South Dakota Investment Council Purchases 600 Shares of Mohawk Industries, Inc. (NYSE:MHK)

South Dakota Investment Council grew its position in Mohawk Industries, Inc. (NYSE:MHK) by 3.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,671 shares of the company’s stock after buying an additional 600 shares during the period. South Dakota Investment Council’s holdings in Mohawk Industries were worth $2,463,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Mohawk Industries in the 3rd quarter valued at about $36,000. Wilmington Savings Fund Society FSB acquired a new stake in Mohawk Industries in the 3rd quarter worth approximately $55,000. Blue Trust Inc. boosted its stake 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 purchasing an additional 167 shares in the last quarter. True Wealth Design LLC acquired a new stake in Mohawk Industries in the 3rd quarter worth approximately $61,000. Finally, Capital Performance Advisors LLP acquired a new stake in Mohawk Industries in the 3rd quarter worth approximately $73,000. 78.98% of the stock is currently owned by institutional investors.

Mohawk Industries Price Performance

NYSE:MHK opened at $115.89 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.06 and a quick ratio of 1.12. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 1.44 and a beta of 1.41. The company has a 50 day moving average price of $121.69 and a 200-day moving average price of $138.25. Mohawk Industries, Inc. has a 1-year low of $104.88 and a 1-year high of $164.29.

Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, February 6th. The company reported $1.95 earnings per share 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%. Equities research analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on MHK. Bank of America lowered their target price on shares of Mohawk Industries from $152.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, February 10th. StockNews.com cut shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Friday, February 7th. Truist Financial lowered their target price on shares of Mohawk Industries from $155.00 to $148.00 and set a “buy” rating for the company in a research note on Monday, February 10th. Robert W. Baird lowered their target price on shares of Mohawk Industries from $160.00 to $152.00 and set an “outperform” rating for the company in a research note on Monday, February 10th. Finally, Wells Fargo & Company reduced their price target on shares of Mohawk Industries from $135.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $146.92.

Insider Activity

In other news, insider Suzanne L. Helen sold 2,000 shares of Mohawk Industries stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $135.48, for a total transaction of $270,960.00. Following the completion of the transaction, the insider now directly owns 2,453 shares of the company’s stock, valued at $332,332.44. The trade was a 44.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 19,078 shares of company stock valued at $2,474,347 in the last three months. 17.10% of the stock is currently owned by corporate insiders.

Mohawk Industries Company 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.