UBS Group AG Has $24.82 Million Holdings in Mohawk Industries, Inc. $MHK

UBS Group AG raised its stake in Mohawk Industries, Inc. (NYSE:MHK) by 6.1% in the 4th quarter, HoldingsChannel reports. The firm owned 227,068 shares of the company’s stock after acquiring an additional 13,090 shares during the quarter. UBS Group AG’s holdings in Mohawk Industries were worth $24,819,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MHK. Dimensional Fund Advisors LP boosted its holdings in Mohawk Industries by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,085,012 shares of the company’s stock worth $397,714,000 after purchasing an additional 37,487 shares during the last quarter. State Street Corp raised its position in shares of Mohawk Industries by 2.1% in the second quarter. State Street Corp now owns 1,915,831 shares of the company’s stock valued at $200,856,000 after purchasing an additional 39,556 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Mohawk Industries by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,829,830 shares of the company’s stock worth $235,902,000 after acquiring an additional 9,516 shares during the period. AQR Capital Management LLC increased its holdings in Mohawk Industries by 73.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock worth $200,922,000 after acquiring an additional 670,601 shares during the period. Finally, Pzena Investment Management LLC increased its holdings in shares of Mohawk Industries by 0.3% in the 3rd quarter. Pzena Investment Management LLC now owns 1,179,068 shares of the company’s stock worth $152,005,000 after buying an additional 3,293 shares during the last quarter. 78.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Evercore set a $110.00 price objective on shares of Mohawk Industries in a research note on Monday, May 4th. Bank of America reiterated a “neutral” rating and issued a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. Robert W. Baird decreased 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 note on Monday, May 4th. Wells Fargo & Company reduced their price objective on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Finally, JPMorgan Chase & Co. cut their target price on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $123.33.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 5,658 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $105.19, for a total transaction of $595,165.02. Following the transaction, the insider directly owned 61,935 shares in the company, valued at $6,514,942.65. This represents a 8.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 12,000 shares of company stock valued at $1,246,336 in the last quarter. Corporate insiders own 17.90% of the company’s stock.

Mohawk Industries Trading Down 0.2%

Shares of MHK opened at $103.66 on Monday. Mohawk Industries, Inc. has a twelve month low of $93.60 and a twelve month high of $143.13. The company has a market cap of $6.32 billion, a P/E ratio of 15.54, a P/E/G ratio of 2.54 and a beta of 1.20. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21. The company’s fifty day simple moving average is $105.08 and its 200-day simple moving average is $112.75.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. As a group, analysts expect that Mohawk Industries, Inc. will post 8.78 EPS 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.