Hsbc Holdings PLC Makes New Investment in Mohawk Industries, Inc. $MHK

Hsbc Holdings PLC purchased a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) in the 2nd quarter, HoldingsChannel reports. The firm purchased 61,849 shares of the company’s stock, valued at approximately $7,370,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MHK. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Mohawk Industries in the 2nd quarter valued at about $25,000. Elevation Wealth Partners LLC increased its stake in Mohawk Industries by 122.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock worth $27,000 after purchasing an additional 121 shares during the period. Global Retirement Partners LLC increased its stake in Mohawk Industries by 950.0% in the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after purchasing an additional 228 shares during the period. Basecamp Wealth Advisors LLC lifted its position in Mohawk Industries by 2,281.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock valued at $26,000 after purchasing an additional 251 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted its position in Mohawk Industries by 216.1% in the fourth 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 last quarter. 78.98% of the stock is owned by institutional investors.

Mohawk Industries Trading Up 0.4%

Shares of NYSE MHK opened at $130.29 on Friday. 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 0.14, a current ratio of 1.92 and a quick ratio of 1.13. The firm has a 50-day moving average of $122.45 and a 200 day moving average of $113.12. The stock has a market cap of $8.83 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $1.09. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the prior year, the company earned $2.77 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. As a group, sell-side analysts expect that Mohawk Industries, Inc. will post 9.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Wells Fargo & Company upped their price target on shares of Mohawk Industries from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Robert W. Baird increased their price target on shares of Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Barclays raised their price target on shares of Mohawk Industries from $109.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $121.00 target price on shares of Mohawk Industries in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $130.50.

Insider Activity at Mohawk Industries

In other Mohawk Industries 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 value of $1,875,302.00. Following the sale, the insider directly owned 14,132 shares of the company’s stock, valued at approximately $1,596,492.04. The trade was a 54.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey S. Lorberbaum sold 53,314 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $131.57, for a total value of $7,014,522.98. Following the completion of the sale, the chief executive officer directly owned 10,000 shares in the company, valued at approximately $1,315,700. This represents a 84.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 115,882 shares of company stock valued at $14,603,948 in the last 90 days. Corporate insiders own 17.90% of the company’s stock.

About Mohawk Industries

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.