Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $1.27 Million Holdings in Mohawk Industries, Inc. (MHK)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Mohawk Industries, Inc. (NYSE:MHK) by 9.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,139 shares of the company’s stock after buying an additional 446 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Mohawk Industries were worth $1,272,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Sun Life Financial INC grew its holdings in shares of Mohawk Industries by 5,675.0% during the 2nd quarter. Sun Life Financial INC now owns 462 shares of the company’s stock worth $112,000 after purchasing an additional 454 shares during the period. First Personal Financial Services grew its holdings in shares of Mohawk Industries by 6.6% during the 2nd quarter. First Personal Financial Services now owns 568 shares of the company’s stock worth $137,000 after purchasing an additional 35 shares during the period. IFP Advisors Inc grew its holdings in shares of Mohawk Industries by 18.6% during the 2nd quarter. IFP Advisors Inc now owns 625 shares of the company’s stock worth $151,000 after purchasing an additional 98 shares during the period. First Manhattan Co. purchased a new position in shares of Mohawk Industries during the 2nd quarter worth $160,000. Finally, Bridgewater Wealth & Financial Management LLC purchased a new position in shares of Mohawk Industries during the 2nd quarter worth $203,000. Institutional investors own 76.59% of the company’s stock.

Mohawk Industries, Inc. (NYSE:MHK) traded down $0.17 during mid-day trading on Tuesday, reaching $284.65. The company’s stock had a trading volume of 872,400 shares, compared to its average volume of 486,109. The company has a quick ratio of 0.77, a current ratio of 1.48 and a debt-to-equity ratio of 0.23. The firm has a market cap of $21,160.00, a price-to-earnings ratio of 21.18, a P/E/G ratio of 2.58 and a beta of 1.37. Mohawk Industries, Inc. has a 52 week low of $190.92 and a 52 week high of $286.85.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, October 26th. The company reported $3.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.74 by $0.01. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.46 billion. Mohawk Industries had a return on equity of 16.03% and a net margin of 10.37%. Mohawk Industries’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.50 EPS. equities analysts anticipate that Mohawk Industries, Inc. will post 13.52 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on MHK shares. Zacks Investment Research lowered Mohawk Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. ValuEngine raised Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Cleveland Research lowered Mohawk Industries from a “buy” rating to a “neutral” rating in a research note on Friday, September 22nd. Nomura set a $300.00 target price on Mohawk Industries and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $300.00 target price (up previously from $291.00) on shares of Mohawk Industries in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Mohawk Industries currently has an average rating of “Buy” and a consensus target price of $281.42.

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About Mohawk Industries

Mohawk Industries, Inc is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company’ segments include Global Ceramic, Flooring North America (Flooring NA) and Flooring Rest of the World (Flooring ROW). Its manufacturing and distribution processes provide carpet, rugs, ceramic tile, laminate, wood, stone, luxury vinyl tile and vinyl flooring.

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

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