New York State Common Retirement Fund Has $22.14 Million Stake in Mohawk Industries, Inc. (NYSE:MHK)

New York State Common Retirement Fund raised its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 34.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 193,920 shares of the company's stock after buying an additional 49,158 shares during the period. New York State Common Retirement Fund owned about 0.31% of Mohawk Industries worth $22,142,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Resona Asset Management Co. Ltd. bought a new position in shares of Mohawk Industries in the 4th quarter worth $41,000. Huntington National Bank boosted its position in shares of Mohawk Industries by 27.4% in the 4th quarter. Huntington National Bank now owns 554 shares of the company's stock worth $66,000 after purchasing an additional 119 shares during the last quarter. Allworth Financial LP boosted its position in shares of Mohawk Industries by 36.2% in the 1st quarter. Allworth Financial LP now owns 595 shares of the company's stock worth $65,000 after purchasing an additional 158 shares during the last quarter. Mufg Securities Americas Inc. bought a new position in shares of Mohawk Industries in the 4th quarter worth $92,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Mohawk Industries in the 4th quarter worth $114,000. 78.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on MHK. Wells Fargo & Company lifted their target price on Mohawk Industries from $105.00 to $115.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft began coverage on Mohawk Industries in a report on Tuesday, April 1st. They set a "hold" rating and a $121.00 target price on the stock. Barclays reduced their target price on Mohawk Industries from $115.00 to $111.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Wall Street Zen lowered Mohawk Industries from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. reduced their target price on Mohawk Industries from $156.00 to $139.00 and set an "overweight" rating on the stock in a report on Tuesday, May 6th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Mohawk Industries currently has an average rating of "Moderate Buy" and an average target price of $140.71.

Mohawk Industries Stock Up 0.5%

Shares of Mohawk Industries stock traded up $0.60 during trading on Friday, reaching $111.85. The stock had a trading volume of 129,389 shares, compared to its average volume of 764,096. The company has a current ratio of 2.01, a quick ratio of 1.13 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $105.25 and a two-hundred day moving average price of $111.55. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 14.60, a P/E/G ratio of 4.25 and a beta of 1.18. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.41 by $0.11. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.56 billion. Mohawk Industries had a return on equity of 7.68% and a net margin of 4.54%. Mohawk Industries's quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 earnings per share. Sell-side analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Mohawk Industries Company Profile

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.