Van Lanschot Kempen Investment Management N.V. Sells 22,421 Shares of Mohawk Industries, Inc. $MHK

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% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,528 shares of the company's stock after selling 22,421 shares during the period. Van Lanschot Kempen Investment Management N.V. owned about 0.28% of Mohawk Industries worth $19,699,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Mohawk Industries by 12.8% during the first quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company's stock worth $414,017,000 after purchasing an additional 410,388 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Mohawk Industries by 7.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,964,190 shares of the company's stock valued at $338,444,000 after purchasing an additional 213,429 shares in the last quarter. Invesco Ltd. boosted its stake in Mohawk Industries by 5.6% during the 1st quarter. Invesco Ltd. now owns 1,821,951 shares of the company's stock valued at $208,030,000 after acquiring an additional 96,568 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Mohawk Industries by 4.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,421,965 shares of the company's stock worth $162,360,000 after purchasing an additional 55,448 shares during the last quarter. Finally, Pzena Investment Management LLC increased its position in shares of Mohawk Industries by 2.5% in the 1st quarter. Pzena Investment Management LLC now owns 1,115,944 shares of the company's stock worth $127,418,000 after purchasing an additional 27,676 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on MHK shares. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $123.00 target price (up previously from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. Evercore ISI reduced their price target 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. Wall Street Zen lowered shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Barclays raised their target price on Mohawk Industries from $111.00 to $125.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. 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 research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $140.14.

Insider Transactions at Mohawk Industries

In other news, VP Rodney David Patton sold 700 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $128.05, for a total transaction of $89,635.00. Following the completion of the transaction, the vice president directly owned 17,804 shares of the company's stock, valued at $2,279,802.20. This represents a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suzanne L. Helen sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $128.46, for a total value of $192,690.00. Following the transaction, the insider directly owned 89,584 shares of the company's stock, valued at $11,507,960.64. This trade represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,700 shares of company stock worth $3,798,885. Insiders own 17.40% of the company's stock.

Mohawk Industries Price Performance

Shares of Mohawk Industries stock traded up $9.0040 during trading on Friday, reaching $133.1740. The company's stock had a trading volume of 1,064,183 shares, compared to its average volume of 817,706. The stock has a 50-day moving average price of $113.61 and a two-hundred day moving average price of $111.07. The company has a current ratio of 2.13, a quick ratio of 1.18 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a one year low of $96.24 and a one year high of $164.29. The stock has a market capitalization of $8.27 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 2.70 and a beta of 1.28.

Mohawk Industries (NYSE:MHK - Get Free Report) last released 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 business had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.76 billion. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.The firm's revenue for the quarter was up .0% compared to the same quarter last year. 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, sell-side analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

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.