New York State Common Retirement Fund Buys 84,018 Shares of Mohawk Industries, Inc. $MHK

New York State Common Retirement Fund boosted its position in Mohawk Industries, Inc. (NYSE:MHK) by 43.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 278,499 shares of the company’s stock after acquiring an additional 84,018 shares during the quarter. New York State Common Retirement Fund owned 0.45% of Mohawk Industries worth $35,904,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its position in Mohawk Industries by 7.4% during the second quarter. Invesco Ltd. now owns 1,957,197 shares of the company’s stock valued at $205,192,000 after acquiring an additional 135,246 shares during the last quarter. State Street Corp boosted its stake in shares of Mohawk Industries by 2.1% in the 2nd quarter. State Street Corp now owns 1,915,831 shares of the company’s stock valued at $200,856,000 after purchasing an additional 39,556 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Mohawk Industries by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,829,830 shares of the company’s stock valued at $235,902,000 after purchasing an additional 9,516 shares during the last quarter. Geode Capital Management LLC raised its position in Mohawk Industries by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,358,212 shares of the company’s stock worth $142,124,000 after purchasing an additional 4,085 shares during the period. Finally, Pzena Investment Management LLC lifted its stake in Mohawk Industries by 5.4% in the second quarter. Pzena Investment Management LLC now owns 1,175,775 shares of the company’s stock worth $123,268,000 after purchasing an additional 59,831 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MHK shares. Evercore ISI cut their target price on shares of Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating on the stock in a report on Wednesday, November 19th. Barclays set a $121.00 price target on shares of Mohawk Industries in a report on Monday, December 8th. Vertical Research started coverage on shares of Mohawk Industries in a research note on Monday, October 20th. They set a “buy” rating for the company. Wells Fargo & Company dropped their target price on shares of Mohawk Industries from $125.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday, December 15th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $150.00 price target (up previously from $140.00) on shares of Mohawk Industries in a report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mohawk Industries presently has an average rating of “Moderate Buy” and a consensus target price of $133.83.

Mohawk Industries Stock Performance

Shares of MHK opened at $118.39 on Friday. The company has a market cap of $7.32 billion, a price-to-earnings ratio of 17.62, a P/E/G ratio of 2.14 and a beta of 1.22. The business’s fifty day simple moving average is $114.25 and its two-hundred day simple moving average is $119.67. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $143.13. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21.

Insider Buying and Selling

In other news, insider Suzanne L. Helen sold 3,500 shares of Mohawk Industries stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $110.36, for a total transaction of $386,260.00. Following the sale, the insider owned 70,593 shares in the company, valued at $7,790,643.48. This trade represents a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 17,135 shares of company stock valued at $1,892,137. 17.40% of the stock is currently owned by insiders.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.

The company’s product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.