Arizona State Retirement System boosted its position in shares of Mohawk Industries, Inc. (NYSE:MHK – Get Rating) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,387 shares of the company’s stock after acquiring an additional 430 shares during the period. Arizona State Retirement System’s holdings in Mohawk Industries were worth $1,471,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC purchased a new position in shares of Mohawk Industries in the fourth quarter worth $27,000. Wipfli Financial Advisors LLC purchased a new position in shares of Mohawk Industries in the third quarter worth $33,000. Covestor Ltd raised its holdings in shares of Mohawk Industries by 191.0% in the first quarter. Covestor Ltd now owns 390 shares of the company’s stock worth $49,000 after buying an additional 256 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Mohawk Industries by 100.0% in the third quarter. Canada Pension Plan Investment Board now owns 400 shares of the company’s stock worth $36,000 after buying an additional 200 shares during the last quarter. Finally, Ronald Blue Trust Inc. raised its holdings in shares of Mohawk Industries by 116.5% in the fourth quarter. Ronald Blue Trust Inc. now owns 630 shares of the company’s stock worth $57,000 after buying an additional 339 shares during the last quarter. Hedge funds and other institutional investors own 75.85% of the company’s stock.
Mohawk Industries Stock Down 0.2 %
MHK stock opened at $97.76 on Friday. The firm has a market cap of $6.23 billion, a PE ratio of -44.04, a P/E/G ratio of 2.37 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.00 and a current ratio of 1.83. The firm’s fifty day moving average is $97.95 and its 200 day moving average is $103.25. Mohawk Industries, Inc. has a one year low of $87.01 and a one year high of $142.65.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Credit Suisse Group decreased their price target on shares of Mohawk Industries from $109.00 to $103.00 in a report on Monday, March 20th. Loop Capital upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research note on Tuesday, April 11th. Barclays increased their price objective on shares of Mohawk Industries from $83.00 to $105.00 and gave the stock an “underweight” rating in a research note on Monday, February 13th. StockNews.com started coverage on shares of Mohawk Industries in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Finally, Bank of America cut their price objective on shares of Mohawk Industries from $110.00 to $108.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 19th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $123.08.
Insider Buying and Selling at Mohawk Industries
In other Mohawk Industries news, insider Suzanne L. Helen sold 2,700 shares of the stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $116.40, for a total transaction of $314,280.00. Following the transaction, the insider now directly owns 14,353 shares of the company’s stock, valued at $1,670,689.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Mohawk Industries news, insider Suzanne L. Helen sold 2,700 shares of the stock in a transaction on Thursday, February 16th. The shares were sold at an average price of $116.40, for a total transaction of $314,280.00. Following the transaction, the insider now directly owns 14,353 shares of the company’s stock, valued at $1,670,689.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Suzanne L. Helen sold 5,200 shares of the stock in a transaction on Monday, February 13th. The shares were sold at an average price of $119.59, for a total transaction of $621,868.00. Following the transaction, the insider now directly owns 14,853 shares in the company, valued at $1,776,270.27. The disclosure for this sale can be found here. Insiders have sold a total of 12,150 shares of company stock valued at $1,374,876 over the last ninety days. Corporate insiders own 17.20% of the company’s stock.
Mohawk Industries Profile
Mohawk Industries, Inc engages in the manufacture, design, and distribution of residential and commercial flooring products. It operates through the following segments: Global Ceramic, Flooring North America (NA), and Flooring Rest of the World (ROW). The Global Ceramic segment manufactures ceramic, porcelain, and natural stone tile products used for wall and floor applications.
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