Farther Finance Advisors LLC Acquires 1,124 Shares of Mohawk Industries, Inc. $MHK

Farther Finance Advisors LLC lifted its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 85.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,437 shares of the company’s stock after buying an additional 1,124 shares during the period. Farther Finance Advisors LLC’s holdings in Mohawk Industries were worth $255,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Federated Hermes Inc. increased its holdings in shares of Mohawk Industries by 326.3% in the 1st quarter. Federated Hermes Inc. now owns 243 shares of the company’s stock worth $28,000 after buying an additional 186 shares during the last quarter. Brooklyn Investment Group grew its holdings in Mohawk Industries by 2,506.3% during the 1st quarter. Brooklyn Investment Group now owns 417 shares of the company’s stock valued at $48,000 after purchasing an additional 401 shares during the last quarter. Resona Asset Management Co. Ltd. grew its holdings in Mohawk Industries by 40.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company’s stock valued at $55,000 after purchasing an additional 139 shares during the last quarter. Allworth Financial LP grew its holdings in Mohawk Industries by 36.2% during the 1st quarter. Allworth Financial LP now owns 595 shares of the company’s stock valued at $65,000 after purchasing an additional 158 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Mohawk Industries during the 1st quarter valued at about $149,000. 78.98% of the stock is currently owned by institutional investors.

Mohawk Industries Trading Up 0.7%

NYSE:MHK opened at $128.98 on Wednesday. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $164.29. The firm has a 50 day moving average of $127.97 and a 200 day moving average of $113.97. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $8.01 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 2.79 and a beta of 1.25.

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

Insider Activity at Mohawk Industries

In other Mohawk Industries news, Director Bernard Thiers sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $128.21, for a total transaction of $1,282,100.00. Following the transaction, the director owned 105,532 shares in the company, valued at approximately $13,530,257.72. This represents a 8.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the company’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 owned 33,600 shares in the company, valued at $4,059,216. The trade was a 32.26% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,791 shares of company stock worth $4,357,225. 17.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on MHK. Wells Fargo & Company upped their price target on shares of Mohawk Industries from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday, September 11th. Barclays upped their price target on shares of Mohawk Industries from $111.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. JPMorgan Chase & Co. upped their price target on shares of Mohawk Industries from $139.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. 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 report on Monday, July 28th. Finally, Evercore ISI cut their price target on shares of Mohawk Industries from $124.00 to $123.00 and set an “in-line” rating on the stock in a report on Monday, July 28th. Two investment 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 stock. According to data from MarketBeat.com, Mohawk Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.93.

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.