Brandes Investment Partners LP Buys 46,076 Shares of Mohawk Industries, Inc. $MHK

Brandes Investment Partners LP boosted its position in Mohawk Industries, Inc. (NYSE:MHK) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 870,778 shares of the company’s stock after acquiring an additional 46,076 shares during the quarter. Brandes Investment Partners LP owned 1.40% of Mohawk Industries worth $91,294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MHK. Kinney Asset Management LLC boosted its holdings in shares of Mohawk Industries by 87.7% in the 2nd quarter. Kinney Asset Management LLC now owns 164,244 shares of the company’s stock worth $17,219,000 after purchasing an additional 76,754 shares in the last quarter. Claret Asset Management Corp bought a new stake in Mohawk Industries in the 2nd quarter worth approximately $233,000. New York State Common Retirement Fund boosted its stake in Mohawk Industries by 0.3% in the second quarter. New York State Common Retirement Fund now owns 194,481 shares of the company’s stock worth $20,389,000 after buying an additional 561 shares in the last quarter. Schroder Investment Management Group grew its position in Mohawk Industries by 45.6% during the second quarter. Schroder Investment Management Group now owns 809,668 shares of the company’s stock valued at $84,886,000 after acquiring an additional 253,590 shares during the last quarter. Finally, Tejara Capital Ltd bought a new position in Mohawk Industries during the second quarter valued at approximately $1,017,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

Shares of NYSE:MHK opened at $115.49 on Tuesday. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 17.19, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $143.13. The company has a 50-day moving average price of $118.23 and a 200-day moving average price of $116.88.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results 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). 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 for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the prior year, the firm earned $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. As a group, equities analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Raymond James Financial restated a “strong-buy” rating and issued a $150.00 price objective (up from $140.00) on shares of Mohawk Industries in a report on Tuesday, October 21st. Vertical Research assumed coverage on shares of Mohawk Industries in a research note on Monday, October 20th. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday, October 31st. Barclays lowered their target price 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, Evercore ISI dropped their target price on Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a report on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Mohawk Industries has an average rating of “Moderate Buy” and a consensus target price of $138.00.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 2,500 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $109.54, for a total value of $273,850.00. Following the completion of the sale, the insider owned 79,878 shares of the company’s stock, valued at $8,749,836.12. This trade represents a 3.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 9,541 shares of company stock worth $1,140,653 in the last ninety days. 17.40% of the stock is owned by corporate insiders.

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.