MBB Public Markets I LLC Invests $307,000 in Mohawk Industries, Inc. $MHK

Key Points

• MBB Public Markets I LLC has purchased 2,688 shares of Mohawk Industries, valued at approximately $307,000, as reported in their recent 13F filing.
• Alyeska Investment Group's stake increased by 436.4% during the first quarter, now owning 756,030 shares worth around $86.3 million, highlighting significant institutional interest in Mohawk Industries.
• The stock has a consensus rating of "Moderate Buy" among analysts, with an average price target of $140.14, reflecting positive market outlook.

MBB Public Markets I LLC acquired a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,688 shares of the company's stock, valued at approximately $307,000.

A number of other large investors also recently bought and sold shares of MHK. Ethic Inc. boosted its holdings in Mohawk Industries by 53.3% during the 4th quarter. Ethic Inc. now owns 4,506 shares of the company's stock valued at $537,000 after acquiring an additional 1,567 shares during the period. Focus Partners Wealth raised its position in Mohawk Industries by 15.0% during the 4th quarter. Focus Partners Wealth now owns 1,867 shares of the company's stock valued at $222,000 after purchasing an additional 244 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in Mohawk Industries during the 4th quarter valued at $799,000. Janus Henderson Group PLC raised its position in Mohawk Industries by 0.5% during 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 in the last quarter. Finally, Lazard Asset Management LLC raised its position in Mohawk Industries by 2,257.0% during the 4th quarter. Lazard Asset Management LLC now owns 18,432 shares of the company's stock valued at $2,194,000 after purchasing an additional 17,650 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company's stock.

Mohawk Industries Stock Down 0.9%

MHK stock traded down $1.29 on Tuesday, hitting $135.80. 66,290 shares of the company's stock were exchanged, compared to its average volume of 798,372. Mohawk Industries, Inc. has a 12-month low of $96.24 and a 12-month high of $164.29. The firm has a 50 day moving average price of $123.93 and a two-hundred day moving average price of $112.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.18 and a current ratio of 2.13. The stock has a market cap of $8.44 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 2.96 and a beta of 1.25.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.15. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the business earned $3.00 EPS. The firm'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. As a group, equities research analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Evercore ISI decreased their target price on Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating for the company in a research report on Monday, July 28th. Robert W. Baird lifted their target price on Mohawk Industries from $130.00 to $142.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. boosted their price target on Mohawk Industries from $139.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Barclays boosted their price target on Mohawk Industries from $111.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Wells Fargo & Company boosted their price target on Mohawk Industries from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $141.93.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, Director Bernard Thiers sold 10,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $128.21, for a total transaction of $1,282,100.00. Following the sale, the director owned 105,532 shares in the company, valued at approximately $13,530,257.72. The trade was a 8.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Rodney David Patton sold 700 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were 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 in the company, valued at approximately $2,279,802.20. The trade was a 3.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,791 shares of company stock worth $4,357,225 in the last 90 days. 17.40% of the stock is owned by company insiders.

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.