ARGA Investment Management LP Acquires 14,825 Shares of Mohawk Industries, Inc. $MHK

Key Points

• ARGA Investment Management LP increased its stake in Mohawk Industries by 95.2% in the second quarter, owning a total of 30,392 shares valued at approximately $3.19 million.
• Mohawk Industries reported a missed earnings estimate for the quarter, recording $2.67 EPS against expectations of $2.68, but showed a revenue increase of 1.4% year-over-year.
• The stock has a market capitalization of $7.99 billion and is currently trading around $128.58, with a 52-week range between $96.24 and $152.89.

ARGA Investment Management LP lifted its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 95.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,392 shares of the company's stock after purchasing an additional 14,825 shares during the quarter. ARGA Investment Management LP's holdings in Mohawk Industries were worth $3,186,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in shares of Mohawk Industries by 12.8% during the first quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company's stock worth $414,017,000 after purchasing an additional 410,388 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Mohawk Industries by 7.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,964,190 shares of the company's stock worth $338,444,000 after purchasing an additional 213,429 shares during the period. Invesco Ltd. raised its position in Mohawk Industries by 5.6% during the first quarter. Invesco Ltd. now owns 1,821,951 shares of the company's stock valued at $208,030,000 after purchasing an additional 96,568 shares in the last quarter. Ariel Investments LLC raised its position in Mohawk Industries by 3.4% during the first quarter. Ariel Investments LLC now owns 1,743,574 shares of the company's stock valued at $199,081,000 after purchasing an additional 57,391 shares in the last quarter. Finally, Select Equity Group L.P. raised its position in Mohawk Industries by 3.4% during the first quarter. Select Equity Group L.P. now owns 1,547,651 shares of the company's stock valued at $176,711,000 after purchasing an additional 50,232 shares in the last quarter. 78.98% of the stock is owned by institutional investors.

Mohawk Industries Stock Performance

NYSE MHK opened at $128.58 on Friday. The firm's fifty day moving average price is $129.68 and its two-hundred day moving average price is $115.44. The stock has a market cap of $7.99 billion, a PE ratio of 17.10, a PEG ratio of 3.63 and a beta of 1.29. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $152.89. 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 posted its earnings results on Thursday, October 23rd. The company reported $2.67 earnings per share for the quarter, missing analysts' consensus estimates of $2.68 by ($0.01). The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.73 billion. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.The business's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.90 EPS. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, equities analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 2,200 shares of the business's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $137.19, for a total value of $301,818.00. Following the sale, the insider owned 85,493 shares of the company's stock, valued at $11,728,784.67. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bernard Thiers sold 10,000 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $128.21, for a total transaction of $1,282,100.00. Following the completion of the sale, the director directly owned 105,532 shares in the company, valued at approximately $13,530,257.72. This represents a 8.66% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,791 shares of company stock worth $4,357,225. Corporate insiders own 17.40% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on MHK. Weiss Ratings restated a "hold (c)" rating on shares of Mohawk Industries in a research report on Wednesday, October 8th. Royal Bank Of Canada restated a "sector perform" rating and set a $123.00 price objective (up from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. Robert W. Baird boosted their price objective on shares of Mohawk Industries from $130.00 to $142.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Raymond James Financial restated a "strong-buy" rating and set a $150.00 price objective (up from $140.00) on shares of Mohawk Industries in a research report on Tuesday. Finally, 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. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Mohawk Industries presently has an average rating of "Moderate Buy" and an average price target of $139.38.

About Mohawk Industries

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.

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