National Bank of Canada FI Has $4.49 Million Stock Holdings in Mohawk Industries, Inc. (NYSE:MHK)

National Bank of Canada FI grew its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 59.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,359 shares of the company's stock after purchasing an additional 14,621 shares during the period. National Bank of Canada FI owned about 0.06% of Mohawk Industries worth $4,494,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in MHK. LPL Financial LLC boosted its stake in shares of Mohawk Industries by 11.3% in the 4th quarter. LPL Financial LLC now owns 12,569 shares of the company's stock valued at $1,497,000 after purchasing an additional 1,273 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Mohawk Industries by 7.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 73,000 shares of the company's stock worth $8,697,000 after buying an additional 5,142 shares in the last quarter. Legal & General Group Plc lifted its position in Mohawk Industries by 0.6% during the 4th quarter. Legal & General Group Plc now owns 111,135 shares of the company's stock worth $13,240,000 after buying an additional 696 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Mohawk Industries during the 4th quarter worth about $4,891,000. Finally, Treasurer of the State of North Carolina lifted its position in Mohawk Industries by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 23,065 shares of the company's stock worth $2,748,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company's stock.

Mohawk Industries Price Performance

Mohawk Industries stock opened at $132.83 on Thursday. The stock's 50 day moving average is $110.82 and its 200 day moving average is $110.97. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.13 and a quick ratio of 1.18. The firm has a market cap of $8.25 billion, a P/E ratio of 17.66, a P/E/G ratio of 2.74 and a beta of 1.28. Mohawk Industries, Inc. has a one year low of $96.24 and a one year high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $2.77 earnings per share for the quarter, topping analysts' consensus estimates of $2.62 by $0.15. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.76 billion. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%. The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $3.00 earnings per share. As a group, research analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 2,500 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $120.60, for a total transaction of $301,500.00. Following the completion of the sale, the insider owned 91,084 shares in the company, valued at $10,984,730.40. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $120.81, for a total value of $1,932,960.00. Following the sale, the chief executive officer owned 33,600 shares of the company's stock, valued at approximately $4,059,216. This represents a 32.26% decrease in their position. The disclosure for this sale can be found here. Insiders own 17.40% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on MHK shares. Royal Bank Of Canada reiterated a "sector perform" rating and set a $123.00 price target (up previously from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. Barclays upped their price target on shares of Mohawk Industries from $111.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. upped their target price on shares of Mohawk Industries from $139.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Robert W. Baird upped their target price on shares of Mohawk Industries from $130.00 to $142.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Finally, Wall Street Zen downgraded shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Seven analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $140.14.

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.

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