Kinney Asset Management LLC Raises Holdings in Mohawk Industries, Inc. $MHK

Kinney Asset Management LLC grew its stake in Mohawk Industries, Inc. (NYSE:MHK) by 87.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 164,244 shares of the company’s stock after purchasing an additional 76,754 shares during the period. Mohawk Industries makes up about 23.2% of Kinney Asset Management LLC’s portfolio, making the stock its 3rd biggest position. Kinney Asset Management LLC owned about 0.26% of Mohawk Industries worth $17,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of MHK. Federated Hermes Inc. lifted its position in Mohawk Industries by 326.3% in the first quarter. Federated Hermes Inc. now owns 243 shares of the company’s stock worth $28,000 after buying an additional 186 shares during the last quarter. MTM Investment Management LLC purchased a new stake in shares of Mohawk Industries in the second quarter valued at $28,000. Brooklyn Investment Group raised its stake in shares of Mohawk Industries by 2,506.3% in the first quarter. Brooklyn Investment Group now owns 417 shares of the company’s stock valued at $48,000 after acquiring an additional 401 shares during the period. Resona Asset Management Co. Ltd. lifted its holdings in shares of Mohawk Industries by 40.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company’s stock worth $55,000 after acquiring an additional 139 shares during the last quarter. Finally, Mufg Securities Americas Inc. boosted its stake in shares of Mohawk Industries by 23.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 1,150 shares of the company’s stock worth $121,000 after purchasing an additional 222 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on MHK shares. Wells Fargo & Company reissued a “neutral” rating and issued a $130.00 price objective on shares of Mohawk Industries in a research note on Monday, October 27th. Evercore ISI decreased their price target on Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a research note on Wednesday, November 19th. Vertical Research began coverage on Mohawk Industries in a research report on Monday, October 20th. They issued a “buy” rating on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday, October 31st. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $150.00 target price (up from $140.00) on shares of Mohawk Industries in a research note on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Mohawk Industries presently has an average rating of “Moderate Buy” and an average price target of $138.00.

Mohawk Industries Price Performance

Shares of MHK stock opened at $115.90 on Monday. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $143.13. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $118.49 and a two-hundred day simple moving average of $116.83. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 17.25, a P/E/G ratio of 2.38 and a beta of 1.31.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $2.67 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.01). Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the prior year, the business posted $2.90 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 635 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $115.04, for a total value of $73,050.40. Following the completion of the sale, the insider owned 79,243 shares of the company’s stock, valued at approximately $9,116,114.72. This represents a 0.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 9,541 shares of company stock valued at $1,140,653. Insiders own 17.40% of the company’s stock.

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.