Mohawk Industries, Inc. $MHK Shares Sold by Candriam S.C.A.

Candriam S.C.A. lowered its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 44.2% in the first quarter, HoldingsChannel reports. The firm owned 71,589 shares of the company’s stock after selling 56,811 shares during the quarter. Candriam S.C.A.’s holdings in Mohawk Industries were worth $7,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Bayforest Capital Ltd acquired a new position in shares of Mohawk Industries during the fourth quarter valued at $27,000. Global Retirement Partners LLC boosted its stake in Mohawk Industries by 950.0% during the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after purchasing an additional 228 shares during the period. Transamerica Financial Advisors LLC boosted its stake in Mohawk Industries by 216.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock valued at $30,000 after purchasing an additional 188 shares during the period. SJS Investment Consulting Inc. grew its position in Mohawk Industries by 105.7% in the 1st quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock worth $32,000 after purchasing an additional 166 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Mohawk Industries in the fourth quarter valued at approximately $43,000. 78.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Mohawk Industries news, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the firm’s stock in a transaction dated 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 directly owned 25,000 shares in the company, valued at $2,638,250. This trade represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Suzanne L. Helen sold 16,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total value of $1,875,302.00. Following the completion of the transaction, the insider directly owned 14,132 shares in the company, valued at $1,596,492.04. The trade was a 54.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 40,186 shares of company stock worth $4,460,321 over the last ninety days. 17.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Zacks Research upgraded Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. 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 research report on Wednesday, April 8th. Wall Street Zen raised Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Barclays reduced their price target on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft set a $109.00 price target on Mohawk Industries in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $123.33.

Mohawk Industries Trading Down 2.2%

Shares of NYSE MHK opened at $107.59 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 2.16 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 cap of $6.56 billion, a price-to-earnings ratio of 16.13, a P/E/G ratio of 2.72 and a beta of 1.18. The business has a fifty day simple moving average of $107.51 and a 200-day simple moving average of $111.19.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.80 by $0.10. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Sell-side analysts predict that Mohawk Industries, Inc. will post 8.71 EPS for the current year.

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.