Gotham Asset Management LLC lifted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 85.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 111,053 shares of the company's stock after acquiring an additional 51,217 shares during the period. Gotham Asset Management LLC owned 0.18% of Mohawk Industries worth $12,680,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Mohawk Industries by 13.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,915 shares of the company's stock worth $787,000 after acquiring an additional 831 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Mohawk Industries by 78.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,574 shares of the company's stock worth $408,000 after acquiring an additional 1,566 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Mohawk Industries by 12.8% during the 1st 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 during the period. Truist Financial Corp increased its position in shares of Mohawk Industries by 7.9% during the 1st quarter. Truist Financial Corp now owns 403,936 shares of the company's stock worth $46,121,000 after purchasing an additional 29,480 shares during the last quarter. Finally, QSM Asset Management Ltd increased its position in shares of Mohawk Industries by 25.0% during the 1st quarter. QSM Asset Management Ltd now owns 63,566 shares of the company's stock worth $7,160,000 after purchasing an additional 12,700 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Robert W. Baird raised their price objective on Mohawk Industries from $130.00 to $142.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Wells Fargo & Company raised their price objective on Mohawk Industries from $120.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Thursday. Evercore ISI cut their price objective 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. JPMorgan Chase & Co. raised their price objective on Mohawk Industries from $139.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $123.00 target price (up from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $141.93.
Check Out Our Latest Stock Report on Mohawk Industries
Insider Buying and Selling
In other news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 33,600 shares of the company's stock, valued at approximately $4,059,216. The trade was a 32.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bernard Thiers sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $128.21, for a total value of $1,282,100.00. Following the sale, the director owned 105,532 shares of the company's stock, valued at approximately $13,530,257.72. The trade was a 8.66% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,591 shares of company stock valued at $4,055,407. Corporate insiders own 17.40% of the company's stock.
Mohawk Industries Trading Down 2.1%
NYSE MHK traded down $2.91 during trading on Friday, hitting $136.84. The stock had a trading volume of 105,396 shares, compared to its average volume of 800,645. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $164.29. The company has a market capitalization of $8.50 billion, a PE ratio of 18.18, a PEG ratio of 2.94 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. The firm has a 50 day moving average price of $122.82 and a 200 day moving average price of $112.63.
Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.77 EPS for the quarter, topping 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 the consensus estimate of $2.76 billion. During the same period in the previous year, the company posted $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. As a group, equities research analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.
Mohawk Industries Profile
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Free Report)
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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