Wealth Enhancement Advisory Services LLC Has $1.08 Million Holdings in Mohawk Industries, Inc. (NYSE:MHK)

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 155.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,744 shares of the company's stock after buying an additional 4,108 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Mohawk Industries were worth $1,084,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MHK. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Mohawk Industries in the 1st quarter valued at about $1,450,000. BNP Paribas Financial Markets raised its holdings in shares of Mohawk Industries by 4.7% in the 1st quarter. BNP Paribas Financial Markets now owns 52,984 shares of the company's stock valued at $6,935,000 after purchasing an additional 2,399 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of Mohawk Industries by 22.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 1,740 shares of the company's stock valued at $228,000 after purchasing an additional 324 shares during the period. Texas Permanent School Fund Corp raised its holdings in shares of Mohawk Industries by 0.9% in the 1st quarter. Texas Permanent School Fund Corp now owns 10,927 shares of the company's stock valued at $1,430,000 after purchasing an additional 98 shares during the period. Finally, Empirical Finance LLC bought a new stake in shares of Mohawk Industries in the 1st quarter valued at about $240,000. 78.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MHK has been the topic of several research analyst reports. Robert W. Baird raised shares of Mohawk Industries from a "neutral" rating to an "overweight" rating and increased their price target for the company from $160.00 to $196.00 in a report on Monday, October 21st. Jefferies Financial Group raised their price objective on shares of Mohawk Industries from $150.00 to $160.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Truist Financial cut their price objective on shares of Mohawk Industries from $184.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, October 28th. Loop Capital raised their price objective on shares of Mohawk Industries from $145.00 to $185.00 and gave the stock a "buy" rating in a research report on Monday, July 29th. Finally, Baird R W raised shares of Mohawk Industries from a "hold" rating to a "strong-buy" rating in a report on Monday, October 21st. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $162.08.

Mohawk Industries Price Performance

NYSE:MHK traded up $7.16 during mid-day trading on Wednesday, reaching $147.60. The stock had a trading volume of 1,949,657 shares, compared to its average volume of 724,788. The stock has a 50-day simple moving average of $152.16 and a two-hundred day simple moving average of $135.00. The stock has a market capitalization of $9.32 billion, a PE ratio of 15.91, a P/E/G ratio of 1.46 and a beta of 1.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.03 and a quick ratio of 1.09. Mohawk Industries, Inc. has a 12 month low of $78.30 and a 12 month high of $164.29.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 660 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $151.46, for a total value of $99,963.60. Following the sale, the insider now owns 118,709 shares in the company, valued at $17,979,665.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Mohawk Industries news, insider Suzanne L. Helen sold 2,300 shares of the firm's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $151.15, for a total value of $347,645.00. Following the sale, the insider now owns 119,369 shares in the company, valued at $18,042,624.35. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Suzanne L. Helen sold 660 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $151.46, for a total transaction of $99,963.60. Following the completion of the sale, the insider now owns 118,709 shares in the company, valued at $17,979,665.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 17.10% of the stock is currently owned by insiders.

Mohawk Industries Company Profile

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.