New York State Teachers Retirement System raised its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 7.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 50,028 shares of the company's stock after purchasing an additional 3,560 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Mohawk Industries worth $5,960,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC boosted its holdings in shares of Mohawk Industries by 22.1% during the 4th quarter. V Square Quantitative Management LLC now owns 1,761 shares of the company's stock worth $210,000 after buying an additional 319 shares in the last quarter. Vontobel Holding Ltd. bought a new position in shares of Mohawk Industries during the 4th quarter worth approximately $532,000. Asset Management One Co. Ltd. boosted its holdings in shares of Mohawk Industries by 24.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 1,248 shares of the company's stock worth $148,000 after buying an additional 245 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Mohawk Industries by 5.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 119,111 shares of the company's stock worth $13,807,000 after buying an additional 6,030 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of Mohawk Industries during the 4th quarter worth approximately $88,000. Institutional investors and hedge funds own 78.98% of the company's stock.
Mohawk Industries Price Performance
Mohawk Industries stock traded down $2.80 during midday trading on Friday, reaching $115.20. 334,432 shares of the stock traded hands, compared to its average volume of 789,756. The stock's fifty day moving average is $121.93 and its 200-day moving average is $138.56. Mohawk Industries, Inc. has a 12 month low of $104.88 and a 12 month high of $164.29. The stock has a market cap of $7.27 billion, a P/E ratio of 14.17, a PEG ratio of 1.44 and a beta of 1.41. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.22.
Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.95 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, equities research analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on MHK. Robert W. Baird cut their price target on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating on the stock in a report on Monday, February 10th. Royal Bank of Canada cut their target price on Mohawk Industries from $140.00 to $134.00 and set a "sector perform" rating on the stock in a report on Monday, October 28th. Bank of America cut their target price 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 cut their target price on Mohawk Industries from $180.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Finally, Wolfe Research raised 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. Six investment 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $146.92.
Check Out Our Latest Research Report on Mohawk Industries
Insider Activity
In other Mohawk Industries news, insider Suzanne L. Helen sold 9,078 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $130.86, for a total transaction of $1,187,947.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold 19,078 shares of company stock valued at $2,474,347 in the last ninety days. Insiders own 17.10% of the company's stock.
Mohawk Industries Company Profile
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Free Report)
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.
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