Mohawk Industries, Inc. $MHK Shares Acquired by III Capital Management

III Capital Management lifted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 40.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 41,850 shares of the company’s stock after purchasing an additional 12,000 shares during the period. Mohawk Industries comprises approximately 0.7% of III Capital Management’s portfolio, making the stock its 12th largest holding. III Capital Management’s holdings in Mohawk Industries were worth $4,574,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Inspire Investing LLC grew its position in shares of Mohawk Industries by 25.3% during the fourth quarter. Inspire Investing LLC now owns 3,007 shares of the company’s stock worth $329,000 after buying an additional 607 shares in the last quarter. Invenomic Capital Management LP acquired a new position in shares of Mohawk Industries during the fourth quarter worth about $2,222,000. Gotham Asset Management LLC grew its position in shares of Mohawk Industries by 169.7% during the fourth quarter. Gotham Asset Management LLC now owns 96,995 shares of the company’s stock worth $10,602,000 after buying an additional 61,035 shares in the last quarter. Evolve Private Wealth LLC acquired a new position in shares of Mohawk Industries during the fourth quarter worth about $332,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Mohawk Industries during the fourth quarter worth about $12,233,000. 78.98% of the stock is owned by institutional investors and hedge funds.

Mohawk Industries Stock Performance

Shares of MHK opened at $107.94 on Thursday. The stock has a 50 day moving average price of $104.08 and a 200 day moving average price of $110.74. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 2.77 and a beta of 1.20. Mohawk Industries, Inc. has a 52-week low of $92.99 and a 52-week high of $143.13.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.74 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Research analysts predict that Mohawk Industries, Inc. will post 8.67 EPS for the current fiscal year.

Insider Buying and Selling

In other Mohawk Industries news, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer owned 20,000 shares in the company, valued at approximately $2,241,600. The trade was a 18.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Suzanne L. Helen sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $112.68, for a total value of $338,040.00. Following the completion of the sale, the insider owned 35,732 shares of the company’s stock, valued at approximately $4,026,281.76. This represents a 7.75% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 18,586 shares of company stock valued at $2,025,419. 17.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MHK shares. Barclays lowered their price objective 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. JPMorgan Chase & Co. lowered their price target on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Zacks Research downgraded Mohawk Industries from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. Truist Financial lowered their price target on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Finally, Wall Street Zen downgraded Mohawk Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Mohawk Industries presently has a consensus rating of “Hold” and a consensus price target of $123.33.

Mohawk Industries Company 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.