Heartland Advisors Inc. Trims Position in Mohawk Industries, Inc. $MHK

Heartland Advisors Inc. trimmed its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 15.3% during the 1st quarter, Holdings Channel reports. The firm owned 147,668 shares of the company’s stock after selling 26,693 shares during the period. Heartland Advisors Inc.’s holdings in Mohawk Industries were worth $14,539,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MHK. Goldman Sachs Group Inc. raised its holdings in Mohawk Industries by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock valued at $39,369,000 after acquiring an additional 42,655 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Mohawk Industries by 0.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock worth $22,148,000 after acquiring an additional 1,175 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Mohawk Industries during the first quarter worth about $149,000. Creative Planning grew its position in shares of Mohawk Industries by 10.2% during the second quarter. Creative Planning now owns 3,730 shares of the company’s stock worth $391,000 after purchasing an additional 346 shares in the last quarter. Finally, CW Advisors LLC bought a new stake in Mohawk Industries during the 2nd quarter valued at approximately $280,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 16,600 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the completion of the transaction, the insider owned 14,132 shares in the company, valued at $1,596,492.04. The trade was a 54.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 4,500 shares of Mohawk Industries stock in a transaction on Monday, June 15th. The stock was sold at an average price of $112.08, for a total value of $504,360.00. Following the sale, the chief executive officer owned 20,000 shares of the company’s stock, valued at approximately $2,241,600. This trade represents a 18.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 40,186 shares of company stock valued at $4,460,321 over the last three months. 17.90% of the stock is owned by corporate insiders.

Mohawk Industries Trading Down 2.6%

Shares of MHK stock opened at $111.71 on Friday. The company has a market cap of $6.81 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 2.75 and a beta of 1.18. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13. The stock’s 50 day simple moving average is $108.30 and its two-hundred day simple moving average is $111.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.80 by $0.10. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. Mohawk Industries’s quarterly revenue 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. Research analysts predict that Mohawk Industries, Inc. will post 8.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MHK has been the topic of a number of research analyst reports. Wall Street Zen raised Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Zacks Research raised shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. JPMorgan Chase & Co. reduced their price objective on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Robert W. Baird lowered their target price on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Finally, Evercore set a $110.00 target price on shares of Mohawk Industries in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $124.42.

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.