Inspire Investing LLC Makes New $312,000 Investment in Mohawk Industries, Inc. $MHK

Inspire Investing LLC bought a new stake in Mohawk Industries, Inc. (NYSE:MHK) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,736 shares of the company’s stock, valued at approximately $312,000.

A number of other institutional investors have also modified their holdings of the stock. Citadel Investment Advisory Inc. increased its holdings in shares of Mohawk Industries by 0.8% in the first quarter. Citadel Investment Advisory Inc. now owns 12,848 shares of the company’s stock valued at $1,467,000 after purchasing an additional 100 shares during the period. M&T Bank Corp increased its holdings in shares of Mohawk Industries by 3.8% in the first quarter. M&T Bank Corp now owns 3,315 shares of the company’s stock valued at $378,000 after purchasing an additional 122 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Mohawk Industries by 3.2% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,006 shares of the company’s stock valued at $457,000 after purchasing an additional 126 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Mohawk Industries by 4.7% in the first quarter. Venturi Wealth Management LLC now owns 2,899 shares of the company’s stock valued at $331,000 after purchasing an additional 131 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Mohawk Industries by 9.1% in the first quarter. Exchange Traded Concepts LLC now owns 1,635 shares of the company’s stock valued at $187,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Stock Up 1.2%

Shares of NYSE:MHK opened at $132.80 on Friday. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a 52-week low of $96.24 and a 52-week high of $164.29. The stock’s fifty day simple moving average is $125.24 and its 200-day simple moving average is $113.23. The company has a market capitalization of $8.25 billion, a P/E ratio of 17.66, a P/E/G ratio of 2.86 and a beta of 1.25.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, July 24th. The company reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.62 by $0.15. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the business earned $3.00 earnings per share. The business’s revenue was up .0% on a year-over-year basis. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. As a group, equities research analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MHK has been the topic of a number of recent research reports. Barclays boosted their target price on Mohawk Industries from $111.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Evercore ISI dropped their price objective on Mohawk Industries from $124.00 to $123.00 and set an “in-line” rating on the stock in a report on Monday, July 28th. Wells Fargo & Company upped their price objective on Mohawk Industries from $120.00 to $140.00 and gave the stock an “equal weight” rating in a report on Thursday, September 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $123.00 price objective (up previously from $119.00) on shares of Mohawk Industries in a report on Monday, July 28th. Finally, Robert W. Baird upped their price objective on Mohawk Industries from $130.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $141.93.

Insiders Place Their Bets

In other Mohawk Industries news, VP Rodney David Patton sold 700 shares of Mohawk Industries stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $128.05, for a total value of $89,635.00. Following the completion of the sale, the vice president owned 17,804 shares in the company, valued at $2,279,802.20. The trade was a 3.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bernard Thiers sold 10,000 shares of Mohawk Industries stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $128.21, for a total value of $1,282,100.00. Following the completion of the sale, the director owned 105,532 shares of the company’s stock, valued at $13,530,257.72. This trade represents a 8.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,791 shares of company stock worth $4,357,225 over the last 90 days. Corporate insiders own 17.40% of the company’s stock.

About Mohawk Industries

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.