California State Teachers Retirement System Has $25.90 Million Stake in Mohawk Industries, Inc. (MHK)

California State Teachers Retirement System decreased its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 8.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,656 shares of the company’s stock after selling 9,468 shares during the quarter. California State Teachers Retirement System owned about 0.14% of Mohawk Industries worth $25,903,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MHK. JPMorgan Chase & Co. grew its position in shares of Mohawk Industries by 8.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,029,444 shares of the company’s stock worth $1,215,567,000 after buying an additional 412,942 shares during the period. Wells Fargo & Company MN grew its position in shares of Mohawk Industries by 143.5% during the 2nd quarter. Wells Fargo & Company MN now owns 596,358 shares of the company’s stock worth $144,133,000 after buying an additional 351,457 shares during the period. BlackRock Inc. grew its position in shares of Mohawk Industries by 5.8% during the 2nd quarter. BlackRock Inc. now owns 4,575,453 shares of the company’s stock worth $1,105,842,000 after buying an additional 250,944 shares during the period. American Century Companies Inc. acquired a new stake in shares of Mohawk Industries during the 2nd quarter worth approximately $53,508,000. Finally, Vanguard Group Inc. grew its position in shares of Mohawk Industries by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 6,184,173 shares of the company’s stock worth $1,494,654,000 after buying an additional 196,996 shares during the period. Institutional investors own 76.59% of the company’s stock.

Several equities research analysts have recently commented on the stock. Jefferies Group assumed coverage on shares of Mohawk Industries in a research report on Tuesday, December 12th. They set a “buy” rating and a $330.00 price target for the company. Nomura reiterated a “buy” rating and set a $288.00 price target (up previously from $280.00) on shares of Mohawk Industries in a research report on Thursday, September 28th. J P Morgan Chase & Co lifted their price target on shares of Mohawk Industries from $250.00 to $285.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Instinet reiterated a “buy” rating and set a $288.00 price target (up previously from $280.00) on shares of Mohawk Industries in a research report on Saturday, September 30th. Finally, SunTrust Banks reissued a “buy” rating and set a $275.00 price objective on shares of Mohawk Industries in a research note on Friday, October 27th. 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 stock. Mohawk Industries currently has a consensus rating of “Buy” and a consensus target price of $289.33.

Mohawk Industries, Inc. (NYSE:MHK) opened at $274.71 on Monday. Mohawk Industries, Inc. has a one year low of $196.50 and a one year high of $286.85. The firm has a market cap of $20,416.45, a P/E ratio of 20.42, a P/E/G ratio of 2.49 and a beta of 1.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.77 and a current ratio of 1.48.

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

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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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