Deutsche Bank AG bought a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,708 shares of the company's stock, valued at approximately $2,634,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of MHK. UBS Group AG grew its stake in Mohawk Industries by 6.1% in the 4th quarter. UBS Group AG now owns 227,068 shares of the company's stock worth $24,819,000 after acquiring an additional 13,090 shares in the last quarter. Tejara Capital Ltd purchased a new stake in shares of Mohawk Industries in the fourth quarter valued at approximately $2,514,000. Olstein Capital Management L.P. boosted its holdings in shares of Mohawk Industries by 23.9% in the fourth quarter. Olstein Capital Management L.P. now owns 68,750 shares of the company's stock valued at $7,514,000 after purchasing an additional 13,250 shares during the period. BNP Paribas Financial Markets grew its stake in Mohawk Industries by 11.5% in the fourth quarter. BNP Paribas Financial Markets now owns 132,723 shares of the company's stock worth $14,507,000 after purchasing an additional 13,663 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Mohawk Industries by 275.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 61,477 shares of the company's stock worth $6,719,000 after purchasing an additional 45,109 shares during the period. 78.98% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, CEO Jeffrey S. Lorberbaum sold 5,764 shares of Mohawk Industries stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $131.76, for a total value of $759,464.64. Following the sale, the chief executive officer owned 79,625 shares of the company's stock, valued at approximately $10,491,390. This trade represents a 6.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suzanne L. Helen sold 1,000 shares of Mohawk Industries stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $139.48, for a total transaction of $139,480.00. Following the completion of the sale, the insider owned 6,132 shares in the company, valued at approximately $855,291.36. This trade represents a 14.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 115,882 shares of company stock valued at $14,603,948 over the last ninety days. 17.90% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the company. Wells Fargo & Company raised their price target on Mohawk Industries from $115.00 to $125.00 and gave the company an "equal weight" rating in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $121.00 target price on shares of Mohawk Industries in a report on Tuesday, August 4th. Truist Financial boosted their price target on shares of Mohawk Industries from $135.00 to $155.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Barclays upped their price target on shares of Mohawk Industries from $109.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Monday, August 3rd. Finally, Wall Street Zen raised shares of Mohawk Industries from a "hold" rating to a "buy" rating in a report on Sunday, June 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $130.50.
Get Our Latest Stock Analysis on MHK
Mohawk Industries Stock Down 1.7%
Shares of MHK stock opened at $129.94 on Friday. Mohawk Industries, Inc. has a fifty-two week low of $92.99 and a fifty-two week high of $143.13. The firm has a market capitalization of $8.80 billion, a PE ratio of 17.21, a P/E/G ratio of 1.91 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.92. The stock's 50-day simple moving average is $122.10 and its 200-day simple moving average is $113.00.
Mohawk Industries (NYSE:MHK - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.58 by $1.09. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the firm posted $2.77 earnings per share. The firm's quarterly revenue was up 6.8% on a year-over-year basis. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Equities analysts expect that Mohawk Industries, Inc. will post 9.9 earnings per share for the current year.
About Mohawk Industries
(
Free Report)
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.
Further Reading
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