EP Wealth Advisors LLC Takes $205,000 Position in Mohawk Industries, Inc. (NYSE:MHK)

EP Wealth Advisors LLC acquired a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,273 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Mohawk Industries by 4.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,573 shares of the company’s stock worth $1,315,000 after acquiring an additional 493 shares during the period. Neo Ivy Capital Management bought a new position in Mohawk Industries during the 2nd quarter valued at $2,544,000. Fifth Third Bancorp increased its position in shares of Mohawk Industries by 7.0% during the 2nd quarter. Fifth Third Bancorp now owns 2,343 shares of the company’s stock valued at $266,000 after purchasing an additional 154 shares during the period. Van Lanschot Kempen Investment Management N.V. raised its stake in shares of Mohawk Industries by 11.2% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 667,516 shares of the company’s stock worth $75,823,000 after buying an additional 67,452 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Mohawk Industries by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 311,268 shares of the company’s stock valued at $35,357,000 after buying an additional 7,194 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Price Performance

NYSE MHK opened at $127.81 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 1.45 and a beta of 1.38. The company has a 50 day simple moving average of $142.63 and a 200-day simple moving average of $138.89. Mohawk Industries, Inc. has a 52-week low of $96.28 and a 52-week high of $164.29.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 9,078 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $130.86, for a total transaction of $1,187,947.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 17.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Baird R W upgraded shares of Mohawk Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 21st. Loop Capital dropped their target price on shares of Mohawk Industries from $185.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, December 4th. Jefferies Financial Group raised their target price on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada dropped their price target on Mohawk Industries from $140.00 to $134.00 and set a “sector perform” rating on the stock in a report on Monday, October 28th. Finally, Truist Financial reduced their price objective on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Mohawk Industries currently has an average rating of “Moderate Buy” and a consensus price target of $161.25.

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.