Union Square Park Capital Management LLC Makes New $985,000 Investment in Mohawk Industries, Inc. $MHK

Union Square Park Capital Management LLC bought a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) during the first quarter, Holdings Channel.com reports. The fund bought 10,000 shares of the company’s stock, valued at approximately $985,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS Group AG boosted its position in Mohawk Industries by 6.1% during the 4th quarter. UBS Group AG now owns 227,068 shares of the company’s stock valued at $24,819,000 after acquiring an additional 13,090 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Mohawk Industries by 93.3% in the 4th quarter. State of Alaska Department of Revenue now owns 42,941 shares of the company’s stock worth $4,693,000 after acquiring an additional 20,728 shares in the last quarter. Tejara Capital Ltd purchased a new position in shares of Mohawk Industries in the 4th quarter valued at approximately $2,514,000. Olstein Capital Management L.P. lifted its stake in shares of Mohawk Industries by 23.9% in the 4th quarter. Olstein Capital Management L.P. now owns 68,750 shares of the company’s stock valued at $7,514,000 after purchasing an additional 13,250 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in shares of Mohawk Industries by 768.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 32,064 shares of the company’s stock valued at $3,505,000 after purchasing an additional 28,373 shares in the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Zacks Research raised Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Weiss Ratings upgraded shares of Mohawk Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday. Truist Financial reduced their target price on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Evercore set a $110.00 price target on shares of Mohawk Industries in a research note on Monday, May 4th. Finally, Robert W. Baird lowered their price target on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $124.42.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 16,600 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the sale, the insider directly owned 14,132 shares of the company’s stock, valued at approximately $1,596,492.04. This represents a 54.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $105.53, for a total transaction of $527,650.00. Following the sale, the chief executive officer owned 25,000 shares in the company, valued at approximately $2,638,250. The trade was a 16.67% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 40,186 shares of company stock worth $4,460,321. 17.90% of the stock is currently owned by company insiders.

Mohawk Industries Stock Up 2.9%

MHK stock opened at $113.16 on Friday. The business has a 50 day moving average of $109.43 and a 200 day moving average of $111.27. The firm has a market cap of $6.90 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 2.80 and a beta of 1.18. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $143.13. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.80 by $0.10. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the previous year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, research analysts forecast that Mohawk Industries, Inc. will post 8.67 EPS for the current fiscal year.

Mohawk Industries Company 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.