Creative Planning Has $500,000 Position in Mohawk Industries, Inc. (NYSE:MHK)

Creative Planning increased its position in Mohawk Industries, Inc. (NYSE:MHK) by 6.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,114 shares of the company’s stock after buying an additional 200 shares during the quarter. Creative Planning’s holdings in Mohawk Industries were worth $500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in shares of Mohawk Industries in the first quarter valued at approximately $1,450,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Mohawk Industries in the first quarter valued at approximately $1,450,000. Sei Investments Co. increased its stake in shares of Mohawk Industries by 2,040.6% in the first quarter. Sei Investments Co. now owns 62,720 shares of the company’s stock valued at $8,209,000 after buying an additional 59,790 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of Mohawk Industries by 20.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 61,447 shares of the company’s stock valued at $8,043,000 after buying an additional 10,274 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Mohawk Industries by 0.3% in the first quarter. Vanguard Group Inc. now owns 6,257,677 shares of the company’s stock valued at $819,067,000 after buying an additional 17,541 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on MHK shares. Baird R W upgraded Mohawk Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, October 21st. Wells Fargo & Company upgraded Mohawk Industries from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $140.00 to $160.00 in a report on Monday, October 7th. Truist Financial reduced their target price on Mohawk Industries from $184.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, October 28th. JPMorgan Chase & Co. upped their target price on Mohawk Industries from $124.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada reduced their target price 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. Five 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.08.

Insider Buying and Selling

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

Mohawk Industries Price Performance

Mohawk Industries stock opened at $140.45 on Wednesday. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 15.91, a PEG ratio of 1.46 and a beta of 1.38. Mohawk Industries, Inc. has a 52-week low of $78.30 and a 52-week high of $164.29. The stock’s 50 day moving average price is $152.16 and its two-hundred day moving average price is $135.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.09 and a current ratio of 2.03.

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.