1,273 Shares in Mohawk Industries, Inc. (NYSE:MHK) Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC bought a new stake in Mohawk Industries, Inc. (NYSE:MHK) in the third quarter, Holdings Channel.com reports. The institutional investor bought 1,273 shares of the company’s stock, valued at approximately $205,000.

Several other large investors also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its stake in shares of Mohawk Industries by 12.5% in the 3rd quarter. Signaturefd LLC now owns 683 shares of the company’s stock valued at $110,000 after purchasing an additional 76 shares during the last quarter. Quest Partners LLC raised its holdings in Mohawk Industries by 40.0% during the second quarter. Quest Partners LLC now owns 294 shares of the company’s stock valued at $33,000 after buying an additional 84 shares in the last quarter. State of Michigan Retirement System lifted its position in shares of Mohawk Industries by 0.7% in the second quarter. State of Michigan Retirement System now owns 14,545 shares of the company’s stock worth $1,652,000 after buying an additional 100 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Mohawk Industries by 20.6% during the 3rd quarter. Allworth Financial LP now owns 626 shares of the company’s stock worth $101,000 after acquiring an additional 107 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in shares of Mohawk Industries by 7.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,654 shares of the company’s stock valued at $266,000 after acquiring an additional 115 shares during the last quarter. 78.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MHK. Barclays reduced their target price on Mohawk Industries from $146.00 to $141.00 and set an “equal weight” rating for the company in a report on Wednesday. Loop Capital decreased their price objective on shares of Mohawk Industries from $185.00 to $180.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. Robert W. Baird upgraded shares of Mohawk Industries from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $160.00 to $196.00 in a report on Monday, October 21st. Baird R W raised shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada lowered their price target on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a research report on Monday, October 28th. Five equities research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.25.

Mohawk Industries Trading Down 2.0 %

Shares of MHK opened at $127.81 on Friday. The stock’s 50-day moving average price is $142.63 and its 200 day moving average price is $138.89. The company has a quick ratio of 1.09, a current ratio of 2.03 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 1.45 and a beta of 1.38. Mohawk Industries, Inc. has a 12-month low of $96.28 and a 12-month high of $164.29.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 2,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $135.48, for a total value of $270,960.00. Following the completion of the transaction, the insider now directly owns 2,453 shares of the company’s stock, valued at $332,332.44. This trade represents a 44.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 17.10% of the stock is owned by insiders.

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.