Apollon Wealth Management LLC Takes Position in Mohawk Industries, Inc. $MHK

Apollon Wealth Management LLC bought a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,182 shares of the company’s stock, valued at approximately $229,000.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of 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. Dimensional Fund Advisors LP lifted its position in shares of Mohawk Industries by 7.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,964,190 shares of the company’s stock valued at $338,444,000 after buying an additional 213,429 shares in the last quarter. Invesco Ltd. grew its stake in Mohawk Industries by 5.6% in the 1st quarter. Invesco Ltd. now owns 1,821,951 shares of the company’s stock valued at $208,030,000 after acquiring an additional 96,568 shares during the period. Ariel Investments LLC increased its holdings in Mohawk Industries by 3.4% in the 1st quarter. Ariel Investments LLC now owns 1,743,574 shares of the company’s stock worth $199,081,000 after acquiring an additional 57,391 shares in the last quarter. Finally, Select Equity Group L.P. increased its holdings in Mohawk Industries by 3.4% in the 1st quarter. Select Equity Group L.P. now owns 1,547,651 shares of the company’s stock worth $176,711,000 after acquiring an additional 50,232 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on MHK shares. 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 report on Monday, July 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mohawk Industries in a research note on Wednesday, October 8th. Wells Fargo & Company lifted their price objective on Mohawk Industries from $120.00 to $140.00 and gave the stock an “equal weight” rating in a report on Thursday, September 11th. JPMorgan Chase & Co. increased their target price on Mohawk Industries from $139.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Finally, Robert W. Baird raised their target price 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 analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Mohawk Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.54.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,500 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $120.60, for a total value of $301,500.00. Following the sale, the insider owned 91,084 shares of the company’s stock, valued at $10,984,730.40. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bernard Thiers sold 10,000 shares of Mohawk Industries stock in a transaction that occurred on 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 completion of the transaction, the director owned 105,532 shares of the company’s stock, valued at $13,530,257.72. This represents a 8.66% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 34,791 shares of company stock worth $4,357,225. 17.40% of the stock is owned by company insiders.

Mohawk Industries Stock Up 0.4%

Shares of NYSE:MHK opened at $127.44 on Friday. Mohawk Industries, Inc. has a 52-week low of $96.24 and a 52-week high of $164.29. The stock has a market cap of $7.92 billion, a P/E ratio of 16.95, a PEG ratio of 3.82 and a beta of 1.29. The business has a fifty day moving average of $129.50 and a two-hundred day moving average of $114.85. 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) last issued its quarterly earnings data on Thursday, July 24th. The company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.15. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.76 billion. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.00 earnings per share. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. On average, research analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share 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.