Mohawk Industries, Inc. $MHK Shares Sold by Tabor Asset Management LP

Tabor Asset Management LP reduced its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 25.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,980 shares of the company’s stock after selling 17,103 shares during the quarter. Mohawk Industries comprises 3.6% of Tabor Asset Management LP’s holdings, making the stock its 10th biggest position. Tabor Asset Management LP owned 0.08% of Mohawk Industries worth $5,345,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in Mohawk Industries by 12.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company’s stock worth $414,017,000 after acquiring an additional 410,388 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Mohawk Industries by 7.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,964,190 shares of the company’s stock worth $338,444,000 after purchasing an additional 213,429 shares during the period. Invesco Ltd. raised its holdings in Mohawk Industries by 5.6% in the first quarter. Invesco Ltd. now owns 1,821,951 shares of the company’s stock worth $208,030,000 after purchasing 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 purchasing an additional 57,391 shares in the last quarter. Finally, Select Equity Group L.P. grew its holdings in shares of 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 valued at $176,711,000 after buying an additional 50,232 shares during the period. Institutional investors own 78.98% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MHK. Raymond James Financial reiterated a “strong-buy” rating and set a $150.00 price objective (up previously from $140.00) on shares of Mohawk Industries in a report on Tuesday, October 21st. Evercore ISI set a $124.00 price target on shares of Mohawk Industries in a research note on Monday, October 27th. Robert W. Baird increased 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. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a report on Friday, October 31st. Finally, Barclays reduced their target price on shares of Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating for the company in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $138.46.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $110.36, for a total value of $99,324.00. Following the completion of the transaction, the insider directly owned 84,128 shares in the company, valued at approximately $9,284,366.08. The trade was a 1.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Rodney David Patton sold 700 shares of Mohawk Industries stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $128.05, for a total transaction of $89,635.00. Following the completion of the transaction, the vice president directly owned 17,804 shares in the company, valued at $2,279,802.20. This trade represents a 3.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 17,656 shares of company stock valued at $2,275,706 in the last quarter. Company insiders own 17.40% of the company’s stock.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $108.56 on Friday. The company has a quick ratio of 1.24, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average price is $126.20 and its two-hundred day moving average price is $116.34. The company has a market cap of $6.71 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $148.57.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $2.67 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.01). The company had revenue of $2.76 billion during 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%. Mohawk Industries’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.90 earnings per share. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

About Mohawk Industries

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.