Wedmont Private Capital Has $326,000 Stock Position in Mohawk Industries, Inc. $MHK

Wedmont Private Capital raised its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,905 shares of the company’s stock after purchasing an additional 153 shares during the quarter. Wedmont Private Capital’s holdings in Mohawk Industries were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MHK. JPMorgan Chase & Co. raised its stake in shares of Mohawk Industries by 12.8% in the first quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company’s stock valued at $414,017,000 after acquiring an additional 410,388 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Mohawk Industries by 7.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,964,190 shares of the company’s stock worth $338,444,000 after purchasing an additional 213,429 shares during the last quarter. Invesco Ltd. raised its position in Mohawk Industries by 5.6% in the 1st quarter. Invesco Ltd. now owns 1,821,951 shares of the company’s stock worth $208,030,000 after purchasing an additional 96,568 shares during the last quarter. Ariel Investments LLC raised its position in Mohawk Industries by 3.4% in the 1st quarter. Ariel Investments LLC now owns 1,743,574 shares of the company’s stock worth $199,081,000 after purchasing an additional 57,391 shares during the last quarter. Finally, Select Equity Group L.P. raised its position in Mohawk Industries by 3.4% in the 1st quarter. Select Equity Group L.P. now owns 1,547,651 shares of the company’s stock worth $176,711,000 after purchasing an additional 50,232 shares during the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Mohawk Industries Trading Down 1.8%

Shares of NYSE:MHK opened at $130.35 on Monday. The company’s 50-day moving average price is $125.59 and its two-hundred day moving average price is $113.29. 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 one year low of $96.24 and a one year high of $164.29. The stock has a market capitalization of $8.10 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 2.84 and a beta of 1.25.

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

Insider Buying and Selling at Mohawk Industries

In other news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $120.81, for a total transaction 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 trade represents a 32.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Suzanne L. Helen sold 2,500 shares of the stock in a transaction that occurred 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 sale, the insider owned 91,084 shares in the company, valued at $10,984,730.40. This represents a 2.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,791 shares of company stock valued at $4,357,225 over the last ninety days. Company 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.