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

New York State Common Retirement Fund raised its stake in Mohawk Industries, Inc. (NYSE:MHK) by 43.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 278,499 shares of the company’s stock after buying an additional 84,018 shares during the period. New York State Common Retirement Fund’s holdings in Mohawk Industries were worth $35,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the company. one8zero8 LLC purchased a new stake in shares of Mohawk Industries in the 3rd quarter worth approximately $229,000. Vanguard Personalized Indexing Management LLC lifted its holdings in Mohawk Industries by 10.9% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 5,495 shares of the company’s stock worth $708,000 after buying an additional 540 shares during the period. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Mohawk Industries during the 3rd quarter valued at $20,054,000. ARGA Investment Management LP increased its holdings in shares of Mohawk Industries by 1,508.1% in the 3rd quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock valued at $63,008,000 after acquiring an additional 458,349 shares during the period. Finally, Resona Asset Management Co. Ltd. raised its position in shares of Mohawk Industries by 22.6% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 612 shares of the company’s stock worth $78,000 after acquiring an additional 113 shares in the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mohawk Industries

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Vertical Research began coverage on shares of Mohawk Industries in a research report on Monday, October 20th. They set a “buy” rating for the company. Barclays set a $121.00 target price on shares of Mohawk Industries in a research report on Monday, December 8th. Wells Fargo & Company lowered 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 research note on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mohawk Industries in a research report on Wednesday. Finally, Wall Street Zen lowered Mohawk Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $133.83.

Mohawk Industries Price Performance

NYSE:MHK opened at $118.39 on Friday. The firm’s fifty day moving average is $114.25 and its two-hundred day moving average is $119.67. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 2.14 and a beta of 1.22. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 2.25. Mohawk Industries, Inc. has a one year low of $96.24 and a one year high of $143.13.

Mohawk Industries 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.