Charles Schwab Investment Management Inc. Has $61.68 Million Position in Mohawk Industries, Inc. $MHK

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Mohawk Industries by 1.1% in the first quarter, owning 540,197 shares worth approximately $61.68 million by quarter-end.
• Mohawk Industries reported earnings per share of $2.77 for the latest quarter, exceeding analysts' expectations of $2.62, with revenues reaching $2.80 billion.
• Analysts have mixed views on the stock with price targets ranging from $123 to $142, reflecting a consensus rating of "Moderate Buy."

Charles Schwab Investment Management Inc. lifted its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 540,197 shares of the company's stock after acquiring an additional 5,939 shares during the period. Charles Schwab Investment Management Inc. owned 0.86% of Mohawk Industries worth $61,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of MHK. LPL Financial LLC lifted its stake in Mohawk Industries by 11.3% in the 4th quarter. LPL Financial LLC now owns 12,569 shares of the company's stock valued at $1,497,000 after buying an additional 1,273 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Mohawk Industries by 7.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 73,000 shares of the company's stock worth $8,697,000 after purchasing an additional 5,142 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Mohawk Industries during the fourth quarter worth $4,891,000. Treasurer of the State of North Carolina boosted its position in shares of Mohawk Industries by 0.7% during the fourth quarter. Treasurer of the State of North Carolina now owns 23,065 shares of the company's stock worth $2,748,000 after buying an additional 150 shares during the period. Finally, Mariner LLC grew its stake in shares of Mohawk Industries by 24.4% in the fourth quarter. Mariner LLC now owns 15,606 shares of the company's stock worth $1,859,000 after acquiring an additional 3,057 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Trading Up 1.8%

Mohawk Industries stock traded up $2.2670 during midday trading on Tuesday, reaching $129.3570. The stock had a trading volume of 325,876 shares, compared to its average volume of 811,186. The firm's fifty day simple moving average is $112.40 and its two-hundred day simple moving average is $110.82. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $164.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.13 and a quick ratio of 1.18. The firm has a market cap of $8.04 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 2.79 and a beta of 1.28.

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

Analyst Ratings Changes

A number of brokerages recently commented on MHK. Wells Fargo & Company boosted their target price on shares of Mohawk Industries from $105.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. upped their target price on shares of Mohawk Industries from $139.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Royal Bank Of Canada reissued a "sector perform" rating and set a $123.00 price target (up from $119.00) on shares of Mohawk Industries in a report on Monday, July 28th. Wall Street Zen cut shares of Mohawk Industries from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, Barclays lifted their target price on shares of Mohawk Industries from $111.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Mohawk Industries currently has an average rating of "Moderate Buy" and an average price target of $140.14.

Insiders Place Their Bets

In related news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the firm's stock in a transaction on Monday, July 28th. The shares were 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 in the company, valued at approximately $4,059,216. This trade represents a 32.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Suzanne L. Helen sold 2,500 shares of the firm's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $120.60, for a total transaction of $301,500.00. Following the completion of the transaction, the insider owned 91,084 shares in the company, valued at $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. Company insiders own 17.40% of the company's stock.

Mohawk Industries 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.