BNP Paribas Financial Markets Has $33.25 Million Stock Holdings in Mohawk Industries, Inc. $MHK

Key Points

• BNP Paribas Financial Markets increased its stake in Mohawk Industries by 30.8%, owning 291,224 shares worth $33.25 million at the end of the first quarter.
• Analysts have raised their price targets for Mohawk Industries, with Wells Fargo boosting it to $115 and JPMorgan to $140, indicating a generally positive outlook on the stock.
• The company reported earnings of $2.77 per share for the last quarter, surpassing estimates and showing a year-over-year revenue increase of 0% compared to the same quarter last year.

BNP Paribas Financial Markets lifted its holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 30.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 291,224 shares of the company's stock after purchasing an additional 68,618 shares during the period. BNP Paribas Financial Markets owned 0.47% of Mohawk Industries worth $33,252,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. increased its stake in shares of Mohawk Industries by 326.3% in the first quarter. Federated Hermes Inc. now owns 243 shares of the company's stock worth $28,000 after purchasing an additional 186 shares during the period. Brooklyn Investment Group grew its position in Mohawk Industries by 2,506.3% during the first 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. grew its position in Mohawk Industries by 40.6% during the first 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 grew its position in Mohawk Industries by 36.2% during the first 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. acquired a new stake in Mohawk Industries during the fourth quarter worth about $92,000. 78.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MHK has been the topic of a number of recent research reports. Barclays lifted their target price on Mohawk Industries from $111.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. lifted 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. Royal Bank Of Canada reissued 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. Wells Fargo & Company lifted their target price on Mohawk Industries from $105.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Finally, Robert W. Baird lifted their price objective on Mohawk Industries from $130.00 to $142.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Mohawk Industries currently has a consensus rating of "Moderate Buy" and an average price target of $140.14.

Mohawk Industries Price Performance

Shares of MHK stock traded up $3.76 during trading hours on Friday, hitting $139.18. The company had a trading volume of 986,777 shares, compared to its average volume of 807,301. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $164.29. The firm has a market capitalization of $8.65 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 2.84 and a beta of 1.25. The firm's fifty day moving average is $119.86 and its 200 day moving average is $111.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.18 and a current ratio of 2.13.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $2.77 EPS for the quarter, topping the consensus estimate of $2.62 by $0.15. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.76 billion. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.Mohawk Industries's revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $3.00 EPS. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. On average, sell-side analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $120.81, for a total value of $1,932,960.00. Following the transaction, the chief executive officer directly owned 33,600 shares of the company's stock, valued at $4,059,216. The trade was a 32.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bernard Thiers sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $128.21, for a total value of $1,282,100.00. Following the completion of the transaction, the director directly owned 105,532 shares in the company, valued at $13,530,257.72. The trade was a 8.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,500 shares of company stock valued at $3,905,221 over the last quarter. 17.40% of the stock is owned by insiders.

Mohawk Industries Company Profile

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.