Ariel Investments LLC Sells 27,005 Shares of Mohawk Industries, Inc. $MHK

Ariel Investments LLC trimmed its stake in Mohawk Industries, Inc. (NYSE:MHK) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,716,569 shares of the company’s stock after selling 27,005 shares during the period. Mohawk Industries comprises about 2.0% of Ariel Investments LLC’s investment portfolio, making the stock its 18th biggest position. Ariel Investments LLC owned about 2.76% of Mohawk Industries worth $179,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in MHK. Qube Research & Technologies Ltd grew its position in Mohawk Industries by 33.0% during the second quarter. Qube Research & Technologies Ltd now owns 432,004 shares of the company’s stock worth $45,291,000 after buying an additional 107,242 shares in the last quarter. Lombard Odier Asset Management USA Corp lifted its position in shares of Mohawk Industries by 89.7% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 13,769 shares of the company’s stock worth $1,444,000 after acquiring an additional 6,510 shares during the period. State Street Corp grew its holdings in shares of Mohawk Industries by 2.1% during the 2nd quarter. State Street Corp now owns 1,915,831 shares of the company’s stock worth $200,856,000 after purchasing an additional 39,556 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Mohawk Industries by 10.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,554 shares of the company’s stock worth $373,000 after purchasing an additional 333 shares in the last quarter. Finally, Natixis increased its position in shares of Mohawk Industries by 141.2% during the second quarter. Natixis now owns 9,217 shares of the company’s stock valued at $966,000 after purchasing an additional 5,395 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 500 shares of the firm’s stock in a transaction dated 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 owned 78,243 shares in the company, valued at approximately $9,006,551.73. This trade represents a 0.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 10,171 shares of company stock worth $1,206,482. 17.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $150.00 target price (up from $140.00) on shares of Mohawk Industries in a research report on Tuesday, October 21st. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday, October 31st. Evercore ISI reduced 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 report on Wednesday, November 19th. Barclays set a $121.00 target price on shares of Mohawk Industries in a research report on Monday. Finally, Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday. 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 company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $137.54.

Mohawk Industries Trading Down 2.0%

MHK stock opened at $106.56 on Wednesday. The business has a fifty day moving average price of $116.24 and a 200 day moving average price of $117.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 1.24. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $143.13. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 2.21 and a beta of 1.23.

Mohawk Industries (NYSE:MHK) last announced its 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 return on equity of 6.97% and a net margin of 3.93%.The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the company posted $2.90 EPS. Mohawk Industries’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. Analysts expect 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.