Mohawk Industries, Inc. $MHK Shares Acquired by Select Equity Group L.P.

Key Points

• Select Equity Group L.P. increased its stake in Mohawk Industries by 3.4% in Q1, owning approximately 2.48% of the company worth $176.7 million.
• Several analysts have raised their target prices for Mohawk Industries, with Barclays setting a new target of $125.00 and JPMorgan Chase increasing it to $140.00.
• Mohawk Industries reported a quarterly EPS of $2.77, exceeding analyst expectations, with revenue for the quarter totaling $2.80 billion.

Select Equity Group L.P. grew its holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,547,651 shares of the company's stock after purchasing an additional 50,232 shares during the period. Select Equity Group L.P. owned approximately 2.48% of Mohawk Industries worth $176,711,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of MHK. Federated Hermes Inc. lifted its stake in shares of Mohawk Industries by 326.3% in the 1st quarter. Federated Hermes Inc. now owns 243 shares of the company's stock valued at $28,000 after purchasing an additional 186 shares during the last quarter. Brooklyn Investment Group lifted its stake in shares of 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 shares of 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 shares of 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 shares of Mohawk Industries in the fourth quarter valued at $92,000. Institutional investors and hedge funds own 78.98% of the company's stock.

Mohawk Industries Stock Performance

NYSE MHK traded down $2.47 during trading on Friday, reaching $137.28. The company's stock had a trading volume of 126,469 shares, compared to its average volume of 800,856. 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 firm has a market cap of $8.53 billion, a price-to-earnings ratio of 18.22, a P/E/G ratio of 2.94 and a beta of 1.25. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $164.29. The business's fifty day moving average price is $122.82 and its 200-day moving average price is $112.63.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.62 by $0.15. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.76 billion. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.30%. Mohawk Industries's quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $3.00 earnings per share. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. As a group, analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the firm'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 completion of the sale, the chief executive officer owned 33,600 shares in the company, valued at approximately $4,059,216. This trade represents a 32.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Suzanne L. Helen sold 721 shares of the company's stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $138.87, for a total transaction of $100,125.27. Following the transaction, the insider directly owned 87,693 shares in the company, valued at approximately $12,177,926.91. This trade represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,591 shares of company stock worth $4,055,407 over the last quarter. Insiders own 17.40% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MHK shares. Evercore ISI dropped their price objective on 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. Royal Bank Of Canada reiterated a "sector perform" rating and set a $123.00 target price (up from $119.00) on shares of Mohawk Industries in a report on Monday, July 28th. Barclays increased 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. Robert W. Baird increased 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. Finally, Wells Fargo & Company increased their price objective on Mohawk Industries from $120.00 to $140.00 and gave the company an "equal weight" rating in a research note on Thursday. 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 company currently has a consensus rating of "Moderate Buy" and an average target price of $141.93.

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.