New York State Common Retirement Fund Has $42.74 Million Position in Mohawk Industries, Inc. (NYSE:MHK)

New York State Common Retirement Fund reduced its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 20.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 265,972 shares of the company’s stock after selling 66,586 shares during the period. New York State Common Retirement Fund’s holdings in Mohawk Industries were worth $42,736,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in shares of Mohawk Industries by 12.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 117,143 shares of the company’s stock valued at $15,333,000 after buying an additional 13,089 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Mohawk Industries during the 1st quarter worth approximately $1,450,000. BNP Paribas Financial Markets lifted its position in shares of Mohawk Industries by 4.7% during the 1st quarter. BNP Paribas Financial Markets now owns 52,984 shares of the company’s stock worth $6,935,000 after buying an additional 2,399 shares in the last quarter. Quent Capital LLC lifted its position in shares of Mohawk Industries by 27.2% during the 1st quarter. Quent Capital LLC now owns 496 shares of the company’s stock worth $65,000 after buying an additional 106 shares in the last quarter. Finally, Graypoint LLC lifted its position in shares of Mohawk Industries by 9.6% during the 1st quarter. Graypoint LLC now owns 3,687 shares of the company’s stock worth $483,000 after buying an additional 323 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Stock Performance

Shares of MHK stock opened at $134.28 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03. Mohawk Industries, Inc. has a fifty-two week low of $78.30 and a fifty-two week high of $164.29. The company has a market capitalization of $8.48 billion, a P/E ratio of 15.21, a PEG ratio of 1.46 and a beta of 1.38. The stock has a 50 day moving average price of $152.80 and a two-hundred day moving average price of $134.22.

Insider Activity

In related news, insider Suzanne L. Helen sold 660 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the sale, the insider now directly owns 118,709 shares of the company’s stock, valued at $17,979,665.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Suzanne L. Helen sold 2,300 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $151.15, for a total value of $347,645.00. Following the sale, the insider now directly owns 119,369 shares of the company’s stock, valued at $18,042,624.35. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Suzanne L. Helen sold 660 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the completion of the sale, the insider now directly owns 118,709 shares in the company, valued at $17,979,665.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,660 shares of company stock valued at $550,488. Company insiders own 17.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MHK shares. Jefferies Financial Group lifted their price target on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Truist Financial cut their price target on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Loop Capital lifted their price objective on Mohawk Industries from $145.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Baird R W raised Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. Finally, Royal Bank of Canada decreased their price objective on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Five investment analysts have rated the stock with a hold rating, seven have assigned 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 a consensus price target of $162.08.

About Mohawk Industries

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.