State of Alaska Department of Revenue Acquires 5,855 Shares of Mohawk Industries, Inc. (NYSE:MHK)

State of Alaska Department of Revenue lifted its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 35.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,473 shares of the company's stock after purchasing an additional 5,855 shares during the period. State of Alaska Department of Revenue's holdings in Mohawk Industries were worth $2,676,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MHK. FMR LLC raised its stake in Mohawk Industries by 52.3% in the third quarter. FMR LLC now owns 2,179,510 shares of the company's stock worth $350,204,000 after buying an additional 748,070 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Mohawk Industries by 33.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,011,861 shares of the company's stock valued at $162,586,000 after purchasing an additional 254,779 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Mohawk Industries by 482.7% during the third quarter. Assenagon Asset Management S.A. now owns 137,122 shares of the company's stock valued at $22,033,000 after purchasing an additional 113,588 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Mohawk Industries by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company's stock valued at $485,983,000 after purchasing an additional 74,123 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Mohawk Industries by 111.1% during the third quarter. BNP Paribas Financial Markets now owns 129,186 shares of the company's stock valued at $20,758,000 after purchasing an additional 67,990 shares in the last quarter. 78.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group decreased their target price on shares of Mohawk Industries from $170.00 to $145.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Wolfe Research raised shares of Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research note on Wednesday, January 8th. Bank of America reduced their price target on shares of Mohawk Industries from $152.00 to $150.00 and set a "buy" rating for the company in a research report on Monday. Barclays reduced their price target on shares of Mohawk Industries from $130.00 to $125.00 and set an "equal weight" rating for the company in a research report on Monday. Finally, Loop Capital reduced their price target on shares of Mohawk Industries from $180.00 to $155.00 and set a "buy" rating for the company in a research report on Monday. 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 company's stock. According to data from MarketBeat, Mohawk Industries has an average rating of "Moderate Buy" and an average target price of $146.92.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 9,078 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was 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 SEC, which is available at the SEC website. Insiders have sold 19,078 shares of company stock valued at $2,474,347 over the last quarter. 17.10% of the stock is currently owned by company insiders.

Mohawk Industries Stock Performance

MHK stock traded up $3.03 during trading on Thursday, reaching $119.78. The stock had a trading volume of 655,491 shares, compared to its average volume of 833,465. Mohawk Industries, Inc. has a 52 week low of $104.88 and a 52 week high of $164.29. The stock's 50 day moving average is $123.32 and its two-hundred day moving average is $140.07. The company has a current ratio of 2.03, a quick ratio of 1.09 and a debt-to-equity ratio of 0.22. The firm has a market cap of $7.56 billion, a PE ratio of 14.73, a PEG ratio of 1.60 and a beta of 1.41.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.10. Mohawk Industries had a return on equity of 8.00% and a net margin of 4.78%. As a group, equities analysts anticipate that Mohawk Industries, Inc. will post 10.71 earnings per share for the current year.

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.