California State Teachers Retirement System trimmed its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 7.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,124 shares of the company’s stock after selling 9,297 shares during the period. California State Teachers Retirement System owned about 0.15% of Mohawk Industries worth $27,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Glenview Capital Management LLC grew its holdings in Mohawk Industries by 17.7% during the 2nd quarter. Glenview Capital Management LLC now owns 422,233 shares of the company’s stock worth $102,049,000 after acquiring an additional 63,346 shares in the last quarter. Newbrook Capital Advisors LP grew its holdings in Mohawk Industries by 405.1% during the 2nd quarter. Newbrook Capital Advisors LP now owns 193,175 shares of the company’s stock worth $46,688,000 after acquiring an additional 154,932 shares in the last quarter. Sciencast Management LP bought a new position in Mohawk Industries during the 2nd quarter worth about $814,000. Janus Henderson Group PLC grew its holdings in Mohawk Industries by 399.2% during the 2nd quarter. Janus Henderson Group PLC now owns 34,392 shares of the company’s stock worth $8,312,000 after acquiring an additional 27,503 shares in the last quarter. Finally, Fred Alger Management Inc. grew its holdings in Mohawk Industries by 37.0% during the 2nd quarter. Fred Alger Management Inc. now owns 9,500 shares of the company’s stock worth $2,296,000 after acquiring an additional 2,566 shares in the last quarter. Institutional investors own 76.93% of the company’s stock.

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

MHK has been the topic of several recent research reports. Credit Suisse Group initiated coverage on shares of Mohawk Industries in a report on Thursday, June 22nd. They set an “outperform” rating and a $274.00 target price on the stock. BidaskClub lowered shares of Mohawk Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 30th. 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 from $255.00) on shares of Mohawk Industries in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the stock. Mohawk Industries currently has a consensus rating of “Buy” and an average price target of $273.55.

Mohawk Industries, Inc. (NYSE MHK) opened at 254.99 on Friday. Mohawk Industries, Inc. has a one year low of $175.52 and a one year high of $259.91. The company has a 50-day moving average of $253.13 and a 200 day moving average of $243.11. The firm’s market cap is $18.96 billion.

Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, July 27th. The company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.60 by $0.12. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Mohawk Industries had a return on equity of 16.45% and a net margin of 10.54%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.47 earnings per share. Equities research analysts expect that Mohawk Industries, Inc. will post $13.50 earnings per share for the current fiscal year.

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About Mohawk Industries

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.

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

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