Assenagon Asset Management S.A. Acquires 28,373 Shares of Mohawk Industries, Inc. $MHK

Key Points

• Assenagon Asset Management boosted its stake in Mohawk Industries by 768.7%, buying 28,373 shares to hold 32,064 shares worth $3.505 million at quarter end.
• Q4 results slightly beat expectations with $2.00 EPS vs. $1.98 expected and $2.70B revenue (+2.4% YoY); Mohawk set Q1 2026 guidance of $1.75–1.85 EPS while analysts show a consensus "Hold" with an average target of $137.64.
• Insiders sold 12,000 shares in the past 90 days (including a 3,000-share sale by Suzanne L. Helen at $97.80); insiders own 17.40% and institutional investors own about 78.98% of the stock, which has a market cap of ~$5.91 billion and a P/E of 16.24.

Assenagon Asset Management S.A. lifted its stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 768.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,064 shares of the company's stock after purchasing an additional 28,373 shares during the period. Assenagon Asset Management S.A. owned 0.05% of Mohawk Industries worth $3,505,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MHK. Wealth Enhancement Advisory Services LLC increased its stake in shares of Mohawk Industries by 7.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 26,094 shares of the company's stock valued at $2,930,000 after acquiring an additional 1,846 shares during the last quarter. NorthCrest Asset Manangement LLC grew its holdings in Mohawk Industries by 63.2% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 4,220 shares of the company's stock valued at $470,000 after purchasing an additional 1,634 shares during the period. New England Research & Management Inc. acquired a new stake in Mohawk Industries in the fourth quarter worth $566,000. Wilsey Asset Management Inc. boosted its position in shares of Mohawk Industries by 11.5% during the fourth quarter. Wilsey Asset Management Inc. now owns 237,869 shares of the company's stock worth $25,999,000 after purchasing an additional 24,621 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Mohawk Industries by 106.2% in the 3rd quarter. Allworth Financial LP now owns 1,338 shares of the company's stock valued at $172,000 after buying an additional 689 shares during the period. Institutional investors own 78.98% of the company's stock.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $96.16 on Monday. The company has a fifty day moving average price of $117.81 and a 200 day moving average price of $117.54. The firm has a market cap of $5.91 billion, a PE ratio of 16.24, a PEG ratio of 1.53 and a beta of 1.19. The company has a current ratio of 2.19, a quick ratio of 1.21 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a 1-year low of $95.16 and a 1-year high of $143.13.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.02. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.68 billion. Mohawk Industries had a return on equity of 6.80% and a net margin of 3.43%.The company's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $1.95 EPS. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. Research analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barclays set a $121.00 price objective on Mohawk Industries in a research note on Monday, December 8th. Wall Street Zen upgraded Mohawk Industries from a "hold" rating to a "buy" rating in a report on Saturday, March 14th. Wolfe Research lowered Mohawk Industries from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 7th. Jefferies Financial Group cut their price objective on Mohawk Industries from $134.00 to $128.00 and set a "hold" rating on the stock in a report on Monday, December 15th. Finally, Evercore set a $143.00 target price on Mohawk Industries in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $137.64.

Insider Activity

In other news, insider Suzanne L. Helen sold 3,000 shares of the business's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $97.80, for a total value of $293,400.00. Following the sale, the insider owned 53,893 shares of the company's stock, valued at $5,270,735.40. The trade was a 5.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 12,000 shares of company stock valued at $1,246,336 in the last 90 days. 17.40% of the stock is owned by company insiders.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.

The company's product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.

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