Woodline Partners LP Acquires Shares of 156,592 Mohawk Industries, Inc. $MHK

Key Points

• Woodline Partners LP acquired 156,592 shares of Mohawk Industries, Inc., valued at approximately $17.88 million, increasing its ownership to 0.25% as of the latest SEC filing.
• Several other institutional investors have also increased their stakes in Mohawk Industries in Q1, with 78.98% of the stock currently owned by institutional investors and hedge funds.
• Analysts have given Mohawk Industries an average rating of "Moderate Buy" with a consensus target price of $140.14, following various price revisions and ratings updates from major financial institutions.

Woodline Partners LP acquired a new stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 156,592 shares of the company's stock, valued at approximately $17,880,000. Woodline Partners LP owned 0.25% of Mohawk Industries as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Citadel Investment Advisory Inc. grew its stake in shares of Mohawk Industries by 0.8% during the 1st 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 during the period. Janus Henderson Group PLC grew its stake in shares of Mohawk Industries by 0.5% during the 4th quarter. Janus Henderson Group PLC now owns 25,659 shares of the company's stock worth $3,054,000 after purchasing an additional 120 shares during the period. M&T Bank Corp grew its stake in shares of Mohawk Industries by 3.8% during the 1st quarter. M&T Bank Corp now owns 3,315 shares of the company's stock worth $378,000 after purchasing an additional 122 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of Mohawk Industries by 3.2% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 4,006 shares of the company's stock worth $457,000 after purchasing an additional 126 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in shares of Mohawk Industries by 4.7% during the 1st quarter. Venturi Wealth Management LLC now owns 2,899 shares of the company's stock worth $331,000 after purchasing an additional 131 shares during the period. 78.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $123.00 price target (up from $119.00) on shares of Mohawk Industries in a research note on Monday, July 28th. Barclays increased their price objective 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. Wells Fargo & Company increased their price objective on shares of Mohawk Industries from $105.00 to $115.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Evercore ISI lowered 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 note on Monday, July 28th. Finally, JPMorgan Chase & Co. increased their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $140.14.

Insider Activity

In other news, VP Rodney David Patton sold 700 shares of the stock in a transaction dated Tuesday, August 19th. The shares were 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 $2,279,802.20. This represents a 3.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Bernard Thiers sold 10,000 shares of the stock in a transaction dated Tuesday, August 19th. The stock was 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 in the company, valued at approximately $13,530,257.72. The trade was a 8.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,500 shares of company stock valued at $3,905,221 in the last 90 days. Company insiders own 17.40% of the company's stock.

Mohawk Industries Price Performance

NYSE:MHK opened at $135.33 on Thursday. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 2.95 and a beta of 1.25. The company has a current ratio of 2.13, a quick ratio of 1.18 and a debt-to-equity ratio of 0.21. The company's 50-day moving average is $122.24 and its two-hundred day moving average is $112.47. Mohawk Industries, Inc. has a 12-month low of $96.24 and a 12-month high of $164.29.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its earnings results 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. The company 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%. The firm's quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.00 EPS. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. Research analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

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.

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