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Alaska Permanent Fund Corp Has $2.16 Million Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Mohawk Industries logo with Consumer Discretionary background

Alaska Permanent Fund Corp reduced its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 32.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,519 shares of the company's stock after selling 8,028 shares during the quarter. Alaska Permanent Fund Corp's holdings in Mohawk Industries were worth $2,162,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MHK. Vanguard Group Inc. lifted its stake in shares of Mohawk Industries by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 6,240,136 shares of the company's stock worth $645,854,000 after acquiring an additional 39,143 shares during the period. Dimensional Fund Advisors LP raised its position in Mohawk Industries by 14.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,459,303 shares of the company's stock worth $254,543,000 after acquiring an additional 317,278 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Mohawk Industries by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,435,283 shares of the company's stock valued at $208,972,000 after purchasing an additional 103,813 shares in the last quarter. Ariel Investments LLC grew its stake in shares of Mohawk Industries by 3.9% in the 3rd quarter. Ariel Investments LLC now owns 2,059,100 shares of the company's stock worth $176,691,000 after purchasing an additional 77,974 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Mohawk Industries by 9.7% in the 3rd quarter. Invesco Ltd. now owns 1,759,210 shares of the company's stock worth $150,958,000 after purchasing an additional 156,230 shares in the last quarter. 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 1,800 shares of the business's stock in a transaction on Friday, June 14th. The shares were sold at an average price of $111.74, for a total value of $201,132.00. Following the completion of the sale, the insider now directly owns 122,369 shares in the company, valued at $13,673,512.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 17.10% of the company's stock.

Mohawk Industries Stock Up 1.5 %

Shares of MHK stock traded up $1.65 on Friday, hitting $113.00. The company's stock had a trading volume of 1,014,346 shares, compared to its average volume of 673,303. The stock has a market capitalization of $7.22 billion, a price-to-earnings ratio of -17.28, a P/E/G ratio of 1.10 and a beta of 1.40. Mohawk Industries, Inc. has a fifty-two week low of $76.02 and a fifty-two week high of $131.19. The firm's fifty day moving average price is $115.67 and its 200-day moving average price is $112.55. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.83 and a quick ratio of 1.02.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.16. Mohawk Industries had a positive return on equity of 7.72% and a negative net margin of 3.77%. The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the company posted $1.75 EPS. The firm's revenue was down 4.5% on a year-over-year basis. Research analysts anticipate that Mohawk Industries, Inc. will post 9.68 EPS for the current year.

Analysts Set New Price Targets

MHK has been the topic of several recent research reports. Truist Financial lifted their price target on shares of Mohawk Industries from $127.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, April 29th. Royal Bank of Canada upped their target price on Mohawk Industries from $106.00 to $108.00 and gave the company a "sector perform" rating in a report on Monday, April 29th. JPMorgan Chase & Co. increased their price target on shares of Mohawk Industries from $122.00 to $124.00 and gave the stock a "neutral" rating in a research report on Friday, May 3rd. Loop Capital lowered their price objective on shares of Mohawk Industries from $140.00 to $135.00 and set a "buy" rating on the stock in a research report on Monday, April 29th. Finally, TheStreet upgraded shares of Mohawk Industries from a "d+" rating to a "c-" rating in a research report on Monday, March 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $123.20.

View Our Latest 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.

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

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