Kentucky Retirement Systems Decreases Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Kentucky Retirement Systems decreased its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 8.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,650 shares of the company’s stock after selling 344 shares during the period. Kentucky Retirement Systems’ holdings in Mohawk Industries were worth $586,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC acquired a new position in Mohawk Industries during the 1st quarter valued at approximately $1,450,000. Vanguard Group Inc. increased its stake in Mohawk Industries by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 6,257,677 shares of the company’s stock valued at $819,067,000 after purchasing an additional 17,541 shares in the last quarter. Maverick Capital Ltd. acquired a new position in Mohawk Industries during the 2nd quarter valued at approximately $1,253,000. Thompson Siegel & Walmsley LLC increased its stake in Mohawk Industries by 115.5% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 90,784 shares of the company’s stock valued at $10,312,000 after purchasing an additional 48,653 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Mohawk Industries by 4.5% during the 2nd quarter. American Century Companies Inc. now owns 914,578 shares of the company’s stock valued at $103,887,000 after purchasing an additional 39,653 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Down 2.0 %

MHK stock opened at $135.64 on Wednesday. The firm has a market cap of $8.56 billion, a PE ratio of 15.36, a P/E/G ratio of 1.55 and a beta of 1.38. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03. The firm’s fifty day moving average is $150.29 and its 200 day moving average is $136.98. Mohawk Industries, Inc. has a one year low of $82.71 and a one year high of $164.29.

Analyst Ratings Changes

A number of brokerages have issued reports on MHK. Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and upped their price target for the company from $160.00 to $196.00 in a research note on Monday, October 21st. Barclays cut their price objective on shares of Mohawk Industries from $161.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Jefferies Financial Group increased their price objective on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. increased their price objective on shares of Mohawk Industries from $124.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Truist Financial cut their price objective on shares of Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Mohawk Industries currently has an average rating of “Moderate Buy” and a consensus target price of $162.08.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 660 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $151.46, for a total transaction of $99,963.60. Following the transaction, the insider now directly owns 118,709 shares of the company’s stock, valued at $17,979,665.14. This trade represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 17.10% of the stock is owned by company insiders.

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.