Ariel Investments LLC Buys 57,391 Shares of Mohawk Industries, Inc. $MHK

Key Points

• Ariel Investments LLC increased its holdings in Mohawk Industries by 3.4%, purchasing an additional 57,391 shares, bringing its total ownership to approximately 1.74 million shares.
• Hedge funds now hold 78.98% of Mohawk Industries' stock, with notable increases in positions from firms like JPMorgan Chase & Co. and Dimensional Fund Advisors.
• Analysts have mixed ratings for Mohawk Industries, with a consensus rating of "Moderate Buy" and a target price averaging $140.14, reflecting slight upward adjustments from various financial institutions.

Ariel Investments LLC lifted its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 3.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,743,574 shares of the company's stock after buying an additional 57,391 shares during the period. Mohawk Industries makes up 2.3% of Ariel Investments LLC's holdings, making the stock its 15th largest position. Ariel Investments LLC owned about 2.79% of Mohawk Industries worth $199,081,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MHK. Federated Hermes Inc. raised its stake in shares of Mohawk Industries by 326.3% in the 1st quarter. Federated Hermes Inc. now owns 243 shares of the company's stock worth $28,000 after buying an additional 186 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Mohawk Industries by 2,506.3% in the 1st quarter. Brooklyn Investment Group now owns 417 shares of the company's stock worth $48,000 after buying an additional 401 shares in the last quarter. Resona Asset Management Co. Ltd. raised its stake in shares of Mohawk Industries by 40.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company's stock worth $55,000 after buying an additional 139 shares in the last quarter. Allworth Financial LP raised its stake in shares of Mohawk Industries by 36.2% in the 1st quarter. Allworth Financial LP now owns 595 shares of the company's stock worth $65,000 after buying an additional 158 shares in the last quarter. Finally, Mufg Securities Americas Inc. bought a new stake in shares of Mohawk Industries in the 4th quarter worth $92,000. Institutional investors own 78.98% of the company's stock.

Mohawk Industries Stock Up 2.8%

Shares of MHK stock traded up $3.83 on Friday, reaching $139.25. 1,347,034 shares of the company's stock traded hands, compared to its average volume of 708,350. Mohawk Industries, Inc. has a 12-month low of $96.24 and a 12-month high of $164.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.18 and a current ratio of 2.13. The company has a market capitalization of $8.65 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 3.03 and a beta of 1.25. The business's 50 day moving average price is $120.55 and its two-hundred day moving average price is $112.02.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $2.77 earnings per share 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 business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the company posted $3.00 earnings per share. Mohawk Industries's revenue for the quarter was up .0% compared to the same quarter last year. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. On average, equities analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, VP Rodney David Patton sold 700 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $128.05, for a total value of $89,635.00. Following the transaction, the vice president owned 17,804 shares in the company, valued at $2,279,802.20. The trade was a 3.78% 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, insider Suzanne L. Helen sold 2,500 shares of the business's stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,500 shares of company stock worth $3,905,221. 17.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on MHK shares. Barclays boosted their price objective on Mohawk Industries from $111.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Evercore ISI cut their target price on Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating on the stock in a research report on Monday, July 28th. Royal Bank Of Canada reaffirmed 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. Robert W. Baird boosted their target price on Mohawk Industries from $130.00 to $142.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. boosted their target price on Mohawk Industries from $139.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $140.14.

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.