AQR Capital Management LLC Has $45.59 Million Stake in Mohawk Industries, Inc. $MHK

Key Points

• AQR Capital Management LLC decreased its holdings in Mohawk Industries by 3.8%, selling over 16,000 shares during the first quarter, bringing their total ownership to approximately 406,800 shares valued at $45.6 million.
• Insider sales include Director Bernard Thiers selling 10,000 shares for $1.28 million, which represents an 8.66% decrease of his holdings, while Akadage Capital Partners raised its stake by 677.6% during the same quarter.
• Analyst price targets for Mohawk Industries have generally increased, with several firms raising their objectives, leading to an average target price of $140.14 and a rating of "Moderate Buy."

AQR Capital Management LLC decreased its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 406,800 shares of the company's stock after selling 16,096 shares during the quarter. AQR Capital Management LLC owned approximately 0.65% of Mohawk Industries worth $45,592,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Federated Hermes Inc. increased its stake in shares of Mohawk Industries by 326.3% during 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 last quarter. Brooklyn Investment Group increased its stake in shares of Mohawk Industries by 2,506.3% during the 1st quarter. Brooklyn Investment Group now owns 417 shares of the company's stock worth $48,000 after purchasing an additional 401 shares during the last quarter. Resona Asset Management Co. Ltd. increased its stake 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 worth $55,000 after purchasing an additional 139 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of 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. Finally, Mufg Securities Americas Inc. bought a new stake in shares of Mohawk Industries during the 4th quarter worth $92,000. Institutional investors and hedge funds own 78.98% of the company's stock.

Mohawk Industries Stock Up 2.5%

MHK traded up $3.35 during trading on Thursday, reaching $138.70. 264,233 shares of the stock were exchanged, compared to its average volume of 802,795. The stock has a market cap of $8.62 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 2.95 and a beta of 1.25. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $164.29. The stock's 50 day moving average price is $122.24 and its two-hundred day moving average price is $112.47. 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 earnings per share for the quarter, topping analysts' consensus estimates of $2.62 by $0.15. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.76 billion. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.30%. The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $3.00 earnings per share. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. Equities analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insider Activity at Mohawk Industries

In related news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the company'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 transaction, the chief executive officer directly owned 33,600 shares in the company, valued at approximately $4,059,216. This represents a 32.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Suzanne L. Helen sold 2,500 shares of the company's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $120.60, for a total transaction of $301,500.00. Following the completion of the transaction, the insider owned 91,084 shares in the company, valued at $10,984,730.40. This trade represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,500 shares of company stock valued at $3,905,221 over the last three months. Company insiders own 17.40% of the company's stock.

Analysts Set New Price Targets

MHK has been the subject of a number of recent analyst reports. Barclays increased 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 report on Monday, July 28th. JPMorgan Chase & Co. raised their price objective on shares of Mohawk Industries from $139.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Royal Bank Of Canada restated a "sector perform" rating and issued a $123.00 price objective (up previously from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. Evercore ISI lowered their price objective on shares of Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating for the company in a research report on Monday, July 28th. Finally, Wells Fargo & Company lifted their price target on shares of Mohawk Industries from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $141.93.

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.