Mutual of America Capital Management LLC Has $696,000 Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

Mutual of America Capital Management LLC lessened its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 2.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,097 shares of the company’s stock after selling 182 shares during the period. Mutual of America Capital Management LLC’s holdings in Mohawk Industries were worth $696,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in MHK. Sound Shore Management Inc. CT bought a new position in shares of Mohawk Industries in the first quarter valued at approximately $61,159,000. Millennium Management LLC raised its position in Mohawk Industries by 66.2% in the 4th quarter. Millennium Management LLC now owns 898,322 shares of the company’s stock valued at $107,017,000 after buying an additional 357,687 shares during the last quarter. GAMMA Investing LLC lifted its stake in Mohawk Industries by 12,165.8% during the 1st quarter. GAMMA Investing LLC now owns 310,570 shares of the company’s stock valued at $35,461,000 after acquiring an additional 308,038 shares in the last quarter. Two Sigma Investments LP boosted its holdings in Mohawk Industries by 394.5% during the 4th quarter. Two Sigma Investments LP now owns 313,547 shares of the company’s stock worth $37,353,000 after acquiring an additional 250,145 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in shares of Mohawk Industries in the 4th quarter worth $27,519,000. Institutional investors own 78.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Mohawk Industries from $139.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Wall Street Zen downgraded Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Robert W. Baird upped their target price on Mohawk Industries from $130.00 to $142.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Barclays lifted their price target on Mohawk Industries from $111.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $123.00 price objective (up previously from $119.00) on shares of Mohawk Industries in a research note on Monday, July 28th. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.14.

Mohawk Industries Price Performance

NYSE MHK opened at $119.98 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 0.21. The company has a market cap of $7.45 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 2.62 and a beta of 1.28. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $164.29. The firm’s 50-day simple moving average is $109.68 and its two-hundred day simple moving average is $110.71.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, July 24th. The company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.15. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.30%. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the prior year, the company posted $3.00 EPS. Mohawk Industries’s revenue was up .0% compared to the same quarter last year. Research analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Insider Buying and Selling at Mohawk Industries

In related news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $120.81, for a total transaction of $1,932,960.00. Following the sale, the chief executive officer owned 33,600 shares of the company’s stock, valued at approximately $4,059,216. This represents a 32.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Suzanne L. Helen sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $120.60, for a total value of $301,500.00. Following the completion of the transaction, the insider owned 91,084 shares of the company’s stock, valued at approximately $10,984,730.40. This represents a 2.67% decrease in their position. The disclosure for this sale can be found here. 17.40% of the stock is currently owned by insiders.

Mohawk Industries 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.