California Public Employees Retirement System Has $10.31 Million Holdings in Mohawk Industries, Inc. (NYSE:MHK)

California Public Employees Retirement System cut its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 10.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,525 shares of the company's stock after selling 9,745 shares during the quarter. California Public Employees Retirement System owned 0.14% of Mohawk Industries worth $10,308,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Mohawk Industries during the third quarter valued at approximately $55,000. Versant Capital Management Inc raised its stake in Mohawk Industries by 71.0% during the 4th quarter. Versant Capital Management Inc now owns 537 shares of the company's stock valued at $64,000 after purchasing an additional 223 shares during the period. R Squared Ltd purchased a new stake in shares of Mohawk Industries in the fourth quarter valued at $66,000. Jones Financial Companies Lllp lifted its holdings in shares of Mohawk Industries by 233.0% in the fourth quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock valued at $85,000 after purchasing an additional 501 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Mohawk Industries in the fourth quarter worth $88,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Stock Up 2.0 %

NYSE:MHK traded up $2.04 during trading hours on Friday, reaching $105.06. The company's stock had a trading volume of 667,630 shares, compared to its average volume of 738,958. Mohawk Industries, Inc. has a one year low of $96.24 and a one year high of $164.29. The business's 50-day moving average is $114.44 and its 200-day moving average is $128.44. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 12.92, a price-to-earnings-growth ratio of 1.44 and a beta of 1.23.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MHK shares. Deutsche Bank Aktiengesellschaft assumed coverage on Mohawk Industries in a research report on Tuesday, April 1st. They set a "hold" rating and a $121.00 price target on the stock. Evercore ISI dropped their target price on Mohawk Industries from $150.00 to $140.00 and set an "in-line" rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group decreased their price target on shares of Mohawk Industries from $170.00 to $145.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. StockNews.com lowered shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, April 2nd. Finally, Robert W. Baird cut their target price on shares of Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a research report on Monday, February 10th. Seven 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, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $144.36.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 10,500 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $113.44, for a total transaction of $1,191,120.00. Following the completion of the transaction, the insider now owns 93,584 shares of the company's stock, valued at $10,616,168.96. The trade was a 10.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.