National Investment Services Inc. WI Has $719,000 Stake in Mohawk Industries, Inc. (NYSE:MHK)

National Investment Services Inc. WI raised its position in Mohawk Industries, Inc. (NYSE:MHK) by 28.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,696 shares of the company’s stock after purchasing an additional 1,255 shares during the quarter. National Investment Services Inc. WI’s holdings in Mohawk Industries were worth $719,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MHK. Deutsche Bank AG raised its holdings in shares of Mohawk Industries by 104.7% in the fourth quarter. Deutsche Bank AG now owns 219,892 shares of the company’s stock valued at $25,715,000 after buying an additional 112,478 shares during the last quarter. Norges Bank acquired a new position in Mohawk Industries during the fourth quarter worth about $68,819,000. FMR LLC grew its position in Mohawk Industries by 16.3% during the fourth quarter. FMR LLC now owns 2,867,479 shares of the company’s stock worth $335,381,000 after buying an additional 402,710 shares during the period. CWM Advisors LLC grew its position in Mohawk Industries by 31.6% during the fourth quarter. CWM Advisors LLC now owns 3,031 shares of the company’s stock worth $355,000 after buying an additional 728 shares during the period. Finally, Nordea Investment Management AB grew its position in Mohawk Industries by 40.6% during the fourth quarter. Nordea Investment Management AB now owns 152,190 shares of the company’s stock worth $17,800,000 after buying an additional 43,981 shares during the period. 79.99% of the stock is currently owned by institutional investors.

In related news, VP Rodney David Patton sold 2,260 shares of Mohawk Industries stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $133.50, for a total value of $301,710.00. Following the sale, the vice president now directly owns 9,134 shares in the company, valued at approximately $1,219,389. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Suzanne L. Helen sold 14,247 shares of Mohawk Industries stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $140.43, for a total transaction of $2,000,706.21. The disclosure for this sale can be found here. Insiders own 18.00% of the company’s stock.

Several analysts have recently commented on the stock. SunTrust Banks increased their price target on shares of Mohawk Industries to $150.00 and gave the company a “buy” rating in a research report on Monday, February 11th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Mohawk Industries from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Buckingham Research began coverage on shares of Mohawk Industries in a research report on Friday, February 1st. They set an “underperform” rating and a $116.00 target price on the stock. Credit Suisse Group set a $125.00 target price on shares of Mohawk Industries and gave the stock a “hold” rating in a research report on Friday, January 11th. Finally, Wells Fargo & Co raised their target price on shares of Mohawk Industries from $130.00 to $135.00 and gave the stock a “market perform” rating in a research report on Monday, February 11th. Seven research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $158.47.

Shares of MHK stock opened at $134.14 on Wednesday. The firm has a market cap of $9.54 billion, a price-to-earnings ratio of 10.88, a P/E/G ratio of 2.04 and a beta of 1.51. The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 0.20. Mohawk Industries, Inc. has a 1-year low of $109.35 and a 1-year high of $236.49.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, February 7th. The company reported $2.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $0.04. Mohawk Industries had a net margin of 8.63% and a return on equity of 12.40%. The company had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period last year, the business earned $3.42 EPS. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. Equities analysts forecast that Mohawk Industries, Inc. will post 11.24 earnings per share for the current fiscal year.

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About Mohawk Industries

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for remodeling and new constructions of residential and commercial spaces worldwide. It operates through three segments: Global Ceramic, Flooring North America (Flooring NA), and Flooring Rest of the World (Flooring ROW).

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

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