Chesley Taft & Associates LLC Invests $231,000 in Mohawk Industries, Inc. $MHK

Key Points

• Chesley Taft & Associates LLC acquired 2,207 shares of Mohawk Industries, valued at approximately $231,000, during the second quarter, indicating investor confidence in the company.
• Mohawk Industries reported $2.77 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $2.62, along with a revenue of $2.80 billion.
• The stock has seen several price target increases from various analysts, with a consensus target price of $141.93 and a prevailing consensus rating of "Moderate Buy."

Chesley Taft & Associates LLC bought a new stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,207 shares of the company's stock, valued at approximately $231,000.

Several other large investors have also recently added to or reduced their stakes in the company. Citadel Investment Advisory Inc. grew its stake in Mohawk Industries by 0.8% during the first quarter. Citadel Investment Advisory Inc. now owns 12,848 shares of the company's stock worth $1,467,000 after buying an additional 100 shares during the last quarter. M&T Bank Corp lifted its holdings in Mohawk Industries by 3.8% in the first quarter. M&T Bank Corp now owns 3,315 shares of the company's stock valued at $378,000 after buying an additional 122 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in Mohawk Industries by 3.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,006 shares of the company's stock valued at $457,000 after buying an additional 126 shares during the period. Venturi Wealth Management LLC raised its holdings in Mohawk Industries by 4.7% in the first quarter. Venturi Wealth Management LLC now owns 2,899 shares of the company's stock worth $331,000 after purchasing an additional 131 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in Mohawk Industries by 9.1% in the first quarter. Exchange Traded Concepts LLC now owns 1,635 shares of the company's stock worth $187,000 after purchasing an additional 136 shares during the period. 78.98% of the stock is owned by institutional investors.

Mohawk Industries Price Performance

MHK stock traded down $2.42 during mid-day trading on Friday, hitting $130.35. The stock had a trading volume of 1,526,280 shares, compared to its average volume of 699,117. The company has a current ratio of 2.13, a quick ratio of 1.18 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $164.29. The firm has a market capitalization of $8.10 billion, a P/E ratio of 17.33, a P/E/G ratio of 2.89 and a beta of 1.25. The firm has a fifty day simple moving average of $125.59 and a 200 day simple moving average of $113.35.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.62 by $0.15. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.76 billion. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.30%. The firm's revenue was up .0% compared to the same quarter last year. During the same period last year, the company earned $3.00 EPS. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. As a group, research analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insider Activity

In other news, insider Suzanne L. Helen sold 2,200 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $137.19, for a total value of $301,818.00. Following the sale, the insider directly owned 85,493 shares of the company's stock, valued at approximately $11,728,784.67. This represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the company's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $120.81, for a total transaction of $1,932,960.00. Following the completion of the transaction, the chief executive officer owned 33,600 shares in the company, valued at approximately $4,059,216. This trade represents a 32.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,791 shares of company stock worth $4,357,225. 17.40% of the stock is owned by insiders.

Analysts Set New Price Targets

MHK has been the topic of several analyst reports. Evercore ISI cut their target price on shares of Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating on the stock in a report on Monday, July 28th. JPMorgan Chase & Co. increased their target price on shares of Mohawk Industries from $139.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Robert W. Baird increased their price objective on shares of Mohawk Industries from $130.00 to $142.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Barclays increased their price objective on shares of Mohawk Industries from $111.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Wells Fargo & Company increased their price objective on shares of Mohawk Industries from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Mohawk Industries has an average rating of "Moderate Buy" and an average target price of $141.93.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.