Mohawk Industries, Inc. $MHK Shares Purchased by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. significantly increased its stake in Mohawk Industries by 436.4% in the first quarter, owning 1.21% of the company worth approximately $86.3 million after acquiring over 615,000 additional shares.
• Several other institutional investors, including Mirae Asset Global Investments and JPMorgan Chase & Co., also boosted their holdings in Mohawk Industries during the same quarter, indicating strong institutional interest in the stock.
• Mohawk Industries recently reported better-than-expected quarterly earnings, with $2.77 earnings per share, surpassing the consensus estimate, and set guidance for Q3 2025 at 2.560-2.660 EPS.

Alyeska Investment Group L.P. increased its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 436.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 756,030 shares of the company's stock after purchasing an additional 615,095 shares during the quarter. Alyeska Investment Group L.P. owned approximately 1.21% of Mohawk Industries worth $86,324,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in Mohawk Industries by 12.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company's stock valued at $414,017,000 after acquiring an additional 410,388 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Mohawk Industries by 7.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,964,190 shares of the company's stock worth $338,444,000 after acquiring an additional 213,429 shares during the last quarter. Invesco Ltd. raised its stake in shares of Mohawk Industries by 5.6% during the 1st quarter. Invesco Ltd. now owns 1,821,951 shares of the company's stock valued at $208,030,000 after buying an additional 96,568 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Mohawk Industries by 4.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,421,965 shares of the company's stock valued at $162,360,000 after buying an additional 55,448 shares during the last quarter. Finally, Pzena Investment Management LLC raised its stake in shares of Mohawk Industries by 2.5% during the 1st quarter. Pzena Investment Management LLC now owns 1,115,944 shares of the company's stock valued at $127,418,000 after buying an additional 27,676 shares during the last quarter. Institutional investors own 78.98% of the company's stock.

Analyst Ratings Changes

MHK has been the topic of a number of analyst reports. Royal Bank Of Canada restated a "sector perform" rating and set a $123.00 target price (up from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. JPMorgan Chase & Co. raised their target price on Mohawk Industries from $139.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Wells Fargo & Company raised their target price on Mohawk Industries from $105.00 to $115.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Evercore ISI lowered their price objective 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. Finally, Barclays raised their target price on shares of 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $140.14.

Insider Buying and Selling at Mohawk Industries

In related news, Director Bernard Thiers sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $128.21, for a total transaction of $1,282,100.00. Following the sale, the director owned 105,532 shares in the company, valued at approximately $13,530,257.72. This trade represents a 8.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Suzanne L. Helen sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $120.60, for a total transaction of $301,500.00. Following the sale, the insider owned 91,084 shares in the company, valued at approximately $10,984,730.40. This trade represents a 2.67% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,500 shares of company stock valued at $3,905,221. Company insiders own 17.40% of the company's stock.

Mohawk Industries Stock Performance

Shares of MHK traded up $3.83 during mid-day trading on Friday, hitting $139.25. 1,347,034 shares of the company's stock were exchanged, compared to its average volume of 708,350. 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 $8.65 billion, a P/E ratio of 18.52, a P/E/G ratio of 3.03 and a beta of 1.25. The business's 50 day moving average is $120.55 and its two-hundred day moving average is $112.02. 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 (NYSE:MHK - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.15. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.30%. The firm had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.76 billion. During the same period in the prior year, the company posted $3.00 earnings per share. The firm's revenue for the quarter was up .0% on a year-over-year basis. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. On average, equities analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Mohawk Industries 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.