BNP Paribas Financial Markets Buys 13,663 Shares of Mohawk Industries, Inc. $MHK

Key Points

• BNP Paribas Financial Markets increased its Mohawk Industries stake by 11.5% in the fourth quarter, buying 13,663 shares and bringing its total holdings to 132,723 shares worth about $14.5 million.
• Mohawk Industries reported strong quarterly results, posting EPS of $1.90 versus the $1.80 estimate and revenue of $2.73 billion, up 8% year over year. The company also issued Q2 2026 EPS guidance of $2.50 to $2.60.
• Despite the earnings beat, sentiment remains mixed: insiders sold shares in recent months, and analysts currently rate the stock a consensus Hold with an average price target of $123.33.

BNP Paribas Financial Markets increased its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 11.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 132,723 shares of the company's stock after buying an additional 13,663 shares during the period. BNP Paribas Financial Markets owned 0.21% of Mohawk Industries worth $14,507,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of MHK. Bayforest Capital Ltd bought a new stake in Mohawk Industries in the 4th quarter valued at about $27,000. Global Retirement Partners LLC boosted its holdings in Mohawk Industries by 950.0% in the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company's stock valued at $28,000 after purchasing an additional 228 shares during the period. Salomon & Ludwin LLC bought a new stake in Mohawk Industries in the 4th quarter valued at about $43,000. Danske Bank A S bought a new stake in Mohawk Industries in the 3rd quarter valued at about $52,000. Finally, Advisory Services Network LLC bought a new stake in Mohawk Industries in the 3rd quarter valued at about $64,000. Institutional investors own 78.98% of the company's stock.

Mohawk Industries Price Performance

MHK stock opened at $102.73 on Friday. The company has a 50 day simple moving average of $102.46 and a 200 day simple moving average of $110.82. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 15.40, a P/E/G ratio of 2.55 and a beta of 1.20. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.80 by $0.10. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.74 billion. During the same period in the prior year, the company earned $1.52 EPS. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Research analysts anticipate that Mohawk Industries, Inc. will post 8.67 EPS for the current fiscal year.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 5,658 shares of the company's stock in a transaction on Monday, March 9th. The shares were sold at an average price of $105.19, for a total value of $595,165.02. Following the sale, the insider directly owned 61,935 shares of the company's stock, valued at approximately $6,514,942.65. This represents a 8.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the company's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $105.53, for a total transaction of $527,650.00. Following the completion of the sale, the chief executive officer directly owned 25,000 shares in the company, valued at approximately $2,638,250. This represents a 16.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 19,544 shares of company stock valued at $2,037,277. Corporate insiders own 17.90% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on MHK shares. Bank of America reissued a "neutral" rating and issued a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. Wells Fargo & Company cut their price target on shares of Mohawk Industries from $125.00 to $105.00 and set an "equal weight" rating for the company in a report on Wednesday, April 8th. Royal Bank Of Canada upped their price target on shares of Mohawk Industries from $122.00 to $135.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 17th. Weiss Ratings downgraded shares of Mohawk Industries from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, May 21st. Finally, UBS Group reaffirmed a "neutral" rating and set a $140.00 price target on shares of Mohawk Industries in a report on Monday, February 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $123.33.

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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