Brighton Jones LLC Invests $323,000 in Mohawk Industries, Inc. $MHK

Brighton Jones LLC acquired a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,083 shares of the company’s stock, valued at approximately $323,000.

Several other large investors have also bought and sold shares of MHK. Federated Hermes Inc. grew its holdings in shares of Mohawk Industries by 326.3% during the first quarter. Federated Hermes Inc. now owns 243 shares of the company’s stock valued at $28,000 after buying an additional 186 shares during the last quarter. Brooklyn Investment Group lifted its position in Mohawk Industries by 2,506.3% in the 1st quarter. Brooklyn Investment Group now owns 417 shares of the company’s stock valued at $48,000 after acquiring an additional 401 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its stake in Mohawk Industries by 40.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company’s stock valued at $55,000 after purchasing an additional 139 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Mohawk Industries by 36.2% in the 1st quarter. Allworth Financial LP now owns 595 shares of the company’s stock worth $65,000 after purchasing an additional 158 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of Mohawk Industries in the first quarter worth $149,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Bernard Thiers sold 10,000 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $128.21, for a total value of $1,282,100.00. Following the completion of the sale, the director directly owned 105,532 shares of the company’s stock, valued at $13,530,257.72. This represents a 8.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Suzanne L. Helen sold 2,200 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $137.19, for a total transaction of $301,818.00. Following the sale, the insider owned 85,493 shares in the company, valued at $11,728,784.67. The trade was a 2.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 16,291 shares of company stock worth $2,122,765. Company insiders own 17.40% of the company’s stock.

Mohawk Industries Trading Down 1.7%

NYSE:MHK opened at $115.54 on Friday. Mohawk Industries, Inc. has a one year low of $96.24 and a one year high of $148.57. The business has a fifty day moving average price of $128.86 and a 200-day moving average price of $116.01. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 2.38 and a beta of 1.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 1.24.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, October 23rd. The company reported $2.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.01). The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.73 billion. Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.90 EPS. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. Sell-side analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on MHK. Robert W. Baird increased their price objective on Mohawk Industries from $130.00 to $142.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mohawk Industries in a report on Wednesday, October 8th. 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 note on Monday, July 28th. Wells Fargo & Company restated a “neutral” rating and set a $130.00 price objective on shares of Mohawk Industries in a research report on Monday. Finally, Vertical Research initiated coverage on shares of Mohawk Industries in a report on Monday, October 20th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $138.46.

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.