Mohawk Industries, Inc. $MHK Shares Bought by Rhumbline Advisers

Rhumbline Advisers lifted its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 6.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 122,509 shares of the company’s stock after buying an additional 7,842 shares during the period. Rhumbline Advisers’ holdings in Mohawk Industries were worth $12,844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Activity

In other news, insider Suzanne L. Helen sold 2,500 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $109.54, for a total transaction of $273,850.00. Following the completion of the transaction, the insider directly owned 79,878 shares of the company’s stock, valued at approximately $8,749,836.12. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 9,541 shares of company stock valued at $1,140,653. Company insiders own 17.40% of the company’s stock.

Mohawk Industries Stock Up 0.3%

Mohawk Industries stock opened at $115.90 on Monday. The firm has a market capitalization of $7.17 billion, a P/E ratio of 17.25, a P/E/G ratio of 2.38 and a beta of 1.31. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $143.13. The stock’s fifty day simple moving average is $118.49 and its 200-day simple moving average is $116.83.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MHK. Wells Fargo & Company reiterated a “neutral” rating and set a $130.00 price target on shares of Mohawk Industries in a research report on Monday, October 27th. Vertical Research initiated coverage on shares of Mohawk Industries in a report on Monday, October 20th. They issued a “buy” rating for the company. Barclays cut their target price on Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating on the stock in a research report on Monday, October 27th. Evercore ISI dropped their price objective 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. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Mohawk Industries in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Mohawk Industries has a consensus rating of “Moderate Buy” and an average price target of $138.00.

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.