Kentucky Retirement Systems Sells 344 Shares of Mohawk Industries, Inc. (NYSE:MHK)

Kentucky Retirement Systems cut its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 8.6% during the third quarter, according to the company in its most recent 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 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MHK. Signaturefd LLC grew its holdings in Mohawk Industries by 12.5% during the 3rd quarter. Signaturefd LLC now owns 683 shares of the company’s stock valued at $110,000 after purchasing an additional 76 shares during the last quarter. Quest Partners LLC grew its holdings in Mohawk Industries by 40.0% during the 2nd quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after purchasing an additional 84 shares during the last quarter. State of Michigan Retirement System grew its holdings in Mohawk Industries by 0.7% during the 2nd quarter. State of Michigan Retirement System now owns 14,545 shares of the company’s stock valued at $1,652,000 after purchasing an additional 100 shares during the last quarter. Allworth Financial LP grew its holdings in Mohawk Industries by 20.6% during the 3rd quarter. Allworth Financial LP now owns 626 shares of the company’s stock valued at $101,000 after purchasing an additional 107 shares during the last quarter. Finally, US Bancorp DE grew its holdings in Mohawk Industries by 3.9% during the 3rd quarter. US Bancorp DE now owns 3,920 shares of the company’s stock valued at $630,000 after purchasing an additional 146 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 660 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 118,709 shares of the company’s stock, valued at $17,979,665.14. This represents a 0.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 17.10% of the stock is currently owned by corporate insiders.

Mohawk Industries Price Performance

Shares of MHK opened at $135.64 on Wednesday. The company has a 50 day moving average price of $150.29 and a 200-day moving average price of $136.98. Mohawk Industries, Inc. has a fifty-two week low of $82.71 and a fifty-two week high of $164.29. The stock has a market capitalization of $8.56 billion, a PE ratio of 15.36, a PEG 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.

Analysts Set New Price Targets

Several brokerages recently commented on MHK. Baird R W upgraded shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. Truist Financial dropped their target price 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. Bank of America upgraded shares of Mohawk Industries from an “underperform” rating to a “buy” rating and upped their target price for the stock from $120.00 to $177.00 in a research note on Friday, July 26th. Wells Fargo & Company upgraded shares of Mohawk Industries from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $140.00 to $160.00 in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. upped their target price 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. Five 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 stock. According to MarketBeat, Mohawk Industries presently has a consensus rating of “Moderate Buy” and an average target price of $162.08.

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.