National Pension Service boosted its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 5.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,910 shares of the company’s stock after buying an additional 4,955 shares during the quarter. National Pension Service’s holdings in Mohawk Industries were worth $11,775,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Amundi Pioneer Asset Management Inc. raised its holdings in Mohawk Industries by 172.0% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 176,410 shares of the company’s stock valued at $22,252,000 after acquiring an additional 111,552 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Mohawk Industries by 443.7% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 6,639 shares of the company’s stock worth $979,000 after purchasing an additional 5,418 shares during the last quarter. Greenleaf Trust purchased a new stake in shares of Mohawk Industries during the 2nd quarter worth $247,000. Strs Ohio lifted its position in shares of Mohawk Industries by 306.9% during the 2nd quarter. Strs Ohio now owns 158,331 shares of the company’s stock worth $23,349,000 after purchasing an additional 119,417 shares during the last quarter. Finally, Coronation Fund Managers Ltd. grew its stake in shares of Mohawk Industries by 24.0% during the second quarter. Coronation Fund Managers Ltd. now owns 52,805 shares of the company’s stock worth $7,787,000 after purchasing an additional 10,211 shares in the last quarter. 79.18% of the stock is owned by institutional investors.

Several analysts have recently weighed in on MHK shares. Raymond James reduced their target price on Mohawk Industries from $145.00 to $140.00 and set an “outperform” rating for the company in a report on Tuesday, October 22nd. Robert W. Baird boosted their price objective on Mohawk Industries from $150.00 to $168.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. ValuEngine lowered shares of Mohawk Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Wells Fargo & Co lowered shares of Mohawk Industries from a “market perform” rating to an “underperform” rating and set a $110.00 target price on the stock. in a research report on Monday, October 14th. Finally, Deutsche Bank assumed coverage on shares of Mohawk Industries in a report on Wednesday, November 27th. They issued a “hold” rating on the stock. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. Mohawk Industries currently has an average rating of “Hold” and a consensus target price of $140.13.

Mohawk Industries stock opened at $137.65 on Tuesday. The stock has a 50 day moving average of $139.33 and a two-hundred day moving average of $134.53. Mohawk Industries, Inc. has a twelve month low of $108.93 and a twelve month high of $156.60. The stock has a market capitalization of $9.98 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 1.87 and a beta of 1.30. The company has a current ratio of 1.52, a quick ratio of 0.77 and a debt-to-equity ratio of 0.22.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, October 24th. The company reported $2.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.64 by $0.11. Mohawk Industries had a return on equity of 9.82% and a net margin of 7.09%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the company posted $3.29 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. Equities analysts predict that Mohawk Industries, Inc. will post 9.96 earnings per share for the current year.

In other Mohawk Industries news, insider Cock Paul F. De sold 800 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $126.44, for a total transaction of $101,152.00. Following the completion of the transaction, the insider now owns 25,360 shares in the company, valued at approximately $3,206,518.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Cock Paul F. De sold 1,489 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $145.14, for a total transaction of $216,113.46. Following the completion of the sale, the insider now owns 24,260 shares of the company’s stock, valued at approximately $3,521,096.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,205 shares of company stock valued at $5,831,913. Corporate insiders own 18.00% of the company’s stock.

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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