Chicago Partners Investment Group LLC Makes New $196,000 Investment in Mohawk Industries, Inc. $MHK

Chicago Partners Investment Group LLC bought a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,873 shares of the company’s stock, valued at approximately $196,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MHK. Alyeska Investment Group L.P. grew its stake in shares of Mohawk Industries by 436.4% during the first quarter. Alyeska Investment Group L.P. now owns 756,030 shares of the company’s stock worth $86,324,000 after buying an additional 615,095 shares during the last quarter. Sound Shore Management Inc. CT bought a new stake in shares of Mohawk Industries during the first quarter worth $61,159,000. JPMorgan Chase & Co. grew its stake in shares of Mohawk Industries by 12.8% during the first quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company’s stock worth $414,017,000 after buying an additional 410,388 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Mohawk Industries by 677.6% in the first quarter. Adage Capital Partners GP L.L.C. now owns 380,770 shares of the company’s stock worth $43,476,000 after purchasing an additional 331,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Mohawk Industries by 7.8% in the first 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. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Price Performance

MHK stock opened at $119.38 on Friday. The stock has a market capitalization of $7.42 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 3.39 and a beta of 1.29. The company’s 50-day moving average is $129.50 and its 200-day moving average is $115.70. 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 $148.57.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, October 23rd. The company reported $2.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.01). The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.73 billion. Mohawk Industries had a return on equity of 7.06% and a net margin of 3.93%.Mohawk Industries’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $2.90 EPS. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. Equities research analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MHK. 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 note on Thursday, September 11th. Evercore ISI reduced their price objective on shares of 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. Raymond James Financial reissued a “strong-buy” rating and issued a $150.00 price objective (up previously from $140.00) on shares of Mohawk Industries in a research note on Tuesday, October 21st. JPMorgan Chase & Co. boosted their price objective on shares of Mohawk Industries from $139.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, Vertical Research began coverage on shares of Mohawk Industries in a research note on Monday, October 20th. They issued a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Mohawk Industries presently has an average rating of “Moderate Buy” and a consensus target price of $139.38.

Insider Activity at Mohawk Industries

In related news, VP Rodney David Patton sold 700 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $128.05, for a total value of $89,635.00. Following the sale, the vice president owned 17,804 shares in the company, valued at $2,279,802.20. This represents a 3.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Suzanne L. Helen sold 2,500 shares of the company’s stock in a transaction dated 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 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 34,791 shares of company stock worth $4,357,225 over the last quarter. Company insiders own 17.40% of the company’s stock.

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.