MBB Public Markets I LLC Buys Shares of 2,688 Mohawk Industries, Inc. $MHK

MBB Public Markets I LLC bought a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 2,688 shares of the company’s stock, valued at approximately $307,000.

Several other hedge funds have also recently added to or reduced their stakes in MHK. Alyeska Investment Group L.P. increased its holdings in Mohawk Industries by 436.4% during the 1st quarter. Alyeska Investment Group L.P. now owns 756,030 shares of the company’s stock valued at $86,324,000 after acquiring an additional 615,095 shares in the last quarter. Sound Shore Management Inc. CT purchased a new position in Mohawk Industries during the 1st quarter valued at about $61,159,000. JPMorgan Chase & Co. increased its holdings in Mohawk Industries by 12.8% during 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 in the last quarter. Millennium Management LLC grew its holdings in shares of Mohawk Industries by 66.2% during the fourth quarter. Millennium Management LLC now owns 898,322 shares of the company’s stock worth $107,017,000 after buying an additional 357,687 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its holdings in shares of Mohawk Industries by 677.6% during the first quarter. Adage Capital Partners GP L.L.C. now owns 380,770 shares of the company’s stock worth $43,476,000 after buying an additional 331,800 shares in the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Mohawk Industries from $139.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Robert W. Baird lifted their price target on shares of Mohawk Industries from $130.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Royal Bank Of Canada reiterated 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. Wells Fargo & Company lifted their price target on shares of Mohawk Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Finally, Evercore ISI lowered their price target on shares of Mohawk Industries from $124.00 to $123.00 and set an “in-line” rating for the company in a report on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $140.14.

Mohawk Industries Trading Down 0.1%

Shares of MHK stock opened at $135.33 on Thursday. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 2.95 and a beta of 1.25. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29. The firm’s 50 day moving average price is $122.24 and its two-hundred day moving average price is $112.47.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, July 24th. The company reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.15. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.30%. Mohawk Industries’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.00 earnings per share. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. On average, analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, 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 transaction, the vice president directly owned 17,804 shares of the company’s stock, valued at $2,279,802.20. The trade was a 3.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bernard Thiers sold 10,000 shares of Mohawk Industries stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $128.21, for a total transaction of $1,282,100.00. Following the transaction, the director directly owned 105,532 shares in the company, valued at approximately $13,530,257.72. This trade represents a 8.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 31,500 shares of company stock valued at $3,905,221. 17.40% of the stock is currently owned by corporate insiders.

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.