Mohawk Industries, Inc. (NYSE:MHK) Sees Significant Growth in Short Interest

Mohawk Industries, Inc. (NYSE:MHK) saw a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 3,202,816 shares, an increase of 56.0% from the February 26th total of 2,052,626 shares. Based on an average trading volume of 1,218,616 shares, the days-to-cover ratio is presently 2.6 days. Currently, 6.3% of the company’s shares are short sold.

Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 5,658 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $105.19, for a total value of $595,165.02. Following the sale, the insider directly owned 61,935 shares of the company’s stock, valued at approximately $6,514,942.65. This trade represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 12,000 shares of company stock worth $1,246,336. Corporate insiders own 17.40% of the company’s stock.

Institutional Investors Weigh In On Mohawk Industries

A number of institutional investors have recently modified their holdings of MHK. Atlas FRM LLC grew its stake in Mohawk Industries by 28.0% in the second quarter. Atlas FRM LLC now owns 608,000 shares of the company’s stock worth $63,743,000 after purchasing an additional 133,000 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Mohawk Industries during the third quarter valued at approximately $20,054,000. Wilsey Asset Management Inc. lifted its holdings in Mohawk Industries by 11.5% during the 4th quarter. Wilsey Asset Management Inc. now owns 237,869 shares of the company’s stock worth $25,999,000 after buying an additional 24,621 shares during the last quarter. ARGA Investment Management LP lifted its holdings in Mohawk Industries by 1,508.1% during the 3rd quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock worth $63,008,000 after buying an additional 458,349 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in shares of Mohawk Industries by 3.4% in the 3rd quarter. Schroder Investment Management Group now owns 837,556 shares of the company’s stock worth $107,978,000 after acquiring an additional 27,888 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Stock Down 2.5%

Shares of Mohawk Industries stock traded down $2.42 on Friday, hitting $96.16. 1,314,921 shares of the company’s stock traded hands, compared to its average volume of 1,166,093. Mohawk Industries has a 52-week low of $95.16 and a 52-week high of $143.13. The company has a quick ratio of 1.21, a current ratio of 2.19 and a debt-to-equity ratio of 0.21. The stock has a market cap of $5.91 billion, a P/E ratio of 16.24, a PEG ratio of 1.53 and a beta of 1.19. The firm’s 50-day moving average is $117.81 and its 200 day moving average is $117.66.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, February 12th. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.02. Mohawk Industries had a net margin of 3.43% and a return on equity of 6.80%. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the previous year, the firm earned $1.95 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. Equities analysts anticipate that Mohawk Industries will post 9.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays set a $121.00 price target on shares of Mohawk Industries in a research note on Monday, December 8th. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Saturday, March 14th. Wolfe Research lowered Mohawk Industries from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Royal Bank Of Canada lifted 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. Finally, Wells Fargo & Company upped their price target on Mohawk Industries from $110.00 to $125.00 and gave the stock a “cautious” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Mohawk Industries has a consensus rating of “Hold” and a consensus price target of $137.64.

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.