Teacher Retirement System of Texas Grows Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Teacher Retirement System of Texas lifted its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 9.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,842 shares of the company’s stock after buying an additional 4,912 shares during the quarter. Teacher Retirement System of Texas’ holdings in Mohawk Industries were worth $10,439,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MHK. Intersect Capital LLC increased its stake in Mohawk Industries by 3.7% in the third quarter. Intersect Capital LLC now owns 1,782 shares of the company’s stock valued at $316,000 after purchasing an additional 64 shares during the last quarter. Berman Capital Advisors LLC grew its holdings in Mohawk Industries by 42.5% in the 3rd quarter. Berman Capital Advisors LLC now owns 228 shares of the company’s stock valued at $40,000 after buying an additional 68 shares during the period. Centre Asset Management LLC increased its stake in shares of Mohawk Industries by 0.5% during the 3rd quarter. Centre Asset Management LLC now owns 14,710 shares of the company’s stock valued at $2,827,000 after acquiring an additional 70 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Mohawk Industries by 96.2% during the 3rd quarter. Van ECK Associates Corp now owns 204 shares of the company’s stock valued at $36,000 after acquiring an additional 100 shares during the last quarter. Finally, People s United Financial Inc. boosted its position in shares of Mohawk Industries by 7.2% in the second quarter. People s United Financial Inc. now owns 1,671 shares of the company’s stock worth $321,000 after acquiring an additional 112 shares during the last quarter. 75.15% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:MHK opened at $170.77 on Friday. The business’s 50-day simple moving average is $175.67 and its 200 day simple moving average is $185.62. The company has a market cap of $11.57 billion, a P/E ratio of 10.95, a PEG ratio of 0.47 and a beta of 1.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.18 and a current ratio of 1.95. Mohawk Industries, Inc. has a one year low of $141.64 and a one year high of $231.80.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, October 28th. The company reported $3.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.80 by $0.15. Mohawk Industries had a net margin of 9.86% and a return on equity of 12.50%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter last year, the company earned $3.26 earnings per share. Mohawk Industries’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts predict that Mohawk Industries, Inc. will post 14.83 earnings per share for the current year.

Several equities analysts recently commented on MHK shares. Zacks Investment Research lowered shares of Mohawk Industries from a “hold” rating to a “strong sell” rating and set a $172.00 price target for the company. in a research report on Tuesday, December 21st. Royal Bank of Canada cut their target price on Mohawk Industries from $167.00 to $157.00 and set an “underperform” rating on the stock in a research report on Monday, November 1st. Bank of America assumed coverage on Mohawk Industries in a research report on Monday, November 8th. They set an “underperform” rating for the company. Evercore ISI restated a “buy” rating and set a $248.00 price target on shares of Mohawk Industries in a research note on Sunday, October 17th. Finally, Loop Capital reduced their price objective on Mohawk Industries from $200.00 to $190.00 and set a “hold” rating on the stock in a research note on Tuesday, October 12th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $204.60.

Mohawk Industries Profile

Mohawk Industries, Inc engages in the manufacture, design, and distribution of residential and commercial flooring products. It operates through the following segments: Global Ceramic, Flooring North America (NA), and Flooring Rest of the World (ROW). The Global Ceramic segment comprises ceramic, porcelain, and natural stone tile products used for wall and floor applications.

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

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