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 4.32% during the most recent quarter end. The investment management company now holds a total of 15,078 shares of Mohawk Industries which is valued at $3,089,030 after selling 680 shares in Mohawk Industries , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Mohawk Industries makes up approximately 3.38% of National Investment Services Inc Wi’s portfolio.

Other Hedge Funds, Including , Atalanta Sosnoff Capital added MHK to its portfolio by purchasing 27,084 company shares during the most recent quarter which is valued at $5,548,699. Mohawk Industries makes up approx 0.18% of Atalanta Sosnoff Capital’s portfolio.Checchi Capital Advisers boosted its stake in MHK in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 843 shares of Mohawk Industries which is valued at $171,188. Mohawk Industries makes up approx 0.04% of Checchi Capital Advisers’s portfolio. V Wealth Managementllc added MHK to its portfolio by purchasing 6,739 company shares during the most recent quarter which is valued at $1,355,685. Mohawk Industries makes up approx 1.07% of V Wealth Managementllc’s portfolio. Breton Hill Capital Ltd. added MHK to its portfolio by purchasing 7,768 company shares during the most recent quarter which is valued at $1,527,655. Mohawk Industries makes up approx 0.48% of Breton Hill Capital Ltd.’s portfolio.

Mohawk Industries opened for trading at $206.74 and hit $209.42 on the upside on Friday, eventually ending the session at $208.94, with a gain of 0.94% or 1.94 points. The heightened volatility saw the trading volume jump to 6,89,338 shares. Company has a market cap of $15,481 M.

On the company’s financial health, Mohawk Industries reported $2.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 5, 2016. Analyst had a consensus of $2.32. The company had revenue of $2172.05 million for the quarter, compared to analysts expectations of $2098.37 million. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.70 EPS.

Many Wall Street Analysts have commented on Mohawk Industries. Topeka Capital Markets Initiated Mohawk Industries on May 24, 2016 to “Hold”, Price Target of the shares are set at $185.

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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