Atria Investments Inc Sells 621 Shares of Mohawk Industries, Inc. $MHK

Atria Investments Inc lowered its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 23.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,003 shares of the company’s stock after selling 621 shares during the period. Atria Investments Inc’s holdings in Mohawk Industries were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Federated Hermes Inc. boosted its stake in Mohawk Industries by 326.3% during the 1st quarter. Federated Hermes Inc. now owns 243 shares of the company’s stock worth $28,000 after acquiring an additional 186 shares during the last quarter. Brooklyn Investment Group boosted its position in shares of Mohawk Industries by 2,506.3% during the first quarter. Brooklyn Investment Group now owns 417 shares of the company’s stock worth $48,000 after purchasing an additional 401 shares in the last quarter. Resona Asset Management Co. Ltd. grew its holdings in shares of Mohawk Industries by 40.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company’s stock valued at $55,000 after buying an additional 139 shares during the period. Allworth Financial LP increased its position in shares of Mohawk Industries by 36.2% in the 1st quarter. Allworth Financial LP now owns 595 shares of the company’s stock valued at $65,000 after buying an additional 158 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Mohawk Industries during the 1st quarter worth $149,000. 78.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MHK shares. Evercore ISI set a $124.00 target price on Mohawk Industries in a research note on Monday, October 27th. Raymond James Financial reissued a “strong-buy” rating and set a $150.00 target price (up from $140.00) on shares of Mohawk Industries in a research note on Tuesday, October 21st. Royal Bank Of Canada restated a “sector perform” rating and set a $123.00 target price (up from $119.00) on shares of Mohawk Industries in a report on Monday, July 28th. Robert W. Baird upped their price target on shares of Mohawk Industries from $130.00 to $142.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.46.

Mohawk Industries Price Performance

NYSE MHK opened at $108.04 on Friday. Mohawk Industries, Inc. has a 12-month low of $96.24 and a 12-month high of $146.93. The firm’s 50 day moving average is $124.30 and its 200-day moving average is $116.40. The company has a market capitalization of $6.68 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31. The company has a quick ratio of 1.24, a current ratio of 2.25 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, October 23rd. The company reported $2.67 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.01). Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the business posted $2.90 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. Equities research analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 1,250 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $107.43, for a total transaction of $134,287.50. Following the completion of the transaction, the insider directly owned 82,878 shares of the company’s stock, valued at approximately $8,903,583.54. This represents a 1.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Rodney David Patton sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was 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 approximately $2,279,802.20. This represents a 3.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 18,906 shares of company stock worth $2,409,994. Corporate insiders own 17.40% of the company’s stock.

Mohawk Industries 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.