Rakuten Investment Management Inc. Makes New $38.16 Million Investment in Mohawk Industries, Inc. $MHK

Rakuten Investment Management Inc. acquired a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 296,006 shares of the company’s stock, valued at approximately $38,161,000. Rakuten Investment Management Inc. owned approximately 0.48% of Mohawk Industries as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in Mohawk Industries during the third quarter worth about $25,000. MTM Investment Management LLC purchased a new position in shares of Mohawk Industries during the 2nd quarter valued at about $28,000. Quent Capital LLC bought a new stake in Mohawk Industries in the 3rd quarter worth approximately $33,000. SJS Investment Consulting Inc. lifted its position in Mohawk Industries by 5,385.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 384 shares of the company’s stock worth $50,000 after buying an additional 377 shares during the last quarter. Finally, True Wealth Design LLC boosted its stake in Mohawk Industries by 1,016.7% in the third quarter. True Wealth Design LLC now owns 670 shares of the company’s stock worth $86,000 after buying an additional 610 shares in the last quarter. Institutional investors own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on MHK shares. Wolfe Research downgraded shares of Mohawk Industries from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $150.00 target price (up previously from $140.00) on shares of Mohawk Industries in a report on Tuesday, October 21st. Jefferies Financial Group lowered their price target on shares of Mohawk Industries from $134.00 to $128.00 and set a “hold” rating for the company in a research note on Monday, December 15th. Wells Fargo & Company reduced their price objective on Mohawk Industries from $125.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Monday, December 15th. Finally, Wall Street Zen lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.83.

Mohawk Industries Stock Performance

Shares of NYSE:MHK opened at $119.86 on Wednesday. The company has a market cap of $7.41 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 2.17 and a beta of 1.22. The company has a 50-day moving average price of $111.90 and a 200-day moving average price of $119.25. 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 12 month low of $96.24 and a 12 month high of $143.13.

Mohawk Industries (NYSE:MHK) last announced its quarterly 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 business 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 firm earned $2.90 EPS. The firm’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 anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 2,700 shares of Mohawk Industries stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $109.00, for a total value of $294,300.00. Following the sale, the insider owned 67,893 shares in the company, valued at $7,400,337. The trade was a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 17,600 shares of company stock valued at $1,945,754 over the last ninety days. Company insiders own 17.40% of the company’s stock.

About Mohawk Industries

Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.

The company’s product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.