Mohawk Industries, Inc. $MHK Shares Sold by Amundi

Key Points

• Amundi has reduced its stake in Mohawk Industries, Inc. by 14.9%, owning 282,429 shares worth approximately $30.5 million after selling 49,321 shares during the first quarter.
• Analysts have mixed ratings for Mohawk Industries; two analysts rated it a Strong Buy, while the consensus rating is a Moderate Buy with an average target price of $140.14.
• CEO Jeffrey S. Lorberbaum sold 16,000 shares of Mohawk stock, decreasing his position by 32.26%, with insiders having sold a total of 31,500 shares valued at around $3.9 million in the last quarter.

Amundi lowered its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 14.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 282,429 shares of the company's stock after selling 49,321 shares during the period. Amundi owned 0.45% of Mohawk Industries worth $30,457,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MHK. Deutsche Bank AG boosted its stake in Mohawk Industries by 63.2% during the fourth quarter. Deutsche Bank AG now owns 432,038 shares of the company's stock worth $51,469,000 after buying an additional 167,292 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Mohawk Industries by 90.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 215,247 shares of the company's stock valued at $25,642,000 after purchasing an additional 102,271 shares during the last quarter. Ethic Inc. lifted its stake in shares of Mohawk Industries by 53.3% in the 4th quarter. Ethic Inc. now owns 4,506 shares of the company's stock valued at $537,000 after purchasing an additional 1,567 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of Mohawk Industries by 15.0% in the 4th quarter. Focus Partners Wealth now owns 1,867 shares of the company's stock valued at $222,000 after purchasing an additional 244 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Mohawk Industries in the 4th quarter valued at $799,000. Institutional investors and hedge funds own 78.98% of the company's stock.

Mohawk Industries Stock Performance

Shares of NYSE MHK traded up $3.57 during trading hours on Thursday, reaching $138.92. The stock had a trading volume of 289,404 shares, compared to its average volume of 802,980. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 2.95 and a beta of 1.25. 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 fifty-two week low of $96.24 and a fifty-two week high of $164.29. The firm has a 50-day moving average of $122.24 and a 200-day moving average of $112.47.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $2.77 earnings per share (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 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 firm earned $3.00 EPS. The business'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. Equities research analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on MHK. Robert W. Baird increased their target price on Mohawk Industries from $130.00 to $142.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Wells Fargo & Company upped their price target on Mohawk Industries from $120.00 to $140.00 and gave the stock an "equal weight" rating in a report on Thursday. Barclays upped their price target 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 dropped 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, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $123.00 price objective (up previously from $119.00) on shares of Mohawk Industries in a report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $141.93.

Insider Buying and Selling

In other Mohawk Industries news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of Mohawk Industries stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $120.81, for a total value of $1,932,960.00. Following the transaction, the chief executive officer directly owned 33,600 shares in the company, valued at approximately $4,059,216. This trade represents a 32.26% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 shares were sold at an average price of $120.60, for a total value of $301,500.00. Following the completion of the sale, the insider directly owned 91,084 shares of the company's stock, valued at $10,984,730.40. This represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,500 shares of company stock valued at $3,905,221. Company insiders own 17.40% of the company's stock.

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.