3 days Ago By ABMN Staff
California Public Employees Retirement System cut its holdings in shares of Mohawk Industries, Inc. ( NYSE:MHK – Free Report ) by 10.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission.
The firm owned 86,525 shares of the company’s stock after selling 9,745 shares during the period. California Public Employees Retirement System owned approximately 0.14% of Mohawk Industries worth $10,308,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Contravisory Investment Management Inc. grew its holdings in Mohawk Industries by 2.
2% in the fourth quarter. Contravisory Investment Management Inc. now owns 5,711 shares of the company’s stock valued at $680,000 after purchasing an additional 121 shares during the period.
Wealth Enhancement Advisory Services LLC grew its stake in Mohawk Industries by 1.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,874 shares of the company’s stock valued at $819,000 after acquiring an additional 130 shares during the period.
Nomura Asset Management Co. Ltd. increased its holdings in Mohawk Industries by 11.
9% in the 3rd quarter. Nomura Asset Management Co. Ltd.
now owns 1,518 shares of the company’s stock worth $244,000 after acquiring an additional 161 shares in the last quarter. CIBC Asset Management Inc raised its position in Mohawk Industries by 2.5% during the fourth quarter.
CIBC Asset Management Inc now owns 7,816 shares of the company’s stock worth $931,000 after acquiring an additional 190 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Mohawk Industries by 71.0% during the fourth quarter.
Versant Capital Management Inc now owns 537 shares of the company’s stock valued at $64,000 after purchasing an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.
Insider Buying and Selling at Mohawk Industries In other news, insider Suzanne L. Helen sold 10,500 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $113.
44, for a total value of $1,191,120.00. Following the sale, the insider now directly owns 93,584 shares of the company’s stock, valued at approximately $10,616,168.
96. The trade was a 10.09 % decrease in their position.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . 17.10% of the stock is currently owned by corporate insiders.
Mohawk Industries Stock Down 2.1 % Mohawk Industries ( NYSE:MHK – Get Free Report ) last posted its earnings results on Thursday, February 6th. The company reported $1.
95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.10.
Mohawk Industries had a return on equity of 8.04% and a net margin of 4.78%.
On average, equities research analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.
Analyst Ratings Changes MHK has been the subject of several research analyst reports. Raymond James restated a “strong-buy” rating and set a $165.00 price target (down previously from $185.
00) on shares of Mohawk Industries in a research report on Monday, February 10th. JPMorgan Chase & Co. decreased their target price on Mohawk Industries from $161.
00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Truist Financial lowered their price target on Mohawk Industries from $155.
00 to $148.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company decreased their price objective on Mohawk Industries from $135.
00 to $130.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Finally, Loop Capital dropped their target price on shares of Mohawk Industries from $180.
00 to $155.00 and set a “buy” rating for the company in a report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock.
According to data from MarketBeat, Mohawk Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.07. Read Our Latest Research Report on MHK Mohawk Industries Profile ( Free Report ) 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. Read More Receive News & Ratings for Mohawk Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mohawk Industries and related companies with MarketBeat.com's FREE daily email newsletter .
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