First Trust Advisors LP Sells 15,891 Shares of Mohawk Industries, Inc. $MHK

First Trust Advisors LP decreased its position in Mohawk Industries, Inc. (NYSE:MHK) by 6.3% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 237,434 shares of the company’s stock after selling 15,891 shares during the period. First Trust Advisors LP owned about 0.38% of Mohawk Industries worth $24,893,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. MTM Investment Management LLC acquired a new stake in shares of Mohawk Industries in the second quarter valued at approximately $28,000. Brooklyn Investment Group grew its position in Mohawk Industries by 2,506.3% in the first quarter. Brooklyn Investment Group now owns 417 shares of the company’s stock valued at $48,000 after purchasing an additional 401 shares in the last quarter. Resona Asset Management Co. Ltd. increased its stake in Mohawk Industries by 40.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company’s stock valued at $55,000 after buying an additional 139 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Mohawk Industries by 837.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,087 shares of the company’s stock worth $114,000 after buying an additional 971 shares in the last quarter. Finally, Mufg Securities Americas Inc. boosted its stake in shares of Mohawk Industries by 23.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 1,150 shares of the company’s stock worth $121,000 after buying an additional 222 shares during the last quarter. 78.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Suzanne L. Helen sold 2,500 shares of Mohawk Industries stock in a transaction on Friday, November 21st. The stock was sold at an average price of $109.54, for a total transaction of $273,850.00. Following the completion of the sale, the insider owned 79,878 shares of the company’s stock, valued at approximately $8,749,836.12. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 9,450 shares of company stock valued at $1,106,357. Corporate insiders own 17.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MHK. Vertical Research started coverage on Mohawk Industries in a report on Monday, October 20th. They set a “buy” rating on the stock. Barclays set a $121.00 price objective on Mohawk Industries in a report on Monday. Wells Fargo & Company lowered their target price on shares of Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating on the stock in a report on Thursday, December 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday, October 31st. Finally, Evercore ISI dropped their target price on shares of Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating on the stock in a report on Wednesday, November 19th. 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $137.54.

Mohawk Industries Stock Up 4.8%

Shares of MHK opened at $111.69 on Thursday. The firm has a market cap of $6.90 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 2.16 and a beta of 1.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 2.25. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $143.13. The firm’s 50-day simple moving average is $115.90 and its 200 day simple moving average is $117.12.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $2.67 earnings per share (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 company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the business 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, analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Mohawk Industries Profile

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.