Mohawk Industries, Inc. (NYSE:MHK) Short Interest Up 56.0% in March

Mohawk Industries, Inc. (NYSE:MHK) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 3,202,816 shares, a growth of 56.0% from the February 26th total of 2,052,626 shares. Based on an average trading volume of 1,218,616 shares, the days-to-cover ratio is currently 2.6 days. Currently, 6.3% of the shares of the company are short sold.

Mohawk Industries Price Performance

Shares of Mohawk Industries stock traded down $2.42 during trading on Friday, hitting $96.16. 1,314,921 shares of the company were exchanged, compared to its average volume of 1,166,093. The firm has a 50 day moving average price of $117.81 and a 200 day moving average price of $117.66. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 16.24, a P/E/G ratio of 1.53 and a beta of 1.19. The company has a quick ratio of 1.21, a current ratio of 2.19 and a debt-to-equity ratio of 0.21. Mohawk Industries has a fifty-two week low of $95.16 and a fifty-two week high of $143.13.

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

Analyst Ratings Changes

MHK has been the topic of a number of recent analyst reports. Robert W. Baird set a $156.00 price target on shares of Mohawk Industries in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mohawk Industries in a research report on Wednesday, January 28th. Truist Financial raised their price target on Mohawk Industries from $148.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. UBS Group reaffirmed a “neutral” rating and set a $140.00 price target on shares of Mohawk Industries in a research note on Monday, February 16th. Finally, Barclays set a $121.00 price objective on shares of Mohawk Industries in a research report on Monday, December 8th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $137.64.

Insiders Place Their Bets

In other Mohawk Industries news, insider Suzanne L. Helen sold 3,000 shares of Mohawk Industries stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $97.80, for a total value of $293,400.00. Following the transaction, the insider directly owned 53,893 shares in the company, valued at approximately $5,270,735.40. This trade represents a 5.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 12,000 shares of company stock worth $1,246,336. 17.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mohawk Industries

Several hedge funds have recently modified their holdings of the company. Atlas FRM LLC lifted its stake in shares of Mohawk Industries by 28.0% during the 2nd quarter. Atlas FRM LLC now owns 608,000 shares of the company’s stock worth $63,743,000 after purchasing an additional 133,000 shares during the period. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Mohawk Industries in the third quarter valued at $20,054,000. Wilsey Asset Management Inc. grew its position in shares of Mohawk Industries by 11.5% in the fourth quarter. Wilsey Asset Management Inc. now owns 237,869 shares of the company’s stock valued at $25,999,000 after purchasing an additional 24,621 shares during the period. ARGA Investment Management LP increased its stake in Mohawk Industries by 1,508.1% in the third quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock valued at $63,008,000 after purchasing an additional 458,349 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in Mohawk Industries by 3.4% during the third quarter. Schroder Investment Management Group now owns 837,556 shares of the company’s stock worth $107,978,000 after buying an additional 27,888 shares during the period. 78.98% of the stock is owned by institutional investors and hedge funds.

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.