Illinois Municipal Retirement Fund Purchases Shares of 10,337 Mohawk Industries, Inc. (NYSE:MHK)

Illinois Municipal Retirement Fund bought a new stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,337 shares of the company's stock, valued at approximately $1,070,000.

A number of other hedge funds also recently modified their holdings of MHK. Fifth Third Bancorp raised its holdings in shares of Mohawk Industries by 5.5% during the fourth quarter. Fifth Third Bancorp now owns 2,006 shares of the company's stock worth $208,000 after acquiring an additional 105 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Mohawk Industries by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 23,225 shares of the company's stock worth $1,993,000 after acquiring an additional 120 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Mohawk Industries by 29.4% during the fourth quarter. Signaturefd LLC now owns 563 shares of the company's stock worth $58,000 after acquiring an additional 128 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Mohawk Industries by 2.1% during the fourth quarter. SG Americas Securities LLC now owns 6,744 shares of the company's stock worth $698,000 after acquiring an additional 136 shares in the last quarter. Finally, Huntington National Bank raised its holdings in Mohawk Industries by 36.0% during the third quarter. Huntington National Bank now owns 540 shares of the company's stock valued at $46,000 after buying an additional 143 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 Mohawk Industries news, VP Rodney David Patton sold 1,551 shares of Mohawk Industries stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $119.51, for a total transaction of $185,360.01. Following the sale, the vice president now directly owns 15,321 shares of the company's stock, valued at $1,831,012.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 17.10% of the company's stock.

Mohawk Industries Stock Performance

MHK stock traded up $5.18 during trading on Friday, reaching $115.45. 1,100,161 shares of the stock were exchanged, compared to its average volume of 585,017. Mohawk Industries, Inc. has a twelve month low of $76.02 and a twelve month high of $131.19. The company has a market capitalization of $7.35 billion, a P/E ratio of -17.65 and a beta of 1.34. The stock has a 50 day simple moving average of $118.86 and a 200-day simple moving average of $103.23. The company has a current ratio of 1.78, a quick ratio of 0.97 and a debt-to-equity ratio of 0.22.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.16. The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.64 billion. Mohawk Industries had a positive return on equity of 7.71% and a negative net margin of 3.77%. The company's quarterly revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.75 earnings per share. As a group, sell-side analysts anticipate that Mohawk Industries, Inc. will post 9.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wells Fargo & Company cut their target price on Mohawk Industries from $105.00 to $100.00 and set an "underweight" rating on the stock in a report on Monday, January 22nd. Barclays raised their target price on Mohawk Industries from $100.00 to $122.00 and gave the company an "equal weight" rating in a report on Monday, February 12th. Royal Bank of Canada raised their target price on Mohawk Industries from $101.00 to $106.00 and gave the company a "sector perform" rating in a report on Monday, February 12th. TheStreet upgraded Mohawk Industries from a "d+" rating to a "c-" rating in a report on Monday, March 4th. Finally, Deutsche Bank Aktiengesellschaft raised Mohawk Industries from a "hold" rating to a "buy" rating and raised their price target for the company from $98.00 to $152.00 in a research report on Monday, February 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Mohawk Industries presently has an average rating of "Hold" and a consensus target price of $118.75.

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.