New York State Common Retirement Fund Has $17.25 Million Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

New York State Common Retirement Fund trimmed its holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 45.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 144,762 shares of the company's stock after selling 121,210 shares during the quarter. New York State Common Retirement Fund owned approximately 0.23% of Mohawk Industries worth $17,245,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MHK. JPMorgan Chase & Co. grew its stake in Mohawk Industries by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 3,024,539 shares of the company's stock worth $485,983,000 after buying an additional 74,123 shares during the period. FMR LLC grew its holdings in shares of Mohawk Industries by 52.3% in the 3rd quarter. FMR LLC now owns 2,179,510 shares of the company's stock worth $350,204,000 after acquiring an additional 748,070 shares during the last quarter. State Street Corp grew its stake in Mohawk Industries by 1.3% during the 3rd quarter. State Street Corp now owns 1,846,446 shares of the company's stock valued at $296,687,000 after acquiring an additional 23,016 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in 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 acquiring an additional 254,779 shares in the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of Mohawk Industries by 7.4% during the 4th quarter. Truist Financial Corp now owns 374,456 shares of the company's stock worth $44,609,000 after buying an additional 25,864 shares during the period. Institutional investors and hedge funds own 78.98% of the company's stock.

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Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 2,000 shares of Mohawk Industries stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total value of $270,960.00. Following the completion of the transaction, the insider now directly owns 2,453 shares in the company, valued at approximately $332,332.44. This trade represents a 44.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 19,078 shares of company stock worth $2,474,347 in the last quarter. 17.10% of the stock is owned by insiders.

Mohawk Industries Stock Performance

Shares of MHK traded down $0.55 during trading hours on Wednesday, reaching $118.22. 184,123 shares of the company traded hands, compared to its average volume of 783,051. The business has a fifty day moving average price of $121.34 and a 200-day moving average price of $137.85. 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, Inc. has a 12-month low of $104.88 and a 12-month high of $164.29. The stock has a market capitalization of $7.46 billion, a P/E ratio of 14.53, a P/E/G ratio of 1.44 and a beta of 1.41.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.95 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%. Equities analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MHK shares. StockNews.com lowered shares of Mohawk Industries from a "buy" rating to a "hold" rating in a report on Friday, February 7th. Robert W. Baird decreased their price objective on Mohawk Industries from $160.00 to $152.00 and set an "outperform" rating for the company in a report on Monday, February 10th. Loop Capital cut their price objective 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, February 10th. Wolfe Research raised Mohawk Industries from a "peer perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a report on Wednesday, January 8th. Finally, 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. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Mohawk Industries currently has a consensus rating of "Moderate Buy" and a consensus price target of $146.92.

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.