American Century Companies Inc. Boosts Position in Mohawk Industries, Inc. $MHK

Key Points

• American Century Companies Inc. increased its stake in Mohawk Industries, owning approximately 1.60% of the company after acquiring an additional 43,032 shares, bringing their total to 1,001,850 shares valued at $114.4 million.
• Insider selling was reported with CEO Jeffrey S. Lorberbaum offloading 16,000 shares and insider Suzanne L. Helen selling 2,500 shares, both indicating a decrease in their ownership percentages.
• Mohawk Industries surpassed analysts' EPS estimates for its latest quarter, reporting $2.77 per share, while revenues reached $2.80 billion, up from the previous year.

American Century Companies Inc. grew its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,001,850 shares of the company's stock after buying an additional 43,032 shares during the quarter. American Century Companies Inc. owned 1.60% of Mohawk Industries worth $114,391,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of MHK. Federated Hermes Inc. raised its position in 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 buying an additional 186 shares during the last quarter. Resona Asset Management Co. Ltd. increased its holdings in shares of Mohawk Industries by 40.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company's stock valued at $55,000 after purchasing an additional 139 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Mohawk Industries by 36.2% in the 1st quarter. Allworth Financial LP now owns 595 shares of the company's stock valued at $65,000 after purchasing an additional 158 shares in the last quarter. Mufg Securities Americas Inc. purchased a new position in shares of Mohawk Industries in the 4th quarter valued at about $92,000. Finally, Kapitalo Investimentos Ltda purchased a new position in shares of Mohawk Industries in the 4th quarter valued at about $114,000. Hedge funds and other institutional investors own 78.98% of the company's stock.

Insider Activity at Mohawk Industries

In related news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $120.81, for a total value of $1,932,960.00. Following the sale, the chief executive officer directly owned 33,600 shares of the company's stock, valued at approximately $4,059,216. This trade represents a 32.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bernard Thiers sold 10,000 shares of the firm'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 transaction of $1,282,100.00. Following the completion of the sale, the director directly owned 105,532 shares in the company, valued at $13,530,257.72. This represents a 8.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,700 shares of company stock valued at $3,798,885 over the last three months. Insiders own 17.40% of the company's stock.

Mohawk Industries Trading Up 7.3%

Shares of Mohawk Industries stock traded up $9.0950 during mid-day trading on Friday, hitting $133.2650. 349,835 shares of the stock were exchanged, compared to its average volume of 813,322. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $164.29. The stock has a market capitalization of $8.28 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 2.70 and a beta of 1.28. The company has a 50-day simple moving average of $113.61 and a 200 day simple moving average 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 (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, 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 company had revenue of $2.80 billion for the quarter, compared to analysts' expectations of $2.76 billion. During the same period last year, the company earned $3.00 EPS. The firm'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. Research analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MHK shares. Wells Fargo & Company increased their price target on shares of Mohawk Industries from $105.00 to $115.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Robert W. Baird increased their price target on shares of Mohawk Industries from $130.00 to $142.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Barclays increased their price target on shares of Mohawk Industries from $111.00 to $125.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Wall Street Zen cut shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. increased their price objective 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. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.14.

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.