M&T Bank Corp Invests $1.42 Million in Mohawk Industries, Inc. $MHK

Key Points

• M&T Bank Corp opened a new position in Mohawk Industries, buying 12,959 shares worth about $1.42 million, part of institutional investors' 78.98% ownership of the company.
• Mohawk modestly beat Q4 expectations with $2.00 EPS (vs. $1.98 est.) and $2.70 billion in revenue, and set Q1 2026 guidance of 1.75–1.85 EPS.
• Despite the beat, shares were down ~3.4% amid analyst downgrades and target cuts (e.g., Wells Fargo and Barclays) and a negative Zacks "Strong Sell" stance; consensus remains a Hold with an average target of $130.18.

M&T Bank Corp acquired a new position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,959 shares of the company's stock, valued at approximately $1,416,000.

Several other institutional investors have also recently made changes to their positions in the business. Goldman Sachs Group Inc. raised its stake in Mohawk Industries by 14.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company's stock worth $39,369,000 after acquiring an additional 42,655 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Mohawk Industries by 0.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company's stock worth $22,148,000 after acquiring an additional 1,175 shares during the period. Acadian Asset Management LLC bought a new stake in Mohawk Industries during the 1st quarter worth approximately $149,000. Creative Planning raised its stake in Mohawk Industries by 10.2% during the 2nd quarter. Creative Planning now owns 3,730 shares of the company's stock worth $391,000 after acquiring an additional 346 shares during the period. Finally, CW Advisors LLC bought a new stake in Mohawk Industries during the 2nd quarter worth approximately $280,000. Institutional investors own 78.98% of the company's stock.

Mohawk Industries Trading Down 3.4%

Shares of MHK opened at $102.65 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.19 and a quick ratio of 1.21. Mohawk Industries, Inc. has a 1 year low of $94.56 and a 1 year high of $143.13. The company has a 50 day simple moving average of $106.99 and a two-hundred day simple moving average of $113.48. The firm has a market cap of $6.28 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 2.16 and a beta of 1.24.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.02. Mohawk Industries had a net margin of 3.43% and a return on equity of 6.80%. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the firm posted $1.95 EPS. The company's revenue was up 2.4% on a year-over-year basis. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. On average, equities analysts expect that Mohawk Industries, Inc. will post 9.08 earnings per share for the current fiscal year.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $97.80, for a total transaction of $293,400.00. Following the completion of the sale, the insider directly owned 53,893 shares of the company's stock, valued at $5,270,735.40. This trade represents a 5.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 12,000 shares of company stock worth $1,246,336. Company insiders own 17.90% of the company's stock.

Key Stories Impacting Mohawk Industries

Here are the key news stories impacting Mohawk Industries this week:

• Neutral Sentiment: The revisions are modest in magnitude (generally a few cents per quarter / a few tenths per year), so they may not reflect a sudden change in Mohawk's fundamentals but do tighten near-term analyst expectations. Zacks revises estimates (MarketBeat)
• Negative Sentiment: Zacks Research cut multiple quarterly and annual EPS forecasts and left a "Strong Sell" rating in place — examples include Q2 2026 to $2.63 (from $2.65), Q4 2026 to $2.07 (from $2.08), Q2–Q4 2027 and Q1 2028 trims (each down a penny), FY2026 to $9.43 (from $9.46), FY2027 to $10.87 (from $10.91) and FY2028 to $11.90 (from $11.94). The repeated downgrades and the negative rating weigh on near-term sentiment and likely explain intraday selling pressure. Zacks revises estimates (MarketBeat)

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of Mohawk Industries from $125.00 to $105.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 8th. Wall Street Zen cut shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research note on Saturday, April 11th. Barclays decreased their target price on shares of Mohawk Industries from $121.00 to $96.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 8th. UBS Group restated a "neutral" rating and set a $140.00 target price on shares of Mohawk Industries in a research note on Monday, February 16th. Finally, Robert W. Baird restated a "neutral" rating and set a $118.00 target price (down from $156.00) on shares of Mohawk Industries in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Mohawk Industries presently has an average rating of "Hold" and an average target price of $130.18.

About Mohawk Industries

Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.

The company's product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.

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