Russell Investments Group Ltd. Has $11.45 Million Holdings 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. boosted 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 disclosure with the SEC. The firm owned 100,262 shares of the company's stock after purchasing an additional 16,455 shares during the quarter. Russell Investments Group Ltd. owned 0.16% of Mohawk Industries worth $11,448,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MHK. JPMorgan Chase & Co. lifted its stake in Mohawk Industries by 12.8% in the first quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company's stock valued at $414,017,000 after buying an additional 410,388 shares in the last quarter. Invesco Ltd. lifted its stake in Mohawk Industries by 5.6% in the first quarter. Invesco Ltd. now owns 1,821,951 shares of the company's stock valued at $208,030,000 after buying an additional 96,568 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Mohawk Industries by 4.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,421,965 shares of the company's stock valued at $162,360,000 after buying an additional 55,448 shares in the last quarter. Pzena Investment Management LLC lifted its stake in Mohawk Industries by 2.5% in the first quarter. Pzena Investment Management LLC now owns 1,115,944 shares of the company's stock valued at $127,418,000 after buying an additional 27,676 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Mohawk Industries by 66.2% in the fourth quarter. Millennium Management LLC now owns 898,322 shares of the company's stock valued at $107,017,000 after buying an additional 357,687 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company's stock.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $120.81, for a total value of $1,932,960.00. Following the transaction, the chief executive officer directly owned 33,600 shares in the company, valued at $4,059,216. The trade was a 32.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Suzanne L. Helen sold 2,500 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $120.60, for a total transaction of $301,500.00. Following the completion of the transaction, the insider owned 91,084 shares in the company, valued at approximately $10,984,730.40. This represents a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,700 shares of company stock valued at $3,798,885 in the last ninety days. Company insiders own 17.40% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of Mohawk Industries from $139.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Barclays lifted their price target on shares of Mohawk Industries from $111.00 to $125.00 and gave the company an "equal weight" rating in a research note on Monday, July 28th. Evercore ISI cut their price objective on shares of Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating on the stock in a research report on Monday, July 28th. Robert W. Baird boosted their price objective on shares of Mohawk Industries from $130.00 to $142.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, Wall Street Zen lowered shares of Mohawk Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $140.14.

Mohawk Industries Stock Up 6.8%

MHK traded up $8.4150 during trading on Friday, reaching $132.5850. 277,103 shares of the stock were exchanged, compared to its average volume of 812,785. The stock has a market cap of $8.24 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 2.70 and a beta of 1.28. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $164.29. The stock's 50 day moving average price is $113.61 and its two-hundred day moving average price is $111.07. 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 issued its earnings results on Thursday, July 24th. The company reported $2.77 earnings per share for the quarter, topping analysts' consensus estimates of $2.62 by $0.15. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.76 billion. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.30%. The firm's revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $3.00 earnings per share. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. Equities analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

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.