LSV Asset Management Sells 3,600 Shares of Mohawk Industries, Inc. $MHK

LSV Asset Management reduced its position in Mohawk Industries, Inc. (NYSE:MHK) by 2.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 121,800 shares of the company’s stock after selling 3,600 shares during the period. LSV Asset Management’s holdings in Mohawk Industries were worth $12,770,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in Mohawk Industries by 12.8% in the 1st quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company’s stock valued at $414,017,000 after acquiring an additional 410,388 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Mohawk Industries in the second quarter valued at $337,000. Charles Schwab Investment Management Inc. raised its position in shares of Mohawk Industries by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 540,197 shares of the company’s stock valued at $61,680,000 after purchasing an additional 5,939 shares during the period. Royal Bank of Canada lifted its stake in shares of Mohawk Industries by 34.3% during the 1st quarter. Royal Bank of Canada now owns 91,119 shares of the company’s stock worth $10,404,000 after buying an additional 23,252 shares during the last quarter. Finally, Inspire Investing LLC acquired a new stake in shares of Mohawk Industries during the 1st quarter worth about $312,000. Institutional investors own 78.98% of the company’s stock.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 2,200 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 85,493 shares of the company’s stock, valued at approximately $11,728,784.67. This represents a 2.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 7,206 shares of company stock valued at $900,089. 17.40% of the stock is currently owned by insiders.

Mohawk Industries Trading Up 0.4%

Shares of MHK stock opened at $104.53 on Thursday. The stock has a market cap of $6.46 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31. Mohawk Industries, Inc. has a 1 year low of $96.24 and a 1 year high of $146.93. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $121.69 and a 200 day simple moving average of $116.44.

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

Analyst Ratings Changes

A number of brokerages recently commented on MHK. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday, October 31st. Robert W. Baird increased their target price on Mohawk Industries from $130.00 to $142.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Royal Bank Of Canada reissued a “sector perform” rating and set a $123.00 price target (up from $119.00) on shares of Mohawk Industries in a report on Monday, July 28th. JPMorgan Chase & Co. upped their price objective on Mohawk Industries from $139.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Finally, Barclays lowered their price objective on Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating on the stock in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

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.