Bailard Inc. Purchases Shares of 6,265 Mohawk Industries, Inc. $MHK

Bailard Inc. purchased a new stake in Mohawk Industries, Inc. (NYSE:MHK) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 6,265 shares of the company’s stock, valued at approximately $685,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MHK. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of Mohawk Industries during the third quarter worth about $20,054,000. Wilsey Asset Management Inc. increased its position in shares of Mohawk Industries by 11.5% during the fourth quarter. Wilsey Asset Management Inc. now owns 237,869 shares of the company’s stock worth $25,999,000 after purchasing an additional 24,621 shares in the last quarter. Schroder Investment Management Group increased its position in shares of 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 purchasing an additional 27,888 shares in the last quarter. ARGA Investment Management LP increased its position in shares of Mohawk Industries by 1,508.1% during the third quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock worth $63,008,000 after purchasing an additional 458,349 shares in the last quarter. Finally, Tabor Asset Management LP grew its holdings in shares of Mohawk Industries by 35.5% during the third quarter. Tabor Asset Management LP now owns 69,068 shares of the company’s stock worth $8,904,000 after buying an additional 18,088 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Stock Performance

Shares of MHK stock opened at $98.94 on Friday. The stock has a market capitalization of $6.03 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 2.40 and a beta of 1.20. Mohawk Industries, Inc. has a 52-week low of $93.60 and a 52-week high of $143.13. The stock’s 50-day moving average price is $102.96 and its 200 day moving average price is $111.80. 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 announced its quarterly earnings data 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 company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.74 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. As a group, equities research analysts forecast that Mohawk Industries, Inc. will post 8.78 EPS for the current year.

Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 3,000 shares of the company’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $97.80, for a total transaction of $293,400.00. Following the transaction, the insider owned 53,893 shares of the company’s stock, valued at $5,270,735.40. This represents a 5.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 12,000 shares of company stock valued at $1,246,336 in the last quarter. 17.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MHK shares. Truist Financial dropped their price target on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft set a $109.00 price target on Mohawk Industries in a research report on Tuesday, May 5th. Wall Street Zen cut Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Barclays dropped their price target on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Finally, Bank of America restated a “neutral” rating and issued a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Mohawk Industries has an average rating of “Hold” and an average price target of $123.33.

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.