Hound Partners LLC Has $9.87 Million Stake in Mohawk Industries, Inc. $MHK

Hound Partners LLC lifted its stake in Mohawk Industries, Inc. (NYSE:MHK) by 69.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 100,226 shares of the company’s stock after acquiring an additional 41,095 shares during the period. Mohawk Industries accounts for about 1.2% of Hound Partners LLC’s investment portfolio, making the stock its 18th largest position. Hound Partners LLC’s holdings in Mohawk Industries were worth $9,868,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in Mohawk Industries during the fourth quarter valued at approximately $77,528,000. AQR Capital Management LLC lifted its stake in shares of Mohawk Industries by 73.9% in the third quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock worth $200,922,000 after buying an additional 670,601 shares during the last quarter. Steadfast Capital Management LP lifted its stake in shares of Mohawk Industries by 96.3% in the third quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock worth $120,837,000 after buying an additional 459,700 shares during the last quarter. Freestone Grove Partners LP bought a new stake in shares of Mohawk Industries during the 3rd quarter worth $36,076,000. Finally, Gendell Jeffrey L boosted its holdings in shares of Mohawk Industries by 136.3% during the 4th quarter. Gendell Jeffrey L now owns 445,669 shares of the company’s stock worth $48,712,000 after buying an additional 257,100 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Evercore set a $110.00 target price on shares of Mohawk Industries in a research report on Monday, May 4th. Zacks Research raised Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Bank of America reiterated a “neutral” rating and issued a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. Finally, Barclays boosted their price objective on Mohawk Industries from $96.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $124.42.

Insider Activity

In related news, CEO Jeffrey S. Lorberbaum sold 4,500 shares of Mohawk Industries stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $112.08, for a total transaction of $504,360.00. Following the sale, the chief executive officer directly owned 20,000 shares of the company’s stock, valued at $2,241,600. This trade represents a 18.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Suzanne L. Helen sold 16,600 shares of Mohawk Industries stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $112.97, for a total value of $1,875,302.00. Following the sale, the insider directly owned 14,132 shares in the company, valued at approximately $1,596,492.04. This trade represents a 54.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 40,186 shares of company stock valued at $4,460,321. 17.90% of the stock is owned by corporate insiders.

Mohawk Industries Price Performance

NYSE:MHK opened at $113.16 on Monday. The stock has a market cap of $6.90 billion, a P/E ratio of 16.97, a PEG ratio of 2.81 and a beta of 1.18. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $143.13. The company has a fifty day moving average price of $109.43 and a 200 day moving average price of $111.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Analysts anticipate that Mohawk Industries, Inc. will post 8.67 earnings per share for the current year.

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.