Donald Smith & CO. Inc. Acquires New Stake in Mohawk Industries, Inc. $MHK

Donald Smith & CO. Inc. purchased a new stake in Mohawk Industries, Inc. (NYSE:MHK) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 277,390 shares of the company’s stock, valued at approximately $29,082,000. Donald Smith & CO. Inc. owned 0.45% of Mohawk Industries at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MHK. Alyeska Investment Group L.P. increased its stake in Mohawk Industries by 436.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 756,030 shares of the company’s stock valued at $86,324,000 after purchasing an additional 615,095 shares in the last quarter. Norges Bank acquired a new stake in shares of Mohawk Industries during the second quarter worth $48,276,000. JPMorgan Chase & Co. grew its holdings in Mohawk Industries by 12.8% in the 1st quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company’s stock valued at $414,017,000 after buying an additional 410,388 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Mohawk Industries by 28.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,820,314 shares of the company’s stock valued at $190,842,000 after purchasing an additional 398,349 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its holdings in shares of Mohawk Industries by 677.6% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 380,770 shares of the company’s stock worth $43,476,000 after buying an additional 331,800 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MHK shares. Evercore ISI dropped their price objective on shares of Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a research report on Wednesday, November 19th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday, October 31st. Wells Fargo & Company cut their price objective on Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Thursday. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $150.00 price target (up from $140.00) on shares of Mohawk Industries in a report on Tuesday, October 21st. Finally, Wall Street Zen raised Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $137.62.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 500 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $115.11, for a total value of $57,555.00. Following the completion of the sale, the insider directly owned 78,243 shares of the company’s stock, valued at $9,006,551.73. This represents a 0.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders sold 10,541 shares of company stock valued at $1,256,543. Company insiders own 17.40% of the company’s stock.

Mohawk Industries Stock Down 1.2%

MHK stock opened at $110.65 on Friday. 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, 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 of $117.08 and a two-hundred day moving average of $116.98. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 2.25 and a beta of 1.23.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $2.67 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.01). The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.73 billion. Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. Mohawk Industries’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.90 EPS. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, equities analysts anticipate 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.