Invenomic Capital Management LP Acquires New Position in Mohawk Industries, Inc. $MHK

Key Points

• Invenomic Capital Management LP has purchased a new stake in Mohawk Industries, acquiring 56,023 shares valued at approximately $6.4 million, representing about 0.09% ownership of the company.
• Other institutional investors, including Federated Hermes and Brooklyn Investment Group, have significantly increased their positions in Mohawk Industries, with hedge funds owning 78.98% of the total shares.
• Mohawk Industries reported an earnings per share of $2.77 for the last quarter, exceeding estimates, while the company has set a guidance for Q3 2025 at 2.560-2.660 EPS.

Invenomic Capital Management LP acquired a new position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 56,023 shares of the company's stock, valued at approximately $6,397,000. Invenomic Capital Management LP owned about 0.09% of Mohawk Industries at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MHK. Federated Hermes Inc. boosted its stake in shares of Mohawk Industries by 326.3% during the 1st quarter. Federated Hermes Inc. now owns 243 shares of the company's stock worth $28,000 after buying an additional 186 shares during the last quarter. Brooklyn Investment Group lifted its stake in Mohawk Industries by 2,506.3% in the 1st quarter. Brooklyn Investment Group now owns 417 shares of the company's stock valued at $48,000 after purchasing an additional 401 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its stake in Mohawk Industries by 40.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company's stock valued at $55,000 after purchasing an additional 139 shares during the last quarter. Allworth Financial LP lifted its stake in Mohawk Industries by 36.2% in the 1st quarter. Allworth Financial LP now owns 595 shares of the company's stock valued at $65,000 after purchasing an additional 158 shares during the last quarter. Finally, Mufg Securities Americas Inc. acquired a new stake in Mohawk Industries in the 4th quarter valued at about $92,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Robert W. Baird raised their target price on shares of Mohawk Industries from $130.00 to $142.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Evercore ISI cut their target price on shares of Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating for the company in a research note on Monday, July 28th. 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 note on Monday, July 28th. JPMorgan Chase & Co. raised their target price on shares of Mohawk Industries from $139.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $123.00 price target (up from $119.00) on shares of Mohawk Industries in a report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $140.14.

Mohawk Industries Stock Performance

Shares of MHK traded up $3.83 during mid-day trading on Friday, hitting $139.25. 1,347,034 shares of the company's stock were exchanged, compared to its average volume of 751,168. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $164.29. The stock's 50-day simple moving average is $120.55 and its 200-day simple moving average is $111.98. The firm has a market cap of $8.65 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 3.03 and a beta of 1.25. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $2.77 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.76 billion. During the same period last year, the firm earned $3.00 earnings per share. The business's revenue for the quarter was up .0% on a year-over-year basis. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. On average, equities research analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 2,500 shares of the firm's stock in a transaction that occurred 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 transaction, the insider directly owned 91,084 shares of the company's stock, valued at approximately $10,984,730.40. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the firm's 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 transaction, the chief executive officer directly owned 33,600 shares in the company, 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 sold a total of 31,500 shares of company stock valued at $3,905,221 over the last ninety days. Company insiders own 17.40% of the company's stock.

About Mohawk Industries

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.