Landscape Capital Management L.L.C. Has $2.10 Million Holdings in Mohawk Industries, Inc. $MHK

Key Points

• Landscape Capital Management L.L.C. reduced its holdings in Mohawk Industries by 27.9%, owning 18,363 shares valued at approximately $2.1 million after selling 7,095 shares.
• Wells Fargo raised its price objective on Mohawk Industries to $115.00, while JPMorgan increased theirs to $140.00, highlighting varying analyst ratings on the stock.
• CEO Jeffrey S. Lorberbaum sold 16,000 shares at an average price of $120.81, reducing his ownership stake by over 32% to 33,600 shares.

Landscape Capital Management L.L.C. lessened its holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 27.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,363 shares of the company's stock after selling 7,095 shares during the period. Landscape Capital Management L.L.C.'s holdings in Mohawk Industries were worth $2,097,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MHK. Citadel Investment Advisory Inc. boosted its stake in shares of Mohawk Industries by 0.8% in the 1st quarter. Citadel Investment Advisory Inc. now owns 12,848 shares of the company's stock valued at $1,467,000 after purchasing an additional 100 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Mohawk Industries by 0.5% in the 4th quarter. Janus Henderson Group PLC now owns 25,659 shares of the company's stock valued at $3,054,000 after purchasing an additional 120 shares during the last quarter. M&T Bank Corp boosted its position in Mohawk Industries by 3.8% in the first quarter. M&T Bank Corp now owns 3,315 shares of the company's stock valued at $378,000 after buying an additional 122 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Mohawk Industries by 3.2% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,006 shares of the company's stock worth $457,000 after buying an additional 126 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Mohawk Industries by 4.7% during the first quarter. Venturi Wealth Management LLC now owns 2,899 shares of the company's stock worth $331,000 after buying an additional 131 shares in the last quarter. Institutional investors own 78.98% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MHK. Wells Fargo & Company raised 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. JPMorgan Chase & Co. lifted their price target on Mohawk Industries from $139.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Evercore ISI reduced their price target 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. Wall Street Zen lowered shares of Mohawk Industries from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, Barclays boosted their target price on shares of Mohawk Industries from $111.00 to $125.00 and gave the stock an "equal weight" rating 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $140.14.

Insider Activity

In related news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the business'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 owned 33,600 shares in the company, valued at $4,059,216. The trade was a 32.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Rodney David Patton sold 700 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $128.05, for a total value of $89,635.00. Following the sale, the vice president owned 17,804 shares of the company's stock, valued at approximately $2,279,802.20. The trade was a 3.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 31,500 shares of company stock worth $3,905,221 over the last ninety days. Corporate insiders own 17.40% of the company's stock.

Mohawk Industries Price Performance

Mohawk Industries stock opened at $132.53 on Friday. The stock's 50 day moving average is $116.87 and its 200 day moving average is $111.49. Mohawk Industries, Inc. has a one year low of $96.24 and a one year high of $164.29. The firm has a market cap of $8.23 billion, a P/E ratio of 17.62, a P/E/G ratio of 2.88 and a beta of 1.28. 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 (NYSE:MHK - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $2.77 earnings per share for the quarter, beating analysts' consensus estimates of $2.62 by $0.15. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.76 billion. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.30%. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.00 EPS. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. As a group, research analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

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.

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