Mohawk Industries, Inc. $MHK Shares Bought by Czech National Bank

Czech National Bank lifted its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,681 shares of the company’s stock after buying an additional 648 shares during the quarter. Czech National Bank’s holdings in Mohawk Industries were worth $1,329,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Citadel Investment Advisory Inc. raised its stake in shares of Mohawk Industries by 0.8% during the 1st quarter. Citadel Investment Advisory Inc. now owns 12,848 shares of the company’s stock worth $1,467,000 after buying an additional 100 shares during the period. M&T Bank Corp raised its stake in shares of Mohawk Industries by 3.8% during the 1st quarter. M&T Bank Corp now owns 3,315 shares of the company’s stock worth $378,000 after buying an additional 122 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in shares of Mohawk Industries by 3.2% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 4,006 shares of the company’s stock worth $457,000 after buying an additional 126 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Mohawk Industries by 4.7% during the 1st quarter. Venturi Wealth Management LLC now owns 2,899 shares of the company’s stock worth $331,000 after buying an additional 131 shares during the period. Finally, Exchange Traded Concepts LLC raised its stake in shares of Mohawk Industries by 9.1% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,635 shares of the company’s stock worth $187,000 after buying an additional 136 shares during the period. 78.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on MHK shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a $123.00 price target (up from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. Wells Fargo & Company boosted their price target on Mohawk Industries from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 11th. Barclays boosted their price target on Mohawk Industries from $111.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Evercore ISI dropped their price target on Mohawk Industries from $124.00 to $123.00 and set an “in-line” rating for the company in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. boosted their price target on Mohawk Industries from $139.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Mohawk Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.93.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 2,500 shares of Mohawk Industries stock in a transaction on Monday, July 28th. The stock was sold at an average price of $120.60, for a total transaction of $301,500.00. Following the completion of the transaction, the insider directly owned 91,084 shares of the company’s stock, valued at approximately $10,984,730.40. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jeffrey S. Lorberbaum sold 16,000 shares of Mohawk Industries stock in a transaction on Monday, July 28th. The stock was sold at an average price of $120.81, for a total value of $1,932,960.00. Following the transaction, the chief executive officer directly owned 33,600 shares of the company’s stock, valued at approximately $4,059,216. This represents a 32.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,791 shares of company stock valued at $4,357,225. Company insiders own 17.40% of the company’s stock.

Mohawk Industries Stock Down 1.8%

Mohawk Industries stock opened at $130.35 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.13 and a quick ratio of 1.18. Mohawk Industries, Inc. has a 1-year low of $96.24 and a 1-year high of $164.29. The company has a market cap of $8.10 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 2.89 and a beta of 1.25. The stock’s 50 day moving average price is $125.59 and its 200 day moving average price is $113.35.

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, topping the consensus estimate of $2.62 by $0.15. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.Mohawk Industries’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.00 earnings per share. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. On average, sell-side analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

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.