Mohawk Industries, Inc. $MHK Shares Bought by Bailard Inc.

Bailard Inc. raised its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 42.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,400 shares of the company’s stock after purchasing an additional 1,896 shares during the quarter. Bailard Inc.’s holdings in Mohawk Industries were worth $671,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of Mohawk Industries by 27.7% in the first quarter. Envestnet Asset Management Inc. now owns 93,230 shares of the company’s stock worth $10,645,000 after buying an additional 20,230 shares during the last quarter. Allworth Financial LP lifted its holdings in Mohawk Industries by 36.2% in the first quarter. Allworth Financial LP now owns 595 shares of the company’s stock valued at $65,000 after acquiring an additional 158 shares during the period. Cerity Partners LLC boosted its position in Mohawk Industries by 133.4% in the 1st quarter. Cerity Partners LLC now owns 6,068 shares of the company’s stock worth $693,000 after purchasing an additional 3,468 shares in the last quarter. CWM LLC grew its stake in shares of Mohawk Industries by 52.3% during the 1st quarter. CWM LLC now owns 5,501 shares of the company’s stock worth $628,000 after purchasing an additional 1,889 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Mohawk Industries by 9.5% during the 1st quarter. Victory Capital Management Inc. now owns 249,470 shares of the company’s stock worth $28,484,000 after purchasing an additional 21,597 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Insider Buying and Selling

In related news, VP Rodney David Patton sold 700 shares of the stock in a transaction 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 completion of the transaction, the vice president directly owned 17,804 shares of the company’s stock, valued at approximately $2,279,802.20. This represents a 3.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Suzanne L. Helen sold 1,250 shares of Mohawk Industries stock in a transaction 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 sale, the insider directly owned 82,878 shares in the company, valued at approximately $8,903,583.54. This trade represents a 1.49% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 18,906 shares of company stock worth $2,409,994. 17.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MHK has been the subject of several analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $123.00 target price (up from $119.00) on shares of Mohawk Industries in a research note on Monday, July 28th. Wells Fargo & Company reiterated a “neutral” rating and issued a $130.00 price objective on shares of Mohawk Industries in a research report on Monday, October 27th. Robert W. Baird raised their target price on Mohawk Industries from $130.00 to $142.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Barclays cut their price target on Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating for the company in a research note on Monday, October 27th. Finally, Vertical Research initiated coverage on Mohawk Industries in a report on Monday, October 20th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.46.

Mohawk Industries Stock Down 1.0%

MHK stock opened at $106.85 on Friday. The stock has a market capitalization of $6.61 billion, a P/E ratio of 15.90, a P/E/G ratio of 2.38 and a beta of 1.31. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $146.93. The firm has a 50-day simple moving average of $123.65 and a 200-day simple moving average of $116.40. 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 posted its quarterly earnings data on Thursday, October 23rd. The company reported $2.67 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.01). Mohawk Industries had a return on equity of 6.97% and a net margin of 3.93%.The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter last year, the firm posted $2.90 earnings per share. Mohawk Industries’s quarterly revenue 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 analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

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.