Brandywine Global Investment Management LLC Sells 2,421 Shares of Mohawk Industries, Inc. $MHK

Key Points

• Brandywine Global Investment Management LLC reduced its holdings in Mohawk Industries, Inc. by 6.3%, owning 36,254 shares after selling 2,421 shares, valuing their stake at $4.14 million.
• Several institutional investors made significant changes to their positions in Mohawk Industries, with Sound Shore Management purchasing new shares valued at $61.16 million and GAMMA Investing increasing their holdings by 12,165.8%.
• Mohawk Industries reported earnings of $2.77 EPS for the last quarter, exceeding estimates, and has a consensus rating of "Moderate Buy" with an average price target of $140.14 from analysts.

Brandywine Global Investment Management LLC lessened its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 6.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,254 shares of the company's stock after selling 2,421 shares during the period. Brandywine Global Investment Management LLC owned 0.06% of Mohawk Industries worth $4,139,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Mohawk Industries by 13.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,915 shares of the company's stock worth $787,000 after acquiring an additional 831 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Mohawk Industries by 78.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,574 shares of the company's stock worth $408,000 after acquiring an additional 1,566 shares during the period. JPMorgan Chase & Co. grew 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 worth $414,017,000 after acquiring an additional 410,388 shares during the period. Truist Financial Corp grew its stake in shares of Mohawk Industries by 7.9% during the 1st quarter. Truist Financial Corp now owns 403,936 shares of the company's stock worth $46,121,000 after acquiring an additional 29,480 shares during the period. Finally, QSM Asset Management Ltd grew its stake in shares of Mohawk Industries by 25.0% during the 1st quarter. QSM Asset Management Ltd now owns 63,566 shares of the company's stock worth $7,160,000 after acquiring an additional 12,700 shares during the period. Institutional investors own 78.98% of the company's stock.

Insiders Place Their Bets

In related news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $120.81, for a total transaction of $1,932,960.00. Following the completion of the transaction, the chief executive officer directly owned 33,600 shares in the company, valued at $4,059,216. The trade was a 32.26% 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, insider Suzanne L. Helen sold 2,500 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $120.60, for a total value of $301,500.00. Following the transaction, the insider owned 91,084 shares of the company's stock, valued at approximately $10,984,730.40. The trade was a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,700 shares of company stock valued at $3,798,885 in the last ninety days. Corporate insiders own 17.40% of the company's stock.

Mohawk Industries Stock Performance

Shares of NYSE MHK traded up $9.0040 during mid-day trading on Friday, hitting $133.1740. The company had a trading volume of 1,064,183 shares, compared to its average volume of 983,350. Mohawk Industries, Inc. has a 1 year low of $96.24 and a 1 year high of $164.29. The stock's 50-day moving average price is $114.25 and its 200-day moving average price is $111.09. The company has a current ratio of 2.13, a quick ratio of 1.18 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 2.90 and a beta of 1.28.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted 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. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.The business had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.76 billion. During the same period in the previous year, the business earned $3.00 earnings per share. The firm's revenue was up .0% on a year-over-year basis. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. On average, sell-side analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MHK shares. Wells Fargo & Company increased their price target on Mohawk Industries from $105.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Wall Street Zen cut Mohawk Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. lifted their price target on Mohawk Industries from $139.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Evercore ISI reduced their price target on Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating for the company in a research report on Monday, July 28th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $123.00 price target (up from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $140.14.

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.