Mohawk Industries, Inc. (NYSE:MHK) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 5.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,014 shares of the company’s stock after selling 215 shares during the period. Kentucky Retirement Systems’ holdings in Mohawk Industries were worth $525,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MHK. Quarry LP boosted its position in Mohawk Industries by 70.4% during the fourth quarter. Quarry LP now owns 421 shares of the company’s stock worth $44,000 after purchasing an additional 174 shares in the last quarter. Allworth Financial LP boosted its position in shares of Mohawk Industries by 88.1% in the fourth quarter. Allworth Financial LP now owns 521 shares of the company’s stock worth $54,000 after buying an additional 244 shares during the period. Signaturefd LLC boosted its position in shares of Mohawk Industries by 29.4% in the fourth quarter. Signaturefd LLC now owns 563 shares of the company’s stock worth $58,000 after buying an additional 128 shares during the period. Quent Capital LLC boosted its holdings in Mohawk Industries by 27.2% in the first quarter. Quent Capital LLC now owns 496 shares of the company’s stock valued at $65,000 after purchasing an additional 106 shares during the last quarter. Finally, TFO Wealth Partners LLC boosted its holdings in Mohawk Industries by 32,500.0% in the fourth quarter. TFO Wealth Partners LLC now owns 652 shares of the company’s stock valued at $67,000 after purchasing an additional 650 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 1,800 shares of Mohawk Industries stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $111.74, for a total value of $201,132.00. Following the completion of the sale, the insider now directly owns 122,369 shares in the company, valued at $13,673,512.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 17.10% of the company’s stock.

Mohawk Industries Trading Up 1.2 %

Shares of MHK stock traded up $1.98 on Monday, hitting $162.69. 721,825 shares of the company’s stock traded hands, compared to its average volume of 718,686. The stock has a market capitalization of $10.39 billion, a price-to-earnings ratio of -24.92, a P/E/G ratio of 1.88 and a beta of 1.38. Mohawk Industries, Inc. has a one year low of $76.02 and a one year high of $163.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.04 and a current ratio of 1.92. The company’s fifty day simple moving average is $118.04 and its 200 day simple moving average is $116.11.

Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, July 25th. The company reported $3.00 EPS for the quarter, topping the consensus estimate of $2.75 by $0.25. Mohawk Industries had a negative net margin of 3.30% and a positive return on equity of 8.07%. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period last year, the company posted $2.76 EPS. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. Equities analysts forecast that Mohawk Industries, Inc. will post 9.49 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on MHK shares. JPMorgan Chase & Co. raised their target price on Mohawk Industries from $122.00 to $124.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Royal Bank of Canada lifted their price objective on Mohawk Industries from $108.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Monday. Wells Fargo & Company lifted their price objective on Mohawk Industries from $110.00 to $140.00 and gave the company an “underweight” rating in a report on Monday. The Goldman Sachs Group upped their target price on shares of Mohawk Industries from $141.00 to $185.00 and gave the company a “buy” rating in a research report on Monday. Finally, Robert W. Baird boosted their price target on shares of Mohawk Industries from $132.00 to $160.00 and gave the company a “neutral” rating in a report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Mohawk Industries currently has a consensus rating of “Moderate Buy” and an average price target of $153.42.

Mohawk Industries Company Profile

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.