Pzena Investment Management LLC Acquires 59,831 Shares of Mohawk Industries, Inc. $MHK

Key Points

• Pzena Investment Management LLC increased its stake in Mohawk Industries by 5.4%, acquiring 59,831 shares, bringing its total holdings to 1,175,775 shares valued at approximately $123.27 million.
• Mohawk Industries reported $2.80 billion in revenue for the last quarter, exceeding analyst expectations, with earnings per share of $2.77 which beat predictions by $0.15.
• Analysts have raised their target prices for Mohawk Industries, with Robert W. Baird setting the new target at $142.00 and maintaining an "outperform" rating.

Pzena Investment Management LLC grew its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,175,775 shares of the company's stock after acquiring an additional 59,831 shares during the quarter. Pzena Investment Management LLC owned about 1.88% of Mohawk Industries worth $123,268,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. CWM LLC boosted its position in shares of Mohawk Industries by 182.2% during the 2nd quarter. CWM LLC now owns 15,523 shares of the company's stock valued at $1,627,000 after acquiring an additional 10,022 shares during the last quarter. Apollon Wealth Management LLC bought a new stake in shares of Mohawk Industries during the 2nd quarter valued at about $229,000. Vontobel Holding Ltd. boosted its position in shares of Mohawk Industries by 9.4% during the 2nd quarter. Vontobel Holding Ltd. now owns 3,898 shares of the company's stock valued at $409,000 after acquiring an additional 334 shares during the last quarter. KLP Kapitalforvaltning AS boosted its position in shares of Mohawk Industries by 5.7% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 11,100 shares of the company's stock valued at $1,164,000 after acquiring an additional 600 shares during the last quarter. Finally, Autumn Glory Partners LLC bought a new stake in shares of Mohawk Industries during the 2nd quarter valued at about $265,000. Institutional investors own 78.98% of the company's stock.

Mohawk Industries Price Performance

Shares of Mohawk Industries stock opened at $117.52 on Monday. 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 business's 50 day simple moving average is $129.01 and its two-hundred day simple moving average is $114.48. The stock has a market capitalization of $7.30 billion, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 3.53 and a beta of 1.29. Mohawk Industries, Inc. has a one year low of $96.24 and a one year high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $2.77 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $2.76 billion. During the same period in the previous year, the firm earned $3.00 earnings per share. The business's revenue was up .0% compared to the same quarter last year. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. Analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insiders Place Their Bets

In other 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 transaction of $89,635.00. Following the transaction, the vice president directly owned 17,804 shares of the company's stock, valued at approximately $2,279,802.20. The trade was a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bernard Thiers sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $128.21, for a total value of $1,282,100.00. Following the transaction, the director directly owned 105,532 shares in the company, valued at $13,530,257.72. This trade 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 34,791 shares of company stock valued at $4,357,225 over the last three months. 17.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Robert W. Baird boosted their target price on Mohawk Industries from $130.00 to $142.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Barclays boosted their target price on Mohawk Industries from $111.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. boosted their target price on Mohawk Industries from $139.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Weiss Ratings restated a "hold (c)" rating on shares of Mohawk Industries in a research report on Wednesday, October 8th. Finally, Evercore ISI dropped their target price 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. Two research 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. According to data from MarketBeat.com, Mohawk Industries currently has a consensus rating of "Moderate Buy" and a consensus price target of $140.54.

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.

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