Aberdeen Group plc Lowers Stock Holdings in 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 holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 45.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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.

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

Mohawk Industries Trading Down 1.2%

MHK traded down $1.53 during trading hours on Thursday, reaching $130.69. The company's stock had a trading volume of 114,509 shares, compared to its average volume of 808,911. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29. The stock has a market cap of $8.12 billion, a PE ratio of 17.41, a P/E/G ratio of 2.85 and a beta of 1.28. The business's 50-day moving average is $116.18 and its 200-day moving average is $111.38. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.13 and a quick ratio of 1.18.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $2.77 earnings per share 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 analysts' expectations of $2.76 billion. During the same period in the previous year, the firm posted $3.00 earnings per share. The company's revenue was up .0% on a year-over-year basis. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. As a group, equities research analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Insider Activity at Mohawk Industries

In other news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of Mohawk Industries stock in a transaction dated 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 sale, the chief executive officer owned 33,600 shares in the company, valued at approximately $4,059,216. The trade was a 32.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Rodney David Patton sold 700 shares of Mohawk Industries stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $128.05, for a total value of $89,635.00. Following the sale, the vice president owned 17,804 shares in the company, valued at $2,279,802.20. This trade represents a 3.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,500 shares of company stock worth $3,905,221 over the last 90 days. 17.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MHK shares. Robert W. Baird boosted their price objective on Mohawk Industries from $130.00 to $142.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $123.00 price objective (up from $119.00) on shares of Mohawk Industries in a research note on Monday, July 28th. JPMorgan Chase & Co. boosted their price objective on Mohawk Industries from $139.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Evercore ISI cut their price objective on Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating for the company in a research note on Monday, July 28th. Finally, Barclays boosted their price objective on Mohawk Industries from $111.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.14.

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.