Aberdeen Group plc Sells 3,032 Shares of Mohawk Industries, Inc. $MHK

Key Points

• Aberdeen Group plc reduced its stake in Mohawk Industries by 45.4%, selling 3,032 shares and holding 3,646 shares valued at approximately $411,000.
• Several institutional investors increased their holdings in Mohawk Industries, with Mirae Asset Global Investments Co. Ltd. raising its stake by 13.7%, and Cambridge Investment Research Advisors Inc. boosting theirs by 78.0% in the same quarter.
• Mohawk Industries reported earnings of $2.77 per share, exceeding estimates, with revenue of $2.80 billion, and set Q3 2025 guidance for earnings between $2.560 and $2.660 per share.

Aberdeen Group plc decreased its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 45.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,646 shares of the company's stock after selling 3,032 shares during the quarter. Aberdeen Group plc's holdings in Mohawk Industries were worth $411,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Federated Hermes Inc. boosted its holdings in shares of Mohawk Industries by 326.3% during the 1st quarter. Federated Hermes Inc. now owns 243 shares of the company's stock valued at $28,000 after acquiring an additional 186 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its holdings in shares of Mohawk Industries by 40.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company's stock valued at $55,000 after acquiring an additional 139 shares in the last quarter. Allworth Financial LP lifted its holdings in Mohawk Industries by 36.2% during the 1st quarter. Allworth Financial LP now owns 595 shares of the company's stock worth $65,000 after buying an additional 158 shares during the period. Mufg Securities Americas Inc. acquired a new position in Mohawk Industries during the 4th quarter worth about $92,000. Finally, Kapitalo Investimentos Ltda acquired a new position in Mohawk Industries during the 4th quarter worth about $114,000. Institutional investors and hedge funds own 78.98% of the company's stock.

Mohawk Industries Trading Up 0.9%

Shares of NYSE:MHK traded up $1.17 during midday trading on Wednesday, reaching $132.32. The company's stock had a trading volume of 294,773 shares, compared to its average volume of 811,727. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 2.87 and a beta of 1.28. The firm has a 50 day moving average price of $115.49 and a two-hundred day moving average price of $111.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.18 and a current ratio of 2.13.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on MHK shares. Wall Street Zen downgraded Mohawk Industries from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Barclays lifted their target price on Mohawk Industries from $111.00 to $125.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Evercore ISI cut their target price on Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating on the stock in a report on Monday, July 28th. Wells Fargo & Company lifted their target price on Mohawk Industries from $105.00 to $115.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $123.00 target price (up from $119.00) on shares of Mohawk Industries in a report on Monday, July 28th. 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's stock. Based on data from MarketBeat.com, Mohawk Industries presently has an average rating of "Moderate Buy" and an average target price of $140.14.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 800 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $132.92, for a total value of $106,336.00. Following the completion of the sale, the insider directly owned 88,784 shares of the company's stock, valued at $11,801,169.28. The trade was a 0.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $120.81, for a total value of $1,932,960.00. Following the completion of the sale, the chief executive officer directly owned 33,600 shares of the company's stock, valued at $4,059,216. The trade was a 32.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,500 shares of company stock valued at $3,905,221. 17.40% of the stock is currently owned by corporate insiders.

About Mohawk Industries

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.