National Pension Service increased its stake in Mohawk Industries, Inc. (NYSE:MHK) by 5.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 94,910 shares of the company’s stock after acquiring an additional 4,955 shares during the period. National Pension Service owned about 0.13% of Mohawk Industries worth $11,775,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. LS Investment Advisors LLC lifted its stake in shares of Mohawk Industries by 1.8% in the third quarter. LS Investment Advisors LLC now owns 4,881 shares of the company’s stock worth $606,000 after buying an additional 87 shares in the last quarter. Commonwealth Bank of Australia lifted its position in Mohawk Industries by 1.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 10,702 shares of the company’s stock worth $1,573,000 after acquiring an additional 117 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Mohawk Industries by 0.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,883 shares of the company’s stock valued at $1,900,000 after purchasing an additional 118 shares during the last quarter. Securian Asset Management Inc grew its stake in Mohawk Industries by 2.1% during the 2nd quarter. Securian Asset Management Inc now owns 6,414 shares of the company’s stock valued at $946,000 after purchasing an additional 132 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Mohawk Industries by 1.8% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 8,040 shares of the company’s stock valued at $1,186,000 after purchasing an additional 140 shares during the period. Institutional investors own 79.18% of the company’s stock.

Several brokerages have commented on MHK. ValuEngine cut shares of Mohawk Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Deutsche Bank assumed coverage on shares of Mohawk Industries in a research note on Wednesday, November 27th. They issued a “hold” rating on the stock. Wells Fargo & Co cut shares of Mohawk Industries from a “market perform” rating to an “underperform” rating and set a $110.00 target price for the company. in a report on Monday, October 14th. Stifel Nicolaus boosted their target price on shares of Mohawk Industries from $145.00 to $165.00 in a research report on Monday, October 28th. Finally, Raymond James decreased their target price on shares of Mohawk Industries from $145.00 to $140.00 and set an “outperform” rating for the company in a research report on Tuesday, October 22nd. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $140.13.

In related news, insider Suzanne L. Helen sold 26,316 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $152.10, for a total value of $4,002,663.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 10,600 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $142.64, for a total value of $1,511,984.00. Following the completion of the transaction, the chief executive officer now directly owns 47,603 shares of the company’s stock, valued at approximately $6,790,091.92. The disclosure for this sale can be found here. Insiders have sold a total of 39,205 shares of company stock worth $5,831,913 over the last 90 days. Insiders own 18.00% of the company’s stock.

Shares of NYSE MHK opened at $137.65 on Tuesday. The company has a market capitalization of $9.98 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 1.87 and a beta of 1.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.77 and a current ratio of 1.52. The company’s fifty day moving average price is $139.33 and its 200 day moving average price is $134.53. Mohawk Industries, Inc. has a 1 year low of $108.93 and a 1 year high of $156.60.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, October 24th. The company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.64 by $0.11. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Mohawk Industries had a net margin of 7.09% and a return on equity of 9.82%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.29 earnings per share. On average, equities analysts expect that Mohawk Industries, Inc. will post 9.96 EPS for the current year.

Mohawk Industries Profile

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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