Teachers Retirement System of The State of Kentucky Reduces Position in Mohawk Industries, Inc. (NYSE:MHK)

Teachers Retirement System of The State of Kentucky trimmed its position in Mohawk Industries, Inc. (NYSE:MHK) by 9.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,880 shares of the company’s stock after selling 409 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Mohawk Industries were worth $623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quest Partners LLC raised its stake in shares of Mohawk Industries by 40.0% during the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after acquiring an additional 84 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in Mohawk Industries during the 3rd quarter valued at about $36,000. Headlands Technologies LLC bought a new position in Mohawk Industries during the 2nd quarter valued at approximately $50,000. Blue Trust Inc. lifted its holdings in Mohawk Industries by 85.6% in the 3rd quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after buying an additional 167 shares during the period. Finally, True Wealth Design LLC bought a new stake in shares of Mohawk Industries in the 3rd quarter worth approximately $61,000. 78.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $126.11, for a total value of $504,440.00. Following the transaction, the insider now owns 104,084 shares in the company, valued at approximately $13,126,033.24. This represents a 3.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders have sold 19,078 shares of company stock valued at $2,474,347. 17.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank of Canada decreased their target price on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating for the company in a report on Monday, October 28th. Loop Capital decreased their price objective on shares of Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. Wells Fargo & Company cut their target price on shares of Mohawk Industries from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Barclays decreased their price target on shares of Mohawk Industries from $146.00 to $141.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. Finally, Baird R W raised Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 21st. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mohawk Industries has an average rating of “Moderate Buy” and an average target price of $159.17.

Mohawk Industries Stock Performance

Shares of MHK opened at $119.10 on Thursday. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. The stock has a market cap of $7.52 billion, a P/E ratio of 13.49, a P/E/G ratio of 1.45 and a beta of 1.38. The business’s 50 day moving average price is $141.45 and its 200-day moving average price is $139.13. Mohawk Industries, Inc. has a 52 week low of $96.28 and a 52 week high of $164.29.

Mohawk Industries 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.