Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by New York State Common Retirement Fund

Share on StockTwits

New York State Common Retirement Fund cut its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 1.5% in the 4th quarter, HoldingsChannel reports. The fund owned 265,627 shares of the company’s stock after selling 4,000 shares during the period. New York State Common Retirement Fund’s holdings in Mohawk Industries were worth $36,226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of MHK. LS Investment Advisors LLC increased its holdings in shares of Mohawk Industries by 1.8% during the 3rd quarter. LS Investment Advisors LLC now owns 4,881 shares of the company’s stock worth $606,000 after buying an additional 87 shares during the last quarter. First Mercantile Trust Co. increased its holdings in shares of Mohawk Industries by 27.1% during the 4th quarter. First Mercantile Trust Co. now owns 573 shares of the company’s stock worth $78,000 after buying an additional 122 shares during the last quarter. Capital Investment Advisory Services LLC increased its holdings in shares of Mohawk Industries by 294.1% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 201 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the last quarter. Lafayette Investments Inc. increased its holdings in shares of Mohawk Industries by 0.5% during the 3rd quarter. Lafayette Investments Inc. now owns 34,285 shares of the company’s stock worth $4,254,000 after buying an additional 170 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of Mohawk Industries by 70.3% during the 4th quarter. Quadrant Capital Group LLC now owns 540 shares of the company’s stock worth $69,000 after buying an additional 223 shares during the last quarter. Institutional investors own 79.77% of the company’s stock.

Shares of Mohawk Industries stock opened at $137.98 on Friday. The company has a fifty day moving average price of $134.10 and a 200 day moving average price of $130.30. The company has a current ratio of 1.52, a quick ratio of 0.77 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a twelve month low of $108.93 and a twelve month high of $156.60. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 1.68 and a beta of 1.36.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, February 13th. The company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.05. Mohawk Industries had a net margin of 7.46% and a return on equity of 9.39%. The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the company earned $2.53 EPS. The firm’s revenue was down 1.0% on a year-over-year basis. Analysts forecast that Mohawk Industries, Inc. will post 10.55 earnings per share for the current year.

In related news, insider Suzanne L. Helen sold 7,000 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $138.94, for a total transaction of $972,580.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 18.00% of the stock is currently owned by corporate insiders.

A number of research firms have recently commented on MHK. JPMorgan Chase & Co. upgraded Mohawk Industries from an “underweight” rating to a “neutral” rating and set a $136.00 price objective for the company in a report on Thursday, January 16th. Zacks Investment Research downgraded Mohawk Industries from a “hold” rating to a “sell” rating and set a $136.00 price objective for the company. in a report on Tuesday, January 14th. Raymond James dropped their price objective on Mohawk Industries from $145.00 to $140.00 and set an “outperform” rating for the company in a report on Tuesday, October 22nd. Cfra dropped their price objective on Mohawk Industries from $145.00 to $135.00 and set a “hold” rating for the company in a report on Friday. Finally, Robert W. Baird upped their price objective on Mohawk Industries from $150.00 to $168.00 and gave the stock an “outperform” rating in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $145.36.

Mohawk Industries Company Profile

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).

Recommended Story: Purposes and Functions of the Federal Reserve

Want to see what other hedge funds are holding MHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mohawk Industries, Inc. (NYSE:MHK).

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


 
© 2006-2020 BBNS.