Mohawk Industries, Inc. $MHK Shares Sold by Van Lanschot Kempen Investment Management N.V.

Key Points

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Van Lanschot Kempen Investment Management N.V. cut its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 11.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 172,528 shares of the company's stock after selling 22,421 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned about 0.28% of Mohawk Industries worth $19,699,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Federated Hermes Inc. grew its holdings in shares of Mohawk Industries by 326.3% during the 1st quarter. Federated Hermes Inc. now owns 243 shares of the company's stock worth $28,000 after purchasing an additional 186 shares during the period. Brooklyn Investment Group grew its holdings in shares of Mohawk Industries by 2,506.3% during the 1st quarter. Brooklyn Investment Group now owns 417 shares of the company's stock worth $48,000 after purchasing an additional 401 shares during the period. Resona Asset Management Co. Ltd. grew its holdings in shares of Mohawk Industries by 40.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company's stock worth $55,000 after purchasing an additional 139 shares during the period. Allworth Financial LP grew its holdings in shares of Mohawk Industries by 36.2% during the 1st quarter. Allworth Financial LP now owns 595 shares of the company's stock worth $65,000 after purchasing an additional 158 shares during the period. Finally, Mufg Securities Americas Inc. purchased a new position in shares of Mohawk Industries during the 4th quarter worth $92,000. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Mohawk Industries Stock Up 7.3%

MHK stock traded up $9.0040 during mid-day trading on Friday, reaching $133.1740. The company had a trading volume of 1,064,183 shares, compared to its average volume of 922,062. 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 company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 2.90 and a beta of 1.28. The firm has a fifty day simple moving average of $114.25 and a 200 day simple moving average of $111.02. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The company reported $2.77 earnings per share (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 return on equity of 7.30% and a net margin of 4.44%.Mohawk Industries's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company earned $3.00 EPS. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. Analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Barclays increased their price target on Mohawk Industries from $111.00 to $125.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Wells Fargo & Company raised their target price on Mohawk Industries from $105.00 to $115.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. raised their target price on Mohawk Industries from $139.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Wall Street Zen cut Mohawk Industries from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, Robert W. Baird raised 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. 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 company. Based on data from MarketBeat.com, Mohawk Industries presently has an average rating of "Moderate Buy" and a consensus price target of $140.14.

Insider Buying and Selling

In other Mohawk Industries news, Director Bernard Thiers sold 10,000 shares of the stock in a transaction dated 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 $13,530,257.72. This trade represents a 8.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Rodney David Patton sold 700 shares of the 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 completion of the sale, the vice president directly owned 17,804 shares in the company, valued at $2,279,802.20. This represents a 3.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,700 shares of company stock worth $3,798,885 over the last 90 days. 17.40% of the stock is currently owned by company insiders.

Mohawk Industries Company 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.