130,725 Shares in Mohawk Industries, Inc. $MHK Acquired by Nuveen LLC

Key Points

• Nuveen LLC has made a new investment of approximately $14.93 million in Mohawk Industries, acquiring 130,725 shares during the first quarter.
• Mohawk Industries reported earnings of $2.77 per share for the most recent quarter, exceeding analysts' expectations of $2.62, while net revenue reached $2.80 billion.
• Analysts have mixed ratings for Mohawk Industries, with a current average rating of "Moderate Buy" and a price target averaging $140.14.

Nuveen LLC acquired a new position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 130,725 shares of the company's stock, valued at approximately $14,926,000. Nuveen LLC owned approximately 0.21% of Mohawk Industries as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Citadel Investment Advisory Inc. increased its stake in shares of Mohawk Industries by 0.8% in the first quarter. Citadel Investment Advisory Inc. now owns 12,848 shares of the company's stock worth $1,467,000 after acquiring an additional 100 shares during the period. Janus Henderson Group PLC increased its stake in shares of Mohawk Industries by 0.5% in the fourth quarter. Janus Henderson Group PLC now owns 25,659 shares of the company's stock worth $3,054,000 after acquiring an additional 120 shares during the period. M&T Bank Corp increased its stake in shares of Mohawk Industries by 3.8% in the first quarter. M&T Bank Corp now owns 3,315 shares of the company's stock worth $378,000 after acquiring an additional 122 shares during the period. Teachers Retirement System of The State of Kentucky boosted its holdings in Mohawk Industries by 3.2% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,006 shares of the company's stock worth $457,000 after buying an additional 126 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Mohawk Industries by 4.7% during the first quarter. Venturi Wealth Management LLC now owns 2,899 shares of the company's stock worth $331,000 after buying an additional 131 shares in the last quarter. Institutional investors own 78.98% of the company's stock.

Insider Buying and Selling at Mohawk Industries

In related news, VP Rodney David Patton sold 700 shares of Mohawk Industries stock in a transaction that occurred on 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 transaction, the vice president owned 17,804 shares in the company, valued at $2,279,802.20. The trade was a 3.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bernard Thiers sold 10,000 shares of Mohawk Industries 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 transaction, the director owned 105,532 shares of the company's stock, valued at $13,530,257.72. This represents a 8.66% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,500 shares of company stock worth $3,905,221. 17.40% of the stock is currently owned by company insiders.

Mohawk Industries Stock Down 0.5%

Shares of MHK stock traded down $0.70 during trading on Tuesday, reaching $131.36. The company's stock had a trading volume of 635,440 shares, compared to its average volume of 883,429. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.13 and a quick ratio of 1.18. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 2.87 and a beta of 1.28. The stock's 50-day moving average price is $115.49 and its 200 day moving average price is $111.24. Mohawk Industries, Inc. has a 1-year low of $96.24 and a 1-year high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.77 earnings per share for the quarter, beating analysts' consensus estimates of $2.62 by $0.15. The firm had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.76 billion. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.30%. The business's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter 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. On average, research analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Wall Street Analysts Forecast Growth

MHK has been the topic of several research reports. Royal Bank Of Canada reissued a "sector perform" rating and issued a $123.00 price target (up from $119.00) on shares of Mohawk Industries in a research note on Monday, July 28th. Robert W. Baird raised their price target on shares of Mohawk Industries from $130.00 to $142.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. lifted their target price on shares of Mohawk Industries from $139.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Wall Street Zen downgraded shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Evercore ISI dropped their price target on shares of 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. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.14.

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.