Candlestick Capital Management LP Makes New $53.32 Million Investment in Mohawk Industries, Inc. $MHK

Key Points

• Candlestick Capital Management LP opened a new position of 413,592 shares (~$53.32 million) in Mohawk Industries during Q3, representing about 0.67% ownership and making it Candlestick's 27th-largest holding.
• Insider Suzanne L. Helen sold 5,658 shares at an average of $105.19 (part of 15,200 shares totaling $1.65M sold by insiders in the last three months), and company insiders now own 17.40% of the stock.
• Analysts have a consensus "Hold" rating with a $137.64 price target amid mixed recent notes (Truist raised its target to $155 while Jefferies cut to $128), and Mohawk slightly beat quarterly EPS at $2.00 and set Q1 2026 guidance of $1.75–$1.85.

Candlestick Capital Management LP bought a new position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 413,592 shares of the company's stock, valued at approximately $53,320,000. Mohawk Industries makes up about 1.3% of Candlestick Capital Management LP's holdings, making the stock its 27th biggest holding. Candlestick Capital Management LP owned 0.67% of Mohawk Industries as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Resona Asset Management Co. Ltd. increased its position in shares of Mohawk Industries by 22.6% during the third quarter. Resona Asset Management Co. Ltd. now owns 612 shares of the company's stock valued at $78,000 after acquiring an additional 113 shares during the last quarter. AlphaQuest LLC boosted its position in Mohawk Industries by 4.2% in the third quarter. AlphaQuest LLC now owns 2,774 shares of the company's stock worth $358,000 after purchasing an additional 113 shares during the last quarter. Hantz Financial Services Inc. boosted its position in Mohawk Industries by 4.1% in the third quarter. Hantz Financial Services Inc. now owns 2,912 shares of the company's stock worth $375,000 after purchasing an additional 116 shares during the last quarter. Wedmont Private Capital grew its stake in Mohawk Industries by 4.3% in the 3rd quarter. Wedmont Private Capital now owns 3,031 shares of the company's stock valued at $372,000 after purchasing an additional 126 shares during the period. Finally, Mather Group LLC. grew its stake in Mohawk Industries by 6.3% in the 3rd quarter. Mather Group LLC. now owns 2,344 shares of the company's stock valued at $302,000 after purchasing an additional 138 shares during the period. Hedge funds and other institutional investors own 78.98% of the company's stock.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 5,658 shares of the business's stock in a transaction that occurred 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 owned 61,935 shares of the company's stock, valued at $6,514,942.65. The trade was a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 15,200 shares of company stock valued at $1,648,276 in the last three months. 17.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Evercore set a $143.00 target price on Mohawk Industries in a research note on Tuesday, February 17th. Weiss Ratings restated a "hold (c-)" rating on shares of Mohawk Industries in a research report on Wednesday, January 28th. Wolfe Research lowered shares of Mohawk Industries from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, January 7th. Truist Financial boosted their target price on shares of Mohawk Industries from $148.00 to $155.00 and gave the company a "buy" rating in a research note on Tuesday, February 17th. Finally, Jefferies Financial Group reduced their target price on shares of Mohawk Industries from $134.00 to $128.00 and set a "hold" rating for the company in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $137.64.

Mohawk Industries Stock Down 0.5%

MHK stock opened at $102.47 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.21 and a current ratio of 2.19. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 1.63 and a beta of 1.19. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $143.13. The stock has a fifty day moving average of $121.10 and a 200-day moving average of $120.02.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.02. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.68 billion. Mohawk Industries had a return on equity of 6.80% and a net margin of 3.43%.The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.95 EPS. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. As a group, equities research analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Mohawk Industries Company 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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