Bank of Montreal Can Sells 8,070 Shares of Mohawk Industries, Inc. $MHK

Bank of Montreal Can cut its position in Mohawk Industries, Inc. (NYSE:MHK) by 21.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,563 shares of the company’s stock after selling 8,070 shares during the period. Bank of Montreal Can’s holdings in Mohawk Industries were worth $3,099,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. grew its stake in Mohawk Industries by 326.3% in the first quarter. Federated Hermes Inc. now owns 243 shares of the company’s stock valued at $28,000 after acquiring an additional 186 shares during the period. Brooklyn Investment Group grew 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 purchasing an additional 401 shares during the period. Resona Asset Management Co. Ltd. grew its position in Mohawk Industries by 40.6% in 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 period. Allworth Financial LP increased its stake in Mohawk Industries by 36.2% during the 1st quarter. Allworth Financial LP now owns 595 shares of the company’s stock valued at $65,000 after purchasing an additional 158 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Mohawk Industries during the first quarter worth $149,000. 78.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mohawk Industries news, Director Bernard Thiers sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $128.21, for a total value of $1,282,100.00. Following the sale, the director directly owned 105,532 shares in the company, valued at $13,530,257.72. The trade was a 8.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Rodney David Patton sold 700 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $128.05, for a total value of $89,635.00. Following the transaction, the vice president owned 17,804 shares of the company’s stock, valued at $2,279,802.20. The trade was a 3.78% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 18,906 shares of company stock valued at $2,409,994. 17.40% of the stock is owned by company insiders.

Mohawk Industries Price Performance

Shares of NYSE:MHK opened at $108.70 on Wednesday. The company has a market capitalization of $6.72 billion, a P/E ratio of 16.18, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31. The company’s 50-day moving average is $125.26 and its 200 day moving average is $116.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 2.25. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $146.93.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on MHK shares. Raymond James Financial reiterated a “strong-buy” rating and set a $150.00 price objective (up from $140.00) on shares of Mohawk Industries in a report on Tuesday, October 21st. Vertical Research began coverage on Mohawk Industries in a research note on Monday, October 20th. They set a “buy” rating for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday, October 31st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $123.00 target price (up previously from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. Finally, Wells Fargo & Company reissued a “neutral” rating and issued a $130.00 price target on shares of Mohawk Industries in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Mohawk Industries has an average rating of “Moderate Buy” and an average price target 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.