Mutual of America Capital Management LLC Has $748,000 Position in Mohawk Industries, Inc. (NYSE:MHK)

Mutual of America Capital Management LLC cut its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,279 shares of the company’s stock after selling 176 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Mohawk Industries were worth $748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. US Bancorp DE grew its stake in shares of Mohawk Industries by 3.9% during the third quarter. US Bancorp DE now owns 3,920 shares of the company’s stock worth $630,000 after buying an additional 146 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Mohawk Industries by 36.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 9,373 shares of the company’s stock valued at $1,506,000 after acquiring an additional 2,507 shares in the last quarter. Asset Management One Co. Ltd. grew its position in Mohawk Industries by 19.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 1,003 shares of the company’s stock worth $161,000 after acquiring an additional 165 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Mohawk Industries by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 61,724 shares of the company’s stock worth $9,918,000 after purchasing an additional 2,601 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in Mohawk Industries in the third quarter valued at about $73,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Stock Performance

MHK stock opened at $117.03 on Monday. Mohawk Industries, Inc. has a 1-year low of $104.88 and a 1-year high of $164.29. The company has a current ratio of 2.06, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average price of $120.96 and a 200-day moving average price of $136.15. The firm has a market cap of $7.32 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 1.44 and a beta of 1.44.

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

Analyst Ratings Changes

Several analysts have recently weighed in on MHK shares. Bank of America reduced their price target on Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Loop Capital reduced their target price on shares of Mohawk Industries from $180.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Raymond James reaffirmed a “strong-buy” rating and set a $165.00 price target (down previously from $185.00) on shares of Mohawk Industries in a research note on Monday, February 10th. The Goldman Sachs Group reduced their price objective on shares of Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, StockNews.com lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $146.92.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 9,078 shares of Mohawk Industries stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $130.86, for a total value of $1,187,947.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 17,078 shares of company stock worth $2,203,387 in the last quarter. Company insiders own 17.10% of the company’s stock.

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.