Russell Investments Group Ltd. Raises Stock Position in Mohawk Industries, Inc. $MHK

Key Points

• Russell Investments Group Ltd. increased its holdings in Mohawk Industries by 19.6% in the first quarter, owning approximately 100,262 shares worth $11.45 million at the end of the period.
• Mohawk Industries reported quarterly earnings of $2.77 per share, surpassing analysts' expectations of $2.62, with revenue of $2.80 billion, exceeding the consensus estimate of $2.76 billion.
• According to analysts, Mohawk Industries has an average rating of "Moderate Buy" with a consensus target price of $140.14, indicating positive sentiment toward the stock's future performance.

Russell Investments Group Ltd. increased its position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 19.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,262 shares of the company's stock after purchasing an additional 16,455 shares during the period. Russell Investments Group Ltd. owned 0.16% of Mohawk Industries worth $11,448,000 at the end of the most recent quarter.

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

Mohawk Industries Trading Down 0.1%

NYSE MHK traded down $0.0650 during mid-day trading on Thursday, reaching $123.9850. 366,814 shares of the stock were exchanged, compared to its average volume of 814,696. Mohawk Industries, Inc. has a 1-year low of $96.24 and a 1-year high of $164.29. The business's fifty day simple moving average is $113.22 and its 200 day simple moving average is $111.03. The stock has a market capitalization of $7.70 billion, a PE ratio of 16.50, a PEG ratio of 2.78 and a beta of 1.28. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.18 and a current ratio of 2.13.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.62 by $0.15. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.76 billion. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.30%. Mohawk Industries's revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business earned $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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MHK has been the subject of a number of research analyst reports. Wells Fargo & Company increased their target price 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. Evercore ISI dropped their target price on shares of Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating for the company in a report on Monday, July 28th. JPMorgan Chase & Co. increased their target price on shares of Mohawk Industries from $139.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Barclays increased their target price 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. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $123.00 price target (up from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Mohawk Industries has an average rating of "Moderate Buy" and an average target price of $140.14.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, Director Bernard Thiers sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $128.21, for a total transaction of $1,282,100.00. Following the transaction, the director owned 105,532 shares of the company's stock, valued at $13,530,257.72. This trade represents a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Rodney David Patton sold 700 shares of the 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 in the company, valued at approximately $2,279,802.20. This represents a 3.78% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,200 shares of company stock worth $3,606,195. Company insiders own 17.40% of the company's stock.

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.