHK) rating on Friday, December 16. Macquarie Research has “Outperform” rating and $235 target. The stock has “Buy” rating by RBC Capital Markets on Monday, October 9. The firm has “Neutral” rating given on Tuesday, May 1 by JP Morgan.

More notable recent Mohawk Industries, Inc. (NYSE:MHK) news were published by: Seekingalpha.com which released: “Highlights from Appaloosa’s Q1” on May 15, 2018, also Streetinsider.com with their article: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” published on May 15, 2018, Streetinsider.com published: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” on May 15, 2018. More interesting news about Mohawk Industries, Inc. (NYSE:MHK) were released by: Streetinsider.com and their article: “Appaloosa 13F Shows New Stake in Wells Fargo (WFC) and Lam Research (LRCX), Increase in Micron (MU) MGM …” published on May 15, 2018 as well as Streetinsider.com‘s news article titled: “Viking Global’s 13F Shows New Stakes in Alibaba (BABA), BioMarin (BMRN) and Western Digital (WDC), Increase in …” with publication date: May 15, 2018.

Since February 14, 2018, it had 3 insider buys, and 11 insider sales for $6.71 million activity. 1,032 Mohawk Industries, Inc. (NYSE:MHK) shares with value of $255,501 were sold by Boykin Frank H. 1,248 shares were sold by Turner John C JR, worth $308,217. The insider Thiers Bernard sold $654,250. Shares for $13.84 million were bought by BALCAEN FILIP on Monday, April 30. $109,270 worth of Mohawk Industries, Inc. (NYSE:MHK) was sold by Patton Rodney David. The insider WELLBORN CHISTOPHER sold 8,707 shares worth $2.19M. $125,435 worth of Mohawk Industries, Inc. (NYSE:MHK) was bought by RUNGE WILLIAM HENRY III on Wednesday, February 14.

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

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