Nisa Investment Advisors LLC Has $3.99 Million Position in Mohawk Industries, Inc. (NYSE:MHK)

Nisa Investment Advisors LLC increased its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 24,811 shares of the company’s stock after buying an additional 255 shares during the period. Nisa Investment Advisors LLC’s holdings in Mohawk Industries were worth $3,987,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of MHK. Signaturefd LLC grew its position in shares of Mohawk Industries by 12.5% in the third quarter. Signaturefd LLC now owns 683 shares of the company’s stock valued at $110,000 after purchasing an additional 76 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Mohawk Industries by 40.0% during the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock worth $33,000 after buying an additional 84 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Mohawk Industries by 0.9% in the first quarter. Texas Permanent School Fund Corp now owns 10,927 shares of the company’s stock valued at $1,430,000 after acquiring an additional 98 shares during the period. State of Michigan Retirement System grew its stake in shares of Mohawk Industries by 0.7% in the second quarter. State of Michigan Retirement System now owns 14,545 shares of the company’s stock valued at $1,652,000 after acquiring an additional 100 shares in the last quarter. Finally, Quent Capital LLC increased its position in Mohawk Industries by 27.2% during the first quarter. Quent Capital LLC now owns 496 shares of the company’s stock worth $65,000 after acquiring an additional 106 shares during the period. Institutional investors own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MHK shares. Robert W. Baird upgraded Mohawk Industries from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $160.00 to $196.00 in a research note on Monday, October 21st. Royal Bank of Canada reduced their target price on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Baird R W raised shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. JPMorgan Chase & Co. boosted their price objective on Mohawk Industries from $124.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Loop Capital increased their target price on Mohawk Industries from $145.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $162.08.

Insider Activity

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,300 shares of Mohawk Industries stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $151.15, for a total value of $347,645.00. Following the completion of the sale, the insider now directly owns 119,369 shares in the company, valued at approximately $18,042,624.35. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Suzanne L. Helen sold 660 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $151.46, for a total value of $99,963.60. Following the completion of the sale, the insider now directly owns 118,709 shares in the company, valued at $17,979,665.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Suzanne L. Helen sold 2,300 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $151.15, for a total value of $347,645.00. Following the completion of the sale, the insider now directly owns 119,369 shares of the company’s stock, valued at $18,042,624.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,660 shares of company stock valued at $550,488 in the last ninety days. 17.10% of the stock is owned by company insiders.

Mohawk Industries Trading Up 0.0 %

MHK opened at $134.28 on Friday. Mohawk Industries, Inc. has a twelve month low of $78.30 and a twelve month high of $164.29. The company has a fifty day moving average of $153.27 and a 200-day moving average of $134.06. The stock has a market cap of $8.48 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 1.47 and a beta of 1.37. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22.

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.