New York State Common Retirement Fund lowered its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 7.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,258 shares of the company’s stock after selling 13,236 shares during the period. New York State Common Retirement Fund owned approximately 0.21% of Mohawk Industries worth $37,283,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First Personal Financial Services increased its position in shares of Mohawk Industries by 6.6% during the second quarter. First Personal Financial Services now owns 568 shares of the company’s stock valued at $137,000 after acquiring an additional 35 shares in the last quarter. IFP Advisors Inc increased its position in shares of Mohawk Industries by 18.6% during the second quarter. IFP Advisors Inc now owns 625 shares of the company’s stock valued at $151,000 after acquiring an additional 98 shares in the last quarter. First Manhattan Co. bought a new stake in shares of Mohawk Industries during the second quarter valued at approximately $160,000. Meeder Asset Management Inc. bought a new stake in shares of Mohawk Industries during the first quarter valued at approximately $179,000. Finally, Bahl & Gaynor Inc. bought a new stake in shares of Mohawk Industries during the first quarter valued at approximately $202,000. 76.93% of the stock is owned by institutional investors.

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MHK has been the subject of several analyst reports. ValuEngine raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. BidaskClub downgraded shares of Mohawk Industries from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research raised shares of Mohawk Industries from a “hold” rating to a “buy” rating and set a $268.00 price target for the company in a research report on Tuesday, July 4th. Royal Bank Of Canada reissued a “buy” rating and set a $267.00 price target on shares of Mohawk Industries in a research report on Monday, July 24th. Finally, MKM Partners reissued a “buy” rating and set a $286.00 price target (up previously from $255.00) on shares of Mohawk Industries in a research report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $266.64.

Shares of Mohawk Industries, Inc. (NYSE MHK) opened at 245.67 on Friday. Mohawk Industries, Inc. has a 52-week low of $175.52 and a 52-week high of $259.91. The firm has a 50-day moving average of $251.35 and a 200-day moving average of $240.22. The company’s market cap is $18.26 billion.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, July 27th. The company reported $3.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.60 by $0.12. Mohawk Industries had a net margin of 10.54% and a return on equity of 16.45%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the prior year, the business posted $3.47 EPS. Mohawk Industries’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts forecast that Mohawk Industries, Inc. will post $13.51 earnings per share for the current year.

In other Mohawk Industries news, VP Rodney David Patton sold 137 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $246.78, for a total transaction of $33,808.86. Following the transaction, the vice president now owns 6,924 shares in the company, valued at approximately $1,708,704.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Jeffrey S. Lorberbaum sold 19,700 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $254.95, for a total transaction of $5,022,515.00. Following the transaction, the chairman now owns 21,396 shares in the company, valued at approximately $5,454,910.20. The disclosure for this sale can be found here. Corporate insiders own 17.00% of the company’s stock.

Mohawk Industries Profile

Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.

Institutional Ownership by Quarter for Mohawk Industries (NYSE:MHK)

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