Dimensional Fund Advisors LP Raises Position in Mohawk Industries, Inc. $MHK

Key Points

• Dimensional Fund Advisors LP increased its stake in Mohawk Industries by 7.8% during the 1st quarter, now owning approximately 4.74% of the company, valued at $338.4 million.
• Brokerages have recently revised their price targets for Mohawk Industries, with Wells Fargo increasing theirs from $105 to $115 and Barclays from $111 to $125, with an average target price of $140.14.
• Insiders have been selling shares, with CEO Jeffrey S. Lorberbaum reducing his holdings by 32.26% after selling 16,000 shares at an average price of $120.81.

Dimensional Fund Advisors LP raised its stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 7.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,964,190 shares of the company's stock after purchasing an additional 213,429 shares during the period. Dimensional Fund Advisors LP owned approximately 4.74% of Mohawk Industries worth $338,444,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. increased its position in Mohawk Industries by 7.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 73,000 shares of the company's stock valued at $8,697,000 after acquiring an additional 5,142 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Mohawk Industries in the fourth quarter valued at about $4,891,000. Mariner LLC boosted its position in Mohawk Industries by 24.4% during the 4th quarter. Mariner LLC now owns 15,606 shares of the company's stock worth $1,859,000 after acquiring an additional 3,057 shares during the last quarter. Forum Financial Management LP acquired a new position in Mohawk Industries during the fourth quarter worth $273,000. Finally, MetLife Investment Management LLC grew its holdings in shares of Mohawk Industries by 1.8% in the 4th quarter. MetLife Investment Management LLC now owns 13,865 shares of the company's stock valued at $1,652,000 after acquiring an additional 245 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company's stock.

Wall Street Analysts Forecast Growth

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

Mohawk Industries Trading Up 7.3%

Shares of MHK traded up $9.0260 during trading hours on Friday, hitting $133.1960. The company had a trading volume of 308,543 shares, compared to its average volume of 813,045. The stock's 50 day moving average price is $113.61 and its 200 day moving average price is $111.07. Mohawk Industries, Inc. has a 52-week low of $96.24 and a 52-week 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. The firm has a market cap of $8.28 billion, a P/E ratio of 17.76, a P/E/G ratio of 2.70 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 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 the consensus estimate of $2.76 billion. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.The business's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.00 EPS. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. On average, research analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insider Activity

In related news, VP Rodney David Patton sold 700 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $128.05, for a total transaction of $89,635.00. Following the completion of the sale, the vice president directly owned 17,804 shares in the company, valued at approximately $2,279,802.20. The trade was a 3.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 33,600 shares of the company's stock, valued at $4,059,216. This represents a 32.26% 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 quarter. 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.