Louisiana State Employees Retirement System Has $334,000 Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Louisiana State Employees Retirement System cut its stake in Mohawk Industries, Inc. (NYSE:MHK) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,800 shares of the company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Mohawk Industries were worth $334,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Stonebridge Financial Group LLC acquired a new position in shares of Mohawk Industries in the 4th quarter worth approximately $88,000. Wilsey Asset Management Inc. increased its holdings in Mohawk Industries by 4.4% during the 4th quarter. Wilsey Asset Management Inc. now owns 198,514 shares of the company’s stock valued at $23,649,000 after purchasing an additional 8,351 shares in the last quarter. Entropy Technologies LP acquired a new stake in Mohawk Industries during the 4th quarter valued at $703,000. Empowered Funds LLC increased its holdings in Mohawk Industries by 49.6% during the 4th quarter. Empowered Funds LLC now owns 3,405 shares of the company’s stock valued at $406,000 after purchasing an additional 1,129 shares in the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in Mohawk Industries by 71.0% during the 4th quarter. Apollon Wealth Management LLC now owns 2,575 shares of the company’s stock valued at $307,000 after purchasing an additional 1,069 shares in the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Mohawk Industries Price Performance

NYSE:MHK opened at $118.54 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.12 and a current ratio of 2.06. The stock’s 50-day simple moving average is $122.17 and its 200 day simple moving average is $138.71. The company has a market cap of $7.48 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.47 and a beta of 1.41. Mohawk Industries, Inc. has a 52-week low of $104.88 and a 52-week high of $164.29.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%. As a group, sell-side analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on MHK shares. Royal Bank of Canada decreased their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Wells Fargo & Company decreased their price objective on Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. StockNews.com lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. The Goldman Sachs Group decreased their price objective on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Wolfe Research upgraded Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mohawk Industries presently has a consensus rating of “Moderate Buy” and an average target price of $146.92.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 4,000 shares of Mohawk Industries stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $126.11, for a total value of $504,440.00. Following the sale, the insider now owns 104,084 shares of the company’s stock, valued at approximately $13,126,033.24. The trade was a 3.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have sold 19,078 shares of company stock valued at $2,474,347. 17.10% of the stock is owned by insiders.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.