Inspire Investing LLC Makes New $312,000 Investment in Mohawk Industries, Inc. $MHK

Key Points

• Inspire Investing LLC has made a new investment of approximately $312,000 in Mohawk Industries, acquiring 2,736 shares in the first quarter.
• Mohawk Industries reported earnings of $2.77 per share for the last quarter, surpassing estimates and achieving a net margin of 4.44%, but showing a decline from $3.00 per share year-over-year.
• Analysts have revised their price targets for Mohawk Industries, with an average target now at $141.93, reflecting a mix of Buy and Hold ratings from various research firms.

Inspire Investing LLC acquired a new stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,736 shares of the company's stock, valued at approximately $312,000.

Several other large investors have also added to or reduced their stakes in MHK. Alyeska Investment Group L.P. boosted its holdings in shares of Mohawk Industries by 436.4% during the 1st quarter. Alyeska Investment Group L.P. now owns 756,030 shares of the company's stock worth $86,324,000 after buying an additional 615,095 shares in the last quarter. Sound Shore Management Inc. CT acquired a new position in shares of Mohawk Industries during the 1st quarter valued at $61,159,000. JPMorgan Chase & Co. boosted its stake in 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 acquiring an additional 410,388 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Mohawk Industries by 677.6% during the first quarter. Adage Capital Partners GP L.L.C. now owns 380,770 shares of the company's stock worth $43,476,000 after acquiring an additional 331,800 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Mohawk Industries by 12,165.8% in the first quarter. GAMMA Investing LLC now owns 310,570 shares of the company's stock valued at $35,461,000 after purchasing an additional 308,038 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company's stock.

Mohawk Industries Stock Down 1.4%

Shares of MHK stock traded down $1.88 during trading hours on Monday, reaching $128.78. The company had a trading volume of 729,131 shares, compared to its average volume of 722,208. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 2.84 and a beta of 1.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.13 and a quick ratio of 1.18. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $164.29. The business has a fifty day simple moving average of $125.92 and a 200-day simple moving average of $113.37.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The company reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.62 by $0.15. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the firm posted $3.00 EPS. Mohawk Industries's quarterly 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. On average, research analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Insider Activity

In other Mohawk Industries news, Director Bernard Thiers sold 10,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $128.21, for a total value of $1,282,100.00. Following the completion of the sale, the director directly owned 105,532 shares of the company's stock, valued at approximately $13,530,257.72. This represents a 8.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Rodney David Patton sold 700 shares of the stock in a transaction dated 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 owned 17,804 shares of the company's stock, valued at approximately $2,279,802.20. This trade represents a 3.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,791 shares of company stock valued at $4,357,225 over the last ninety days. Company insiders own 17.40% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on MHK. Royal Bank Of Canada reissued a "sector perform" rating and set a $123.00 price objective (up previously from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. JPMorgan Chase & Co. upped their price target on Mohawk Industries from $139.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Robert W. Baird raised their price objective on Mohawk Industries from $130.00 to $142.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Wells Fargo & Company boosted their price objective on Mohawk Industries from $120.00 to $140.00 and gave the company an "equal weight" rating in a report on Thursday, September 11th. Finally, Evercore ISI cut their target price on Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating on the stock in a report 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. Based on data from MarketBeat.com, Mohawk Industries presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.93.

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.