Inceptionr LLC bought a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,735 shares of the company’s stock, valued at approximately $466,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS Group AG lifted its stake in Mohawk Industries by 6.1% in the 4th quarter. UBS Group AG now owns 227,068 shares of the company’s stock valued at $24,819,000 after buying an additional 13,090 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Mohawk Industries by 93.3% during the fourth quarter. State of Alaska Department of Revenue now owns 42,941 shares of the company’s stock valued at $4,693,000 after acquiring an additional 20,728 shares during the last quarter. Tejara Capital Ltd acquired a new stake in shares of Mohawk Industries in the fourth quarter worth approximately $2,514,000. Olstein Capital Management L.P. raised its stake in Mohawk Industries by 23.9% in the 4th quarter. Olstein Capital Management L.P. now owns 68,750 shares of the company’s stock valued at $7,514,000 after purchasing an additional 13,250 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in Mohawk Industries by 275.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 61,477 shares of the company’s stock valued at $6,719,000 after purchasing an additional 45,109 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.
Insider Transactions at Mohawk Industries
In other news, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $112.08, for a total transaction of $504,360.00. Following the sale, the chief executive officer owned 20,000 shares of the company’s stock, valued at approximately $2,241,600. This represents a 18.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suzanne L. Helen sold 16,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the completion of the transaction, the insider directly owned 14,132 shares of the company’s stock, valued at approximately $1,596,492.04. The trade was a 54.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 40,186 shares of company stock worth $4,460,321 over the last quarter. Insiders own 17.90% of the company’s stock.
Mohawk Industries Stock Performance
Mohawk Industries (NYSE:MHK – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Equities research analysts forecast that Mohawk Industries, Inc. will post 8.67 EPS for the current year.
Wall Street Analyst Weigh In
MHK has been the subject of a number of research reports. Wells Fargo & Company dropped their target price on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Barclays increased their price objective on shares of Mohawk Industries from $96.00 to $109.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Bank of America restated a “neutral” rating and issued a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. Wall Street Zen raised Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Finally, Truist Financial reduced their price target on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $124.42.
Check Out Our Latest Stock Analysis on MHK
About Mohawk Industries
Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.
The company’s product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.
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