Perbak Capital Partners LLP Buys New Position in Mohawk Industries, Inc. $MHK

Key Points

• Perbak Capital Partners LLP has acquired a new position in Mohawk Industries, purchasing 3,090 shares valued at approximately $353,000.
• Several large investors have significantly increased their stakes in Mohawk Industries, with 78.98% of the stock currently held by institutional investors and hedge funds.
• Mohawk Industries reported quarterly earnings of $2.77 per share, exceeding analysts' expectations, and provided guidance for Q3 2025 earnings between 2.560-2.660 EPS.

Perbak Capital Partners LLP 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,090 shares of the company's stock, valued at approximately $353,000.

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

Mohawk Industries Trading Up 2.8%

MHK stock traded up $3.83 during midday trading on Friday, hitting $139.25. The company had a trading volume of 1,347,034 shares, compared to its average volume of 751,168. 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 52 week low of $96.24 and a 52 week high of $164.29. The stock's 50 day moving average price is $120.55 and its 200 day moving average price is $111.98. The stock has a market cap of $8.65 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 3.03 and a beta of 1.25.

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 the consensus estimate of $2.62 by $0.15. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the company posted $3.00 earnings per share. The business's revenue was up .0% on a year-over-year basis. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. As a group, equities research analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on MHK. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $123.00 target price (up previously from $119.00) on shares of Mohawk Industries in a research note on Monday, July 28th. Barclays upped their target price on Mohawk Industries from $111.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Robert W. Baird upped their target price on Mohawk Industries from $130.00 to $142.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Evercore ISI cut their target price on Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating for the company in a research note on Monday, July 28th. Finally, Wells Fargo & Company upped their target price on Mohawk Industries from $105.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 8th. Two 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $140.14.

Insider Buying and Selling

In other Mohawk Industries news, VP Rodney David Patton sold 700 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was 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 owned 17,804 shares in the company, valued at approximately $2,279,802.20. The trade was a 3.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Suzanne L. Helen sold 800 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $132.92, for a total value of $106,336.00. Following the completion of the sale, the insider owned 88,784 shares of the company's stock, valued at $11,801,169.28. The trade was a 0.89% 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. Company insiders own 17.40% of the company's stock.

About Mohawk Industries

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.