Clearbridge Investments LLC Reduces Stock Position in Mohawk Industries, Inc. $MHK

Clearbridge Investments LLC lessened its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 270,615 shares of the company’s stock after selling 9,516 shares during the period. Clearbridge Investments LLC’s holdings in Mohawk Industries were worth $29,578,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MHK. Norges Bank bought a new stake in Mohawk Industries during the 4th quarter worth approximately $77,528,000. AQR Capital Management LLC grew its holdings in shares of Mohawk Industries by 73.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock valued at $200,922,000 after purchasing an additional 670,601 shares during the last quarter. Steadfast Capital Management LP grew its holdings in shares of Mohawk Industries by 96.3% during the 3rd quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock valued at $120,837,000 after purchasing an additional 459,700 shares during the last quarter. Candlestick Capital Management LP bought a new position in shares of Mohawk Industries during the 3rd quarter valued at $53,320,000. Finally, Freestone Grove Partners LP purchased a new stake in Mohawk Industries during the 3rd quarter valued at $36,076,000. Institutional investors own 78.98% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Bank of America reissued a “neutral” rating and set a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. reduced their price objective on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Truist Financial reduced their price objective on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Finally, Evercore set a $110.00 price target on shares of Mohawk Industries in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $123.33.

Mohawk Industries Stock Performance

Shares of NYSE MHK opened at $107.17 on Wednesday. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23. The stock has a market cap of $6.53 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 2.52 and a beta of 1.20. The firm has a fifty day moving average price of $102.74 and a 200-day moving average price of $110.87.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (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 business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the prior year, the business posted $1.52 EPS. Mohawk Industries’s revenue for the quarter was up 8.0% compared to the same quarter last year. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Equities analysts anticipate that Mohawk Industries, Inc. will post 8.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 3,000 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $97.80, for a total transaction of $293,400.00. Following the completion of the transaction, the insider owned 53,893 shares in the company, valued at approximately $5,270,735.40. This represents a 5.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total transaction of $527,650.00. Following the transaction, the chief executive officer owned 25,000 shares of the company’s stock, valued at approximately $2,638,250. This represents a 16.67% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 12,844 shares of company stock valued at $1,328,128. 17.90% of the stock is 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.