Bamco Inc. NY Invests $20.83 Million in Mohawk Industries, Inc. $MHK

Key Points

• Bamco Inc. NY acquired a new $20.83 million stake in Mohawk Industries, purchasing 171,703 shares, or approximately 0.25% of the flooring manufacturer. Institutional investors collectively own 78.98% of MHK.
• Mohawk reported strong quarterly results, with EPS of $3.67 versus the $2.58 consensus and revenue of $2.99 billion, up 6.8% year over year and above expectations.
• Despite recent insider selling totaling about $14.6 million over 90 days, analysts maintain a consensus “Hold” rating with an average price target of $130.50, close to the stock’s $129.94 opening price.

Bamco Inc. NY purchased a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 171,703 shares of the company's stock, valued at approximately $20,833,000. Bamco Inc. NY owned about 0.25% of Mohawk Industries as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MHK. UBS Group AG grew its holdings in shares of Mohawk Industries by 6.1% during the 4th quarter. UBS Group AG now owns 227,068 shares of the company's stock worth $24,819,000 after purchasing an additional 13,090 shares in the last quarter. Tejara Capital Ltd acquired a new position in shares of Mohawk Industries in the fourth quarter valued at $2,514,000. Olstein Capital Management L.P. lifted its position in Mohawk Industries by 23.9% in the fourth quarter. Olstein Capital Management L.P. now owns 68,750 shares of the company's stock worth $7,514,000 after purchasing an additional 13,250 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Mohawk Industries by 11.5% in the 4th quarter. BNP Paribas Financial Markets now owns 132,723 shares of the company's stock valued at $14,507,000 after buying an additional 13,663 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Mohawk Industries by 275.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 61,477 shares of the company's stock worth $6,719,000 after acquiring an additional 45,109 shares during the period. 78.98% of the stock is owned by institutional investors and hedge funds.

Mohawk Industries Price Performance

Shares of MHK stock opened at $129.94 on Friday. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.91 and a beta of 1.18. Mohawk Industries, Inc. has a 12 month low of $92.99 and a 12 month high of $143.13. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $122.10 and a 200 day moving average price of $113.00.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.58 by $1.09. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.79 billion. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The company's revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Research analysts expect that Mohawk Industries, Inc. will post 9.9 EPS for the current year.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 16,600 shares of the company's stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total value of $1,875,302.00. Following the completion of the transaction, the insider directly owned 14,132 shares of the company's stock, valued at approximately $1,596,492.04. This represents a 54.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bernard Thiers sold 13,393 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $134.98, for a total value of $1,807,787.14. Following the transaction, the director owned 93,633 shares of the company's stock, valued at approximately $12,638,582.34. This trade represents a 12.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 115,882 shares of company stock worth $14,603,948. Corporate insiders own 17.90% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MHK shares. Robert W. Baird increased their target price on shares of Mohawk Industries from $112.00 to $132.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Zacks Research raised shares of Mohawk Industries from a "strong sell" rating to a "hold" rating in a research note on Friday, June 19th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $121.00 price objective on shares of Mohawk Industries in a report on Tuesday, August 4th. Royal Bank Of Canada lifted their target price on shares of Mohawk Industries from $117.00 to $130.00 and gave the company a "sector perform" rating in a research note on Monday, August 3rd. Finally, Barclays raised their target price on Mohawk Industries from $109.00 to $115.00 and gave the company an "equal weight" rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $130.50.

Mohawk Industries 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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