Mohawk Industries, Inc. (NYSE:MHK) Stake Raised by California Public Employees Retirement System

Share on StockTwits

California Public Employees Retirement System increased its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 54.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,403 shares of the company’s stock after purchasing an additional 44,088 shares during the period. California Public Employees Retirement System owned 0.17% of Mohawk Industries worth $15,559,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Mohawk Industries by 49.9% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 10,809 shares of the company’s stock worth $1,341,000 after purchasing an additional 3,600 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Mohawk Industries by 23.7% in the third quarter. Commonwealth Equity Services LLC now owns 1,937 shares of the company’s stock valued at $240,000 after buying an additional 371 shares in the last quarter. UMB Bank N A MO increased its holdings in shares of Mohawk Industries by 10.5% in the third quarter. UMB Bank N A MO now owns 4,669 shares of the company’s stock valued at $579,000 after buying an additional 445 shares in the last quarter. Smithfield Trust Co. increased its holdings in shares of Mohawk Industries by 1,066.7% in the third quarter. Smithfield Trust Co. now owns 280 shares of the company’s stock valued at $35,000 after buying an additional 256 shares in the last quarter. Finally, BB&T Securities LLC increased its holdings in shares of Mohawk Industries by 2.7% in the third quarter. BB&T Securities LLC now owns 15,618 shares of the company’s stock valued at $1,931,000 after buying an additional 409 shares in the last quarter. 83.26% of the stock is currently owned by hedge funds and other institutional investors.

NYSE MHK opened at $152.03 on Friday. Mohawk Industries, Inc. has a twelve month low of $108.93 and a twelve month high of $156.60. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.77 and a current ratio of 1.52. The stock has a market cap of $10.65 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 1.99 and a beta of 1.34. The firm’s 50 day moving average price is $130.61 and its two-hundred day moving average price is $133.54.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, October 24th. The company reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.64 by $0.11. Mohawk Industries had a net margin of 7.09% and a return on equity of 9.82%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the previous year, the company posted $3.29 EPS. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. On average, research analysts forecast that Mohawk Industries, Inc. will post 9.97 EPS for the current fiscal year.

In related news, Director Filip Balcaen purchased 12,500 shares of the stock in a transaction dated Thursday, August 15th. The shares were acquired at an average cost of $109.98 per share, for a total transaction of $1,374,750.00. Following the acquisition, the director now directly owns 1,519 shares in the company, valued at approximately $167,059.62. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Suzanne L. Helen sold 26,316 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $152.10, for a total transaction of $4,002,663.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,205 shares of company stock worth $5,831,913. 18.00% of the stock is currently owned by corporate insiders.

MHK has been the topic of several research reports. JPMorgan Chase & Co. dropped their price target on Mohawk Industries from $130.00 to $118.00 and set an “underweight” rating on the stock in a report on Monday, July 29th. Robert W. Baird lifted their price objective on shares of Mohawk Industries from $150.00 to $168.00 and gave the stock an “outperform” rating in a research report on Monday, October 28th. Nomura lowered their price objective on shares of Mohawk Industries from $176.00 to $167.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Zacks Investment Research cut shares of Mohawk Industries from a “hold” rating to a “sell” rating and set a $131.00 price objective on the stock. in a research report on Thursday, August 1st. Finally, Stifel Nicolaus lifted their price objective on shares of Mohawk Industries from $145.00 to $165.00 in a research report on Monday, October 28th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. Mohawk Industries currently has an average rating of “Hold” and a consensus target price of $140.20.

About Mohawk Industries

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

Featured Article: Initial Public Offering (IPO)

Institutional Ownership by Quarter for Mohawk Industries (NYSE:MHK)

Receive News & Ratings for Mohawk Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.