AXQ Capital LP Buys New Shares in Mohawk Industries, Inc. $MHK

AXQ Capital LP purchased a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the 4th quarter, Holdings Channel.com reports. The fund purchased 10,354 shares of the company’s stock, valued at approximately $1,132,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Wilsey Asset Management Inc. grew its holdings in 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 during the period. Schroder Investment Management Group raised its stake in Mohawk Industries by 3.4% in the third quarter. Schroder Investment Management Group now owns 837,556 shares of the company’s stock valued at $107,978,000 after buying an additional 27,888 shares during the period. Tabor Asset Management LP lifted its position in shares of Mohawk Industries by 35.5% in the third quarter. Tabor Asset Management LP now owns 69,068 shares of the company’s stock valued at $8,904,000 after buying an additional 18,088 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Mohawk Industries by 101.1% during the 3rd quarter. Rafferty Asset Management LLC now owns 45,973 shares of the company’s stock worth $5,927,000 after acquiring an additional 23,117 shares during the period. Finally, UBS Group AG increased its holdings in shares of Mohawk Industries by 6.1% during the 4th quarter. UBS Group AG now owns 227,068 shares of the company’s stock worth $24,819,000 after acquiring an additional 13,090 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. 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 report on Wednesday, April 8th. Barclays cut their target price on shares of Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Royal Bank Of Canada lifted their target price on shares of Mohawk Industries from $122.00 to $135.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Zacks Research lowered shares of Mohawk Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft set a $109.00 price target on shares of Mohawk Industries in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Mohawk Industries currently has an average rating of “Hold” and a consensus price target of $123.33.

Mohawk Industries Trading Down 0.2%

MHK opened at $105.43 on Wednesday. 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, Inc. has a fifty-two week low of $92.99 and a fifty-two week high of $143.13. The company’s 50 day moving average price is $102.13 and its two-hundred day moving average price is $110.94. The firm has a market capitalization of $6.43 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 2.62 and a beta of 1.20.

Mohawk Industries (NYSE:MHK) last issued 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 company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. Mohawk Industries’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. As a group, research analysts predict that Mohawk Industries, Inc. will post 8.67 earnings per share for the current year.

Insider Activity

In other news, insider Suzanne L. Helen sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $97.80, for a total transaction of $293,400.00. Following the completion of the transaction, the insider directly owned 53,893 shares in the company, valued at $5,270,735.40. This trade represents a 5.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $105.53, for a total value of $527,650.00. Following the completion of the sale, the chief executive officer owned 25,000 shares in the company, valued at $2,638,250. The trade was a 16.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 16,700 shares of company stock valued at $1,736,819. Insiders own 17.90% of the company’s stock.

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.