Balefire LLC acquired a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 2,924 shares of the company's stock, valued at approximately $307,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MHK. Alyeska Investment Group L.P. lifted its holdings in Mohawk Industries by 436.4% during the first quarter. Alyeska Investment Group L.P. now owns 756,030 shares of the company's stock valued at $86,324,000 after purchasing an additional 615,095 shares in the last quarter. Sound Shore Management Inc. CT bought a new stake in shares of Mohawk Industries during the 1st quarter valued at $61,159,000. JPMorgan Chase & Co. lifted its stake in shares of Mohawk Industries by 12.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company's stock valued at $414,017,000 after buying an additional 410,388 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in Mohawk Industries by 677.6% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 380,770 shares of the company's stock worth $43,476,000 after buying an additional 331,800 shares during the period. Finally, GAMMA Investing LLC increased its stake in Mohawk Industries by 12,165.8% in the 1st quarter. GAMMA Investing LLC now owns 310,570 shares of the company's stock worth $35,461,000 after buying an additional 308,038 shares in the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Mohawk Industries news, insider Suzanne L. Helen sold 2,500 shares of Mohawk Industries stock in a transaction on 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 directly owned 91,084 shares of the company's stock, valued at $10,984,730.40. The trade was a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bernard Thiers sold 10,000 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $128.21, for a total transaction of $1,282,100.00. Following the transaction, the director owned 105,532 shares in the company, valued at $13,530,257.72. This trade represents a 8.66% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,791 shares of company stock worth $4,357,225. 17.40% of the stock is owned by company insiders.
Mohawk Industries Price Performance
Shares of Mohawk Industries stock traded down $1.88 during trading hours on Monday, reaching $128.78. The company's stock had a trading volume of 729,131 shares, compared to its average volume of 722,208. The firm has a 50 day moving average price of $125.92 and a 200-day moving average price of $113.37. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.13 and a quick ratio of 1.18. The stock has a market cap of $8.00 billion, a P/E ratio of 17.13, a P/E/G ratio of 2.84 and a beta of 1.25. Mohawk Industries, Inc. has a one year low of $96.24 and a one year high of $164.29.
Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.62 by $0.15. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.30%. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter last year, the firm earned $3.00 EPS. The firm'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, analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages have recently commented on MHK. Wells Fargo & Company boosted their price objective on Mohawk Industries from $120.00 to $140.00 and gave the company an "equal weight" rating in a research report on Thursday, September 11th. Evercore ISI lowered their price target 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. Robert W. Baird increased their price objective on shares of Mohawk Industries from $130.00 to $142.00 and gave the company an "outperform" rating in a report on Monday, July 28th. JPMorgan Chase & Co. boosted their target price on shares of Mohawk Industries from $139.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $123.00 target price (up previously from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $141.93.
Read Our Latest Analysis on MHK
Mohawk Industries Company Profile
(
Free Report)
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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