Syon Capital LLC Invests $603,000 in Mohawk Industries, Inc. $MHK

Syon Capital LLC purchased a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 4,678 shares of the company’s stock, valued at approximately $603,000.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of Mohawk Industries by 123.1% in the second quarter. AQR Capital Management LLC now owns 907,734 shares of the company’s stock worth $94,640,000 after acquiring an additional 500,934 shares in the last quarter. Norges Bank acquired a new position in shares of Mohawk Industries in the 2nd quarter valued at approximately $48,276,000. ARGA Investment Management LP boosted its stake in shares of Mohawk Industries by 1,508.1% during the 3rd quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock valued at $63,008,000 after buying an additional 458,349 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Mohawk Industries by 28.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,820,314 shares of the company’s stock worth $190,842,000 after buying an additional 398,349 shares in the last quarter. Finally, Rakuten Investment Management Inc. bought a new stake in shares of Mohawk Industries in the third quarter worth $38,161,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Stock Performance

Shares of MHK opened at $127.02 on Friday. The firm has a fifty day moving average of $119.60 and a 200-day moving average of $121.28. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.21 and a current ratio of 2.19. Mohawk Industries, Inc. has a 1 year low of $96.24 and a 1 year high of $143.13.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, February 12th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.02. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Mohawk Industries had a net margin of 3.43% and a return on equity of 6.80%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.95 EPS. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. As a group, equities analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MHK. Barclays set a $121.00 price objective on shares of Mohawk Industries in a report on Monday, December 8th. Wall Street Zen cut Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Robert W. Baird set a $156.00 target price on Mohawk Industries in a report on Tuesday. UBS Group reissued a “neutral” rating and set a $140.00 price target on shares of Mohawk Industries in a research report on Monday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $137.64.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 2,700 shares of Mohawk Industries stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $109.00, for a total transaction of $294,300.00. Following the sale, the insider owned 67,893 shares of the company’s stock, valued at approximately $7,400,337. The trade was a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 11,985 shares of company stock worth $1,330,156 over the last quarter. Insiders own 17.40% of the company’s stock.

Mohawk Industries Profile

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.