Candriam S.C.A. Sells 4,772 Shares of Mohawk Industries, Inc. $MHK

Key Points

• Candriam S.C.A. sold 4,772 shares of Mohawk Industries, reducing its stake by 67.2%, now holding 2,328 shares worth approximately $266,000.
• Several analysts have raised their price targets for Mohawk Industries, with Robert W. Baird increasing their target from $130.00 to $142.00, while Barclays raised theirs from $111.00 to $125.00.
• Mohawk Industries reported Q2 earnings of $2.77 per share, exceeding estimates, with revenue at $2.80 billion, indicating a 0.0% increase year-over-year.

Candriam S.C.A. reduced its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 67.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,328 shares of the company's stock after selling 4,772 shares during the quarter. Candriam S.C.A.'s holdings in Mohawk Industries were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. MetLife Investment Management LLC lifted its holdings in Mohawk Industries by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 13,865 shares of the company's stock valued at $1,652,000 after purchasing an additional 245 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Mohawk Industries by 144.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,510 shares of the company's stock valued at $776,000 after buying an additional 3,846 shares in the last quarter. Pinebridge Investments L.P. purchased a new position in Mohawk Industries in the 4th quarter valued at approximately $824,000. Adage Capital Partners GP L.L.C. raised its holdings in Mohawk Industries by 152.8% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 48,970 shares of the company's stock valued at $5,834,000 after acquiring an additional 29,600 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Mohawk Industries by 7.3% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,604 shares of the company's stock valued at $2,096,000 after acquiring an additional 1,194 shares during the period. Hedge funds and other institutional investors own 78.98% of the company's stock.

Wall Street Analyst Weigh In

MHK has been the subject of several recent research reports. Wells Fargo & Company lifted their price target on Mohawk Industries from $105.00 to $115.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. 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 report on Monday, July 28th. Wall Street Zen downgraded shares of Mohawk Industries from a "buy" rating to a "hold" rating in a report on Monday, May 5th. JPMorgan Chase & Co. raised their price objective on shares of Mohawk Industries from $139.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $123.00 price objective (up previously from $119.00) on shares of Mohawk Industries in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Mohawk Industries currently has an average rating of "Moderate Buy" and an average target price of $140.14.

Mohawk Industries Trading Down 0.3%

Shares of NYSE MHK traded down $0.39 during mid-day trading on Friday, hitting $132.10. The stock had a trading volume of 247,680 shares, compared to its average volume of 808,809. Mohawk Industries, Inc. has a 1 year low of $96.24 and a 1 year high of $164.29. The firm has a market cap of $8.21 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 2.88 and a beta of 1.28. 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 business has a 50 day moving average price of $116.87 and a two-hundred day moving average price of $111.49.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings data 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 business had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.76 billion. During the same quarter last year, the business posted $3.00 EPS. The business's revenue 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 analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Insider Activity at Mohawk Industries

In other news, Director Bernard Thiers sold 10,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $128.21, for a total value of $1,282,100.00. Following the completion of the sale, the director directly owned 105,532 shares of the company's stock, valued at approximately $13,530,257.72. This trade represents a 8.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Rodney David Patton sold 700 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $128.05, for a total value of $89,635.00. Following the transaction, the vice president owned 17,804 shares in the company, valued at $2,279,802.20. This trade represents a 3.78% decrease in their position. 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 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.