Campbell & CO Investment Adviser LLC Invests $780,000 in Mohawk Industries, Inc. $MHK

Campbell & CO Investment Adviser LLC bought a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the second quarter, HoldingsChannel.com reports. The firm bought 7,443 shares of the company’s stock, valued at approximately $780,000.

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

Wall Street Analyst Weigh In

MHK has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their target price on shares of Mohawk Industries from $139.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Raymond James Financial restated 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. Vertical Research assumed coverage on Mohawk Industries in a research note on Monday, October 20th. They issued a “buy” rating for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mohawk Industries in a research report on Friday, October 31st. Finally, Robert W. Baird lifted their price target on Mohawk Industries from $130.00 to $142.00 and gave the company an “outperform” rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $138.46.

Insider Activity

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,200 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $137.19, for a total value of $301,818.00. Following the transaction, the insider owned 85,493 shares in the company, valued at $11,728,784.67. The trade was a 2.51% decrease in their position. 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 company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,279,802.20. The trade was a 3.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 18,906 shares of company stock worth $2,409,994. 17.40% of the stock is currently owned by company insiders.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $108.04 on Friday. 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, Inc. has a 1-year low of $96.24 and a 1-year high of $146.93. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 2.38 and a beta of 1.31. The business has a 50-day moving average of $124.30 and a 200-day moving average of $116.40.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, October 23rd. The company reported $2.67 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 analyst estimates of $2.73 billion. Mohawk Industries had a return on equity of 6.97% and a net margin of 3.93%.The business’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $2.90 earnings per share. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, equities analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Mohawk Industries Company 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.