Brandywine Global Investment Management LLC Has $4.14 Million Holdings in 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 cut its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 quarter.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Mohawk Industries by 12.8% during the first quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company's stock worth $414,017,000 after purchasing an additional 410,388 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Mohawk Industries by 7.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,964,190 shares of the company's stock worth $338,444,000 after purchasing an additional 213,429 shares during the period. Invesco Ltd. increased its holdings in shares of Mohawk Industries by 5.6% during the first quarter. Invesco Ltd. now owns 1,821,951 shares of the company's stock worth $208,030,000 after purchasing an additional 96,568 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Mohawk Industries by 4.1% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,421,965 shares of the company's stock worth $162,360,000 after purchasing an additional 55,448 shares during the period. Finally, Pzena Investment Management LLC increased its holdings in shares of Mohawk Industries by 2.5% during the first quarter. Pzena Investment Management LLC now owns 1,115,944 shares of the company's stock worth $127,418,000 after purchasing an additional 27,676 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MHK has been the topic of several recent research reports. Wall Street Zen cut shares of Mohawk Industries from a "buy" rating to a "hold" rating in a report on Monday, May 5th. JPMorgan Chase & Co. lifted their price objective on shares of Mohawk Industries from $139.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Barclays lifted their price objective on shares of Mohawk Industries from $111.00 to $125.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Robert W. Baird lifted their price objective on shares of Mohawk Industries from $130.00 to $142.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Finally, Evercore ISI decreased their price objective on shares of Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating on the stock in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Mohawk Industries has an average rating of "Moderate Buy" and an average price target of $140.14.

Mohawk Industries Price Performance

Shares of NYSE MHK traded up $9.0350 during midday trading on Friday, reaching $133.2050. 650,430 shares of the company were exchanged, compared to its average volume of 815,099. The stock's 50-day moving average price is $113.61 and its 200-day moving average price is $111.07. The stock has a market cap of $8.28 billion, a P/E ratio of 17.70, a PEG ratio of 2.70 and a beta of 1.28. Mohawk Industries, Inc. has a one year low of $96.24 and a one year high of $164.29. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 0.21.

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

Insider Activity at Mohawk Industries

In other Mohawk Industries news, 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 sale, the director owned 105,532 shares of the company's stock, valued at approximately $13,530,257.72. The trade was a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Suzanne L. Helen sold 1,500 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $128.46, for a total transaction of $192,690.00. Following the sale, the insider directly owned 89,584 shares in the company, valued at approximately $11,507,960.64. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,700 shares of company stock worth $3,798,885. Corporate insiders own 17.40% of the company's stock.

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.