Mohawk Industries, Inc. (NYSE:MHK) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,028 shares of the company’s stock after buying an additional 3,560 shares during the period. New York State Teachers Retirement System owned 0.08% of Mohawk Industries worth $5,960,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MHK. Creative Planning increased its stake in Mohawk Industries by 6.9% during the 3rd quarter. Creative Planning now owns 3,114 shares of the company’s stock worth $500,000 after buying an additional 200 shares in the last quarter. Blue Trust Inc. increased its stake in Mohawk Industries by 85.6% during the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after buying an additional 167 shares in the last quarter. Signaturefd LLC increased its stake in Mohawk Industries by 12.5% during the 3rd quarter. Signaturefd LLC now owns 683 shares of the company’s stock worth $110,000 after buying an additional 76 shares in the last quarter. Lecap Asset Management Ltd. purchased a new stake in Mohawk Industries during the 3rd quarter worth approximately $1,728,000. Finally, Greenleaf Trust purchased a new stake in Mohawk Industries during the 3rd quarter worth approximately $228,000. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Robert W. Baird cut their price objective on Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Barclays dropped their price target on Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Evercore ISI dropped their price target on Mohawk Industries from $150.00 to $140.00 and set an “in-line” rating for the company in a research report on Monday, February 10th. Wolfe Research upgraded Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price target for the company in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group dropped their price target on Mohawk Industries from $170.00 to $145.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. 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 MarketBeat, Mohawk Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.92.

Mohawk Industries Trading Down 0.8 %

Shares of Mohawk Industries stock 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 has a 50 day moving average of $122.17 and a 200 day moving average of $138.71. Mohawk Industries, Inc. has a fifty-two week low of $104.88 and a fifty-two week high of $164.29. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 1.47 and a beta of 1.41.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, topping 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, research analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Insiders Place Their Bets

In other Mohawk Industries news, insider Suzanne L. Helen sold 4,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $126.11, for a total transaction of $504,440.00. Following the transaction, the insider now directly owns 104,084 shares in the company, valued at $13,126,033.24. This represents a 3.70 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 19,078 shares of company stock worth $2,474,347 over the last ninety days. Corporate insiders own 17.10% of the company’s stock.

About Mohawk Industries

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.