Mohawk Industries, Inc. (NYSE:MHK) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI raised its position in Mohawk Industries, Inc. (NYSE:MHK) by 996.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,927 shares of the company’s stock after purchasing an additional 115,352 shares during the quarter. National Bank of Canada FI owned about 0.20% of Mohawk Industries worth $13,363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. boosted its position in Mohawk Industries by 3,935.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,753 shares of the company’s stock worth $322,000 after acquiring an additional 3,660 shares during the period. Mackenzie Financial Corp increased its stake in Mohawk Industries by 34.3% during the 3rd quarter. Mackenzie Financial Corp now owns 6,579 shares of the company’s stock valued at $536,000 after buying an additional 1,680 shares during the period. Strs Ohio increased its stake in shares of Mohawk Industries by 10.7% during the third quarter. Strs Ohio now owns 14,259 shares of the company’s stock valued at $1,223,000 after acquiring an additional 1,381 shares during the period. IFM Investors Pty Ltd raised its holdings in Mohawk Industries by 4.4% during the third quarter. IFM Investors Pty Ltd now owns 10,447 shares of the company’s stock worth $896,000 after purchasing an additional 442 shares in the last quarter. Finally, Advisor Partners II LLC acquired a new stake in Mohawk Industries in the third quarter worth approximately $695,000. Institutional investors own 78.98% of the company’s stock.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, VP Rodney David Patton sold 1,551 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $119.51, for a total transaction of $185,360.01. Following the sale, the vice president now owns 15,321 shares of the company’s stock, valued at approximately $1,831,012.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 17.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MHK shares. StockNews.com raised Mohawk Industries from a “hold” rating to a “buy” rating in a report on Saturday, February 17th. The Goldman Sachs Group lifted their price target on Mohawk Industries from $105.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Loop Capital decreased their price objective on Mohawk Industries from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Wells Fargo & Company decreased their target price on shares of Mohawk Industries from $105.00 to $100.00 and set an “underweight” rating for the company in a research note on Monday, January 22nd. Finally, Royal Bank of Canada upped their target price on Mohawk Industries from $106.00 to $108.00 and gave the stock a “sector perform” rating in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $121.33.

Mohawk Industries Stock Performance

NYSE MHK opened at $118.19 on Thursday. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of -18.07, a PEG ratio of 1.17 and a beta of 1.35. The company has a current ratio of 1.83, a quick ratio of 1.02 and a debt-to-equity ratio of 0.22. Mohawk Industries, Inc. has a 1-year low of $76.02 and a 1-year high of $131.19. The company has a 50 day moving average of $119.22 and a 200-day moving average of $105.22.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.16. The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Mohawk Industries had a positive return on equity of 7.72% and a negative net margin of 3.77%. The business’s revenue was down 4.5% on a year-over-year basis. During the same period last year, the firm posted $1.75 EPS. On average, equities analysts forecast that Mohawk Industries, Inc. will post 9.54 earnings per share for the current fiscal year.

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.