Profund Advisors LLC Takes $584,000 Position in Mohawk Industries, Inc. $MHK

Profund Advisors LLC acquired a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,339 shares of the company’s stock, valued at approximately $584,000.

Other hedge funds have also made changes to their positions in the company. Root Financial Partners LLC acquired a new position in shares of Mohawk Industries during the 3rd quarter valued at about $25,000. Bayforest Capital Ltd acquired a new position in shares of Mohawk Industries during the 4th quarter valued at about $27,000. Salomon & Ludwin LLC acquired a new position in shares of Mohawk Industries during the 4th quarter valued at about $43,000. Danske Bank A S acquired a new position in shares of Mohawk Industries during the 3rd quarter valued at about $52,000. Finally, Advisory Services Network LLC acquired a new position in shares of Mohawk Industries during the 3rd quarter valued at about $64,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Price Performance

Shares of MHK stock opened at $102.55 on Friday. The stock has a 50 day moving average of $101.73 and a two-hundred day moving average of $111.08. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a 12 month low of $92.99 and a 12 month high of $143.13. The company has a market capitalization of $6.25 billion, a P/E ratio of 15.37, a P/E/G ratio of 2.51 and a beta of 1.20.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter last year, the company earned $1.52 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. As a group, equities analysts expect that Mohawk Industries, Inc. will post 8.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MHK shares. Deutsche Bank Aktiengesellschaft set a $109.00 price objective on Mohawk Industries in a report on Tuesday, May 5th. Weiss Ratings lowered Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Wells Fargo & Company lowered their target price on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Bank of America reaffirmed a “neutral” rating and issued a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. Finally, Royal Bank Of Canada raised their target price on Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $123.33.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $97.80, for a total value of $293,400.00. Following the completion of the sale, the insider owned 53,893 shares in the company, valued at approximately $5,270,735.40. This trade represents a 5.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 12,000 shares of company stock valued at $1,246,336. 17.90% of the stock is currently owned by company insiders.

Mohawk Industries Profile

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.