Wealth Enhancement Advisory Services LLC Has $1.67 Million Stake in Mohawk Industries, Inc. $MHK

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 190.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,031 shares of the company’s stock after buying an additional 9,857 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Mohawk Industries were worth $1,666,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of MHK. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Mohawk Industries in the 4th quarter valued at $1,564,000. Versant Capital Management Inc lifted its stake in Mohawk Industries by 165.9% during the 1st quarter. Versant Capital Management Inc now owns 1,428 shares of the company’s stock valued at $163,000 after acquiring an additional 891 shares in the last quarter. GAMMA Investing LLC lifted its stake in Mohawk Industries by 12,165.8% during the 1st quarter. GAMMA Investing LLC now owns 310,570 shares of the company’s stock valued at $35,461,000 after acquiring an additional 308,038 shares in the last quarter. Rhumbline Advisers lifted its stake in Mohawk Industries by 20.5% during the 1st quarter. Rhumbline Advisers now owns 114,667 shares of the company’s stock valued at $13,093,000 after acquiring an additional 19,529 shares in the last quarter. Finally, Czech National Bank lifted its stake in Mohawk Industries by 5.9% during the 1st quarter. Czech National Bank now owns 12,033 shares of the company’s stock valued at $1,374,000 after acquiring an additional 671 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 2,200 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $137.19, for a total value of $301,818.00. Following the completion of the sale, the insider owned 85,493 shares of the company’s stock, valued at $11,728,784.67. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the firm’s 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 completion of the sale, the chief executive officer directly owned 33,600 shares of the company’s stock, valued at $4,059,216. The trade was a 32.26% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 34,791 shares of company stock worth $4,357,225. 17.40% of the stock is owned by company insiders.

Analyst Ratings Changes

MHK has been the topic of several recent analyst reports. 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 research note on Monday, July 28th. Robert W. Baird lifted their target price on Mohawk Industries from $130.00 to $142.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $123.00 target price (up from $119.00) on shares of Mohawk Industries in a research note on Monday, July 28th. JPMorgan Chase & Co. lifted their target price on Mohawk Industries from $139.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Wells Fargo & Company lifted their target price on Mohawk Industries from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $141.93.

Mohawk Industries Stock Down 0.4%

Shares of MHK opened at $128.03 on Tuesday. The firm has a market cap of $7.95 billion, a P/E ratio of 17.03, a P/E/G ratio of 2.80 and a beta of 1.25. Mohawk Industries, Inc. has a 1 year low of $96.24 and a 1 year high of $164.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.13 and a quick ratio of 1.18. The stock has a 50 day simple moving average of $127.70 and a two-hundred day simple moving average of $113.87.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, July 24th. The company reported $2.77 earnings per share for the quarter, beating analysts’ consensus estimates of $2.62 by $0.15. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.76 billion. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior 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, analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Mohawk Industries Company Profile

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.