Kentucky Retirement Systems Insurance Trust Fund Has $257,000 Stock Position in Mohawk Industries, Inc. (NYSE:MHK)

Kentucky Retirement Systems Insurance Trust Fund grew its position in Mohawk Industries, Inc. (NYSE:MHK) by 39.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,160 shares of the company’s stock after buying an additional 609 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Mohawk Industries were worth $257,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Mohawk Industries during the third quarter worth approximately $36,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Mohawk Industries during the third quarter worth approximately $55,000. Blue Trust Inc. boosted its holdings in shares of Mohawk Industries by 85.6% during the third quarter. Blue Trust Inc. now owns 362 shares of the company’s stock worth $58,000 after purchasing an additional 167 shares during the period. True Wealth Design LLC acquired a new stake in shares of Mohawk Industries during the third quarter worth approximately $61,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Mohawk Industries by 71.0% during the fourth quarter. Versant Capital Management Inc now owns 537 shares of the company’s stock worth $64,000 after purchasing an additional 223 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on MHK. Robert W. Baird decreased their price target on shares of Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a report on Monday, February 10th. Bank of America cut their price objective on shares of Mohawk Industries from $152.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. StockNews.com lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Friday, February 7th. The Goldman Sachs Group cut their price objective on shares of Mohawk Industries from $170.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Wolfe Research raised shares of Mohawk Industries from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective on the stock in a research report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $146.92.

Mohawk Industries Price Performance

NYSE:MHK opened at $118.54 on Thursday. The stock has a market cap of $7.48 billion, a P/E ratio of 14.58, a PEG ratio of 1.47 and a beta of 1.41. Mohawk Industries, Inc. has a one year low of $104.88 and a one year high of $164.29. The company has a fifty day moving average price of $122.17 and a 200 day moving average price of $138.71. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, February 6th. The company reported $1.95 EPS for the quarter, beating the consensus estimate of $1.85 by $0.10. Mohawk Industries had a net margin of 4.78% and a return on equity of 8.04%. Analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 9,078 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $130.86, for a total value of $1,187,947.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 19,078 shares of company stock valued at $2,474,347 in the last 90 days. 17.10% of the stock is currently owned by company insiders.

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.