Aegis Financial Corp Buys Shares of 146,295 Mohawk Industries, Inc. $MHK

Key Points

• Aegis Financial Corp. acquired 146,295 shares of Mohawk Industries worth approximately $17.75 million, representing 2.8% of Aegis’s portfolio and about 0.22% of Mohawk’s outstanding shares.
• Analysts maintain a generally neutral view, with a consensus “Hold” rating and a $130.50 target price. Institutional investors own approximately 78.98% of the company.
• Mohawk exceeded quarterly expectations, reporting $3.67 in EPS and $2.99 billion in revenue, while revenue increased 6.8% year over year. Company insiders, however, sold roughly $14.6 million of stock over the past 90 days.

Aegis Financial Corp bought a new position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 146,295 shares of the company's stock, valued at approximately $17,750,000. Mohawk Industries accounts for approximately 2.8% of Aegis Financial Corp's holdings, making the stock its 18th biggest holding. Aegis Financial Corp owned about 0.22% of Mohawk Industries at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Greenwood Capital Associates LLC raised its holdings in Mohawk Industries by 11.0% in the second quarter. Greenwood Capital Associates LLC now owns 5,589 shares of the company's stock worth $678,000 after purchasing an additional 554 shares during the period. Empowered Funds LLC acquired a new stake in Mohawk Industries during the 2nd quarter worth $667,000. United Capital Financial Advisors LLC acquired a new stake in Mohawk Industries during the 2nd quarter worth $460,000. Public Employees Retirement System of Ohio bought a new position in Mohawk Industries during the second quarter worth about $1,731,000. Finally, Proficio Capital Partners LLC bought a new position in Mohawk Industries during the second quarter worth about $409,000. 78.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Weiss Ratings upgraded 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 report on Friday, June 19th. Evercore set a $110.00 price objective on Mohawk Industries in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $121.00 target price on shares of Mohawk Industries in a research note on Tuesday, August 4th. Finally, Robert W. Baird lifted their price target on shares of Mohawk Industries from $112.00 to $132.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $130.50.

Mohawk Industries Stock Performance

Shares of MHK opened at $130.29 on Friday. The company has a market cap of $8.83 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 1.88 and a beta of 1.18. The firm has a 50-day moving average of $122.45 and a 200-day moving average of $113.12. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $143.13. 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 (NYSE:MHK - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.58 by $1.09. The company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $2.79 billion. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. Mohawk Industries's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. As a group, equities analysts forecast that Mohawk Industries, Inc. will post 9.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO David Lee Repp sold 225 shares of the 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 of the company's stock, valued at $233,233.74. This represents a 11.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey S. Lorberbaum sold 5,764 shares of the firm's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $131.76, for a total transaction of $759,464.64. Following the sale, the chief executive officer owned 79,625 shares of the company's stock, valued at approximately $10,491,390. This represents a 6.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 115,882 shares of company stock worth $14,603,948. Company insiders own 17.90% of the company's stock.

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.

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