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. lowered its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 67.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MetLife Investment Management LLC grew its position in Mohawk Industries by 1.8% in 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 in the last quarter. Tower Research Capital LLC TRC boosted 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 worth $776,000 after buying an additional 3,846 shares during the last quarter. Pinebridge Investments L.P. bought a new position in shares of Mohawk Industries in the 4th quarter valued at about $824,000. Adage Capital Partners GP L.L.C. increased its position in shares of Mohawk Industries by 152.8% in the fourth 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 last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Mohawk Industries by 7.3% during the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 17,604 shares of the company's stock worth $2,096,000 after acquiring an additional 1,194 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 800 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $132.92, for a total value of $106,336.00. Following the completion of the sale, the insider owned 88,784 shares of the company's stock, valued at approximately $11,801,169.28. The trade was a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bernard Thiers sold 10,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $128.21, for a total transaction of $1,282,100.00. Following the completion of the transaction, the director owned 105,532 shares in the company, valued at $13,530,257.72. This trade represents a 8.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,500 shares of company stock valued at $3,905,221. Company insiders own 17.40% of the company's stock.

Mohawk Industries Stock Performance

MHK traded up $0.41 on Friday, reaching $132.89. The company had a trading volume of 570,693 shares, compared to its average volume of 819,755. The stock has a market cap of $8.26 billion, a P/E ratio of 17.67, a P/E/G ratio of 2.89 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. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29. The company's fifty day moving average is $117.53 and its 200 day moving average is $111.54.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wall Street Zen downgraded Mohawk Industries from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. raised their target price on shares of Mohawk Industries from $139.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Barclays upped their price target on shares of Mohawk Industries from $111.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Wells Fargo & Company lifted their price objective on shares of Mohawk Industries from $105.00 to $115.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Finally, Evercore ISI lowered their price objective on shares of Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating on the stock in a research note on Monday, July 28th. Two 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 company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.14.

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.