Mohawk Industries, Inc. $MHK Holdings Increased by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 9.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,096,223 shares of the company’s stock after acquiring an additional 94,373 shares during the quarter. American Century Companies Inc. owned about 1.76% of Mohawk Industries worth $114,928,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MHK. Federated Hermes Inc. increased its position in shares of Mohawk Industries by 326.3% during the 1st quarter. Federated Hermes Inc. now owns 243 shares of the company’s stock valued at $28,000 after purchasing an additional 186 shares during the period. MTM Investment Management LLC bought a new position in Mohawk Industries during the second quarter valued at about $28,000. Brooklyn Investment Group grew its holdings in 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 acquiring an additional 401 shares during the period. Resona Asset Management Co. Ltd. raised its position in Mohawk Industries by 40.6% in the first quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company’s stock worth $55,000 after acquiring an additional 139 shares in the last quarter. Finally, Mufg Securities Americas Inc. lifted its holdings in Mohawk Industries by 23.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 1,150 shares of the company’s stock valued at $121,000 after acquiring an additional 222 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MHK shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday, October 31st. Barclays reduced their target price on shares of Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating for the company in a report on Monday, October 27th. JPMorgan Chase & Co. lifted their price target on shares of Mohawk Industries from $139.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $123.00 price objective (up previously from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. Finally, Wells Fargo & Company reissued a “neutral” rating and set a $130.00 price objective on shares of Mohawk Industries in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $138.00.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 2,200 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $137.19, for a total transaction of $301,818.00. Following the completion of the sale, the insider directly owned 85,493 shares of the company’s stock, valued at $11,728,784.67. This trade represents a 2.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders sold 6,406 shares of company stock valued at $793,753. Corporate insiders own 17.40% of the company’s stock.

Mohawk Industries Stock Down 0.2%

Mohawk Industries stock opened at $109.70 on Tuesday. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $146.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 2.25. The firm has a market cap of $6.78 billion, a PE ratio of 16.33, a P/E/G ratio of 2.38 and a beta of 1.31. The firm’s 50 day moving average price is $119.89 and its two-hundred day moving average price is $116.65.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results 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 net margin of 3.93% and a return on equity of 6.97%. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the prior year, the firm earned $2.90 earnings per share. The company’s 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. On average, research analysts predict that Mohawk Industries, Inc. will post 9.8 EPS 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.