Hsbc Holdings PLC Acquires Shares of 61,849 Mohawk Industries, Inc. $MHK

Hsbc Holdings PLC purchased a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 61,849 shares of the company’s stock, valued at approximately $7,370,000. Hsbc Holdings PLC owned about 0.09% of Mohawk Industries at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Mohawk Industries in the 2nd quarter valued at approximately $777,293,000. Dimensional Fund Advisors LP raised its holdings in Mohawk Industries by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,219,318 shares of the company’s stock valued at $316,962,000 after acquiring an additional 80,761 shares during the period. State Street Corp lifted its position in shares of Mohawk Industries by 2.1% during the second quarter. State Street Corp now owns 1,915,831 shares of the company’s stock worth $200,856,000 after acquiring an additional 39,556 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Mohawk Industries by 15.9% during the fourth quarter. AQR Capital Management LLC now owns 1,829,347 shares of the company’s stock worth $199,948,000 after acquiring an additional 251,012 shares in the last quarter. Finally, Pzena Investment Management LLC grew its position in shares of Mohawk Industries by 0.6% in the fourth quarter. Pzena Investment Management LLC now owns 1,186,400 shares of the company’s stock valued at $129,674,000 after purchasing an additional 7,332 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Weiss Ratings raised Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Zacks Research upgraded Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $121.00 price target on shares of Mohawk Industries in a report on Tuesday, August 4th. Finally, Truist Financial boosted their price objective on shares of Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, Mohawk Industries has an average rating of “Hold” and a consensus target price of $130.50.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 1,000 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $139.48, for a total transaction of $139,480.00. Following the transaction, the insider directly owned 6,132 shares in the company, valued at approximately $855,291.36. This represents a 14.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO David Lee Repp sold 225 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $130.59, for a total value of $29,382.75. Following the transaction, the chief accounting officer directly owned 1,786 shares in the company, valued at approximately $233,233.74. This represents a 11.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 115,882 shares of company stock worth $14,603,948. Company insiders own 17.90% of the company’s stock.

Mohawk Industries Price Performance

MHK stock opened at $130.29 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $143.13. The stock has a market cap of $8.83 billion, a PE ratio of 17.26, a P/E/G ratio of 1.87 and a beta of 1.18. The firm has a 50 day simple moving average of $122.45 and a two-hundred day simple moving average of $113.12.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, beating the consensus estimate of $2.58 by $1.09. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter last year, the company posted $2.77 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, analysts predict that Mohawk Industries, Inc. will post 9.9 EPS for the current fiscal year.

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.