Strs Ohio Buys Shares of 140,192 Mohawk Industries, Inc. $MHK

Key Points

• Strs Ohio acquired 140,192 shares of Mohawk Industries, Inc. valued at approximately $16 million, representing 0.22% of the company's total shares.
• Several institutional investors, including JPMorgan Chase & Co., increased their stakes in Mohawk Industries significantly during the first quarter, with 78.98% of the stock now owned by institutional investors.
• The stock currently has a consensus rating of "Moderate Buy" with a target price of approximately $141.93, reflecting positive outlooks from multiple analysts.

Strs Ohio bought a new stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 140,192 shares of the company's stock, valued at approximately $16,007,000. Strs Ohio owned 0.22% of Mohawk Industries at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew 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 acquiring an additional 410,388 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Mohawk Industries by 7.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,964,190 shares of the company's stock worth $338,444,000 after buying an additional 213,429 shares during the period. Invesco Ltd. boosted its position in shares of Mohawk Industries by 5.6% during the first quarter. Invesco Ltd. now owns 1,821,951 shares of the company's stock worth $208,030,000 after buying an additional 96,568 shares during the period. Ariel Investments LLC boosted its position in shares of Mohawk Industries by 3.4% during the first quarter. Ariel Investments LLC now owns 1,743,574 shares of the company's stock worth $199,081,000 after buying an additional 57,391 shares during the period. Finally, Select Equity Group L.P. boosted its position in shares of Mohawk Industries by 3.4% during the first quarter. Select Equity Group L.P. now owns 1,547,651 shares of the company's stock worth $176,711,000 after buying an additional 50,232 shares during the period. 78.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Barclays upped their price objective 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. Evercore ISI reduced their price objective 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. JPMorgan Chase & Co. upped their price objective on Mohawk Industries from $139.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $123.00 price objective (up from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. Finally, Robert W. Baird increased their price target on Mohawk Industries from $130.00 to $142.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Two investment 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.93.

Mohawk Industries Stock Performance

MHK opened at $136.32 on Friday. Mohawk Industries, Inc. has a 12-month low of $96.24 and a 12-month high of $164.29. The stock has a market cap of $8.47 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 3.04 and a beta of 1.25. The business has a 50 day moving average of $123.33 and a 200-day moving average of $112.76. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 0.21.

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

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 721 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $138.87, for a total value of $100,125.27. Following the completion of the sale, the insider directly owned 87,693 shares of the company's stock, valued at $12,177,926.91. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 33,600 shares of the company's stock, valued at approximately $4,059,216. The trade was a 32.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 32,591 shares of company stock valued at $4,055,407. Corporate insiders own 17.40% of the company's stock.

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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