National Investment Services Inc Wi Lowers stake in Mohawk Industries (MHK)

Mohawk Industries (MHK) : National Investment Services Inc Wi reduced its stake in Mohawk Industries by 2.59% during the most recent quarter end. The investment management company now holds a total of 15,758 shares of Mohawk Industries which is valued at $3,092,035 after selling 419 shares in Mohawk Industries , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.Mohawk Industries makes up approximately 3.46% of National Investment Services Inc Wi’s portfolio.

Mohawk Industries closed down -0.58 points or -0.29% at $196.22 with 5,57,864 shares getting traded on Friday. Post opening the session at $196.8, the shares hit an intraday low of $195.18 and an intraday high of $198.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Fox Run Management L.l.c. added MHK to its portfolio by purchasing 1,300 company shares during the most recent quarter which is valued at $255,086. Mohawk Industries makes up approx 0.16% of Fox Run Management L.l.c.’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in MHK in the latest quarter, The investment management firm added 35 additional shares and now holds a total of 13,446 shares of Mohawk Industries which is valued at $2,649,400. Mohawk Industries makes up approx 0.06% of Oregon Public Employees Retirement Fund’s portfolio.Capital Impact Advisors boosted its stake in MHK in the latest quarter, The investment management firm added 183 additional shares and now holds a total of 4,150 shares of Mohawk Industries which is valued at $817,716. Mohawk Industries makes up approx 0.39% of Capital Impact Advisors’s portfolio.Santa Fe Partners reduced its stake in MHK by selling 15,201 shares or 72.33% in the most recent quarter. The Hedge Fund company now holds 5,814 shares of MHK which is valued at $1,145,591. Mohawk Industries makes up approx 0.19% of Santa Fe Partners’s portfolio.Lenox Wealth Advisors reduced its stake in MHK by selling 4 shares or 11.43% in the most recent quarter. The Hedge Fund company now holds 31 shares of MHK which is valued at $6,108.

On the company’s financial health, Mohawk Industries reported $2.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $2.73. The company had revenue of $1998.00 million for the quarter, compared to analysts expectations of $2034.61 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.27 EPS.

Many Wall Street Analysts have commented on Mohawk Industries. MKM Partners Initiated Mohawk Industries on Apr 12, 2016 to “Buy”, Price Target of the shares are set at $244.Company shares were Reiterated by RBC Capital Mkts on Mar 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 218 from a previous price target of $205 .Shares were Reiterated by Barclays on Feb 29, 2016 to “Overweight” and Lowered the Price Target to $ 200 from a previous price target of $201 .

Mohawk Industries Inc. is a flooring manufacturer that creates products for residential and commercial spaces around the world. The Company operates in three segments: the Carpet segment the Ceramic segment and the Laminate and Wood segment. The Carpet segment designs manufactures sources distributes and markets its carpet and rug product lines in a range of colors textures and patterns for residential and commercial applications. The Ceramic segment designs manufactures sources distributes and markets a line of ceramic tile porcelain tile and natural stone products. The Laminate and Wood segment designs manufactures sources licenses distributes and markets laminate and hardwood flooring. Its manufacturing and distribution processes provide carpet rugs ceramic tile laminate wood stone and vinyl flooring. Its brands include American Olean Bigelow Daltile Durkan Karastan Kerama Marazzi Lees Marazzi Mohawk Pergo Quick-Step and Unilin.

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