Mather Group LLC. Buys 365 Shares of Mohawk Industries, Inc. $MHK

Mather Group LLC. grew its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 19.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,206 shares of the company’s stock after acquiring an additional 365 shares during the quarter. Mather Group LLC.’s holdings in Mohawk Industries were worth $231,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Mohawk Industries by 13.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,915 shares of the company’s stock valued at $787,000 after acquiring an additional 831 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of Mohawk Industries by 78.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,574 shares of the company’s stock valued at $408,000 after acquiring an additional 1,566 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Mohawk Industries by 12.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company’s stock valued at $414,017,000 after acquiring an additional 410,388 shares during the period. Truist Financial Corp lifted its position in shares of Mohawk Industries by 7.9% during the 1st quarter. Truist Financial Corp now owns 403,936 shares of the company’s stock valued at $46,121,000 after acquiring an additional 29,480 shares during the period. Finally, QSM Asset Management Ltd raised its holdings in shares of Mohawk Industries by 25.0% during the 1st quarter. QSM Asset Management Ltd now owns 63,566 shares of the company’s stock worth $7,160,000 after buying an additional 12,700 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Bernard Thiers sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $128.21, for a total transaction of $1,282,100.00. Following the sale, the director owned 105,532 shares in the company, valued at $13,530,257.72. This represents a 8.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the company’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $120.81, for a total value of $1,932,960.00. Following the sale, the chief executive officer owned 33,600 shares in the company, valued at approximately $4,059,216. The trade was a 32.26% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,791 shares of company stock worth $4,357,225. Corporate insiders own 17.40% of the company’s stock.

Mohawk Industries Price Performance

Shares of MHK opened at $128.77 on Friday. Mohawk Industries, Inc. has a 12-month low of $96.24 and a 12-month high of $164.29. The business has a 50-day simple moving average of $127.33 and a two-hundred day simple moving average of $113.75. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 0.21. The stock has a market cap of $8.00 billion, a PE ratio of 17.12, a PEG ratio of 2.80 and a beta of 1.25.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, July 24th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.15. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the prior year, the firm earned $3.00 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. Analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on MHK. Royal Bank Of Canada reissued a “sector perform” rating and set a $123.00 price target (up previously from $119.00) on shares of Mohawk Industries in a report on Monday, July 28th. Robert W. Baird boosted their price target on Mohawk Industries from $130.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Barclays boosted their price target on Mohawk Industries from $111.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. JPMorgan Chase & Co. boosted their price target on Mohawk Industries from $139.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Finally, Wells Fargo & Company boosted their price target on Mohawk Industries from $120.00 to $140.00 and gave the stock an “equal weight” rating in a report on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.93.

Mohawk Industries 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.