Massachusetts Financial Services Co. MA Increases Position in Mohawk Industries, Inc. $MHK

Massachusetts Financial Services Co. MA increased its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,829,830 shares of the company’s stock after acquiring an additional 9,516 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 2.96% of Mohawk Industries worth $235,902,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. MTM Investment Management LLC acquired a new stake in shares of Mohawk Industries during the second quarter worth $28,000. Quent Capital LLC acquired a new position in Mohawk Industries in the third quarter valued at $33,000. SJS Investment Consulting Inc. lifted its position in Mohawk Industries by 5,385.7% during the third quarter. SJS Investment Consulting Inc. now owns 384 shares of the company’s stock worth $50,000 after buying an additional 377 shares during the period. True Wealth Design LLC boosted its stake in Mohawk Industries by 1,016.7% in the 3rd quarter. True Wealth Design LLC now owns 670 shares of the company’s stock worth $86,000 after buying an additional 610 shares during the last quarter. Finally, Ossiam grew its holdings in Mohawk Industries by 131.6% in the 2nd quarter. Ossiam now owns 915 shares of the company’s stock valued at $96,000 after buying an additional 520 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MHK has been the topic of several recent analyst reports. Jefferies Financial Group cut their price objective on shares of Mohawk Industries from $134.00 to $128.00 and set a “hold” rating on the stock in a report on Monday, December 15th. Vertical Research initiated coverage on shares of Mohawk Industries in a research report on Monday, October 20th. They set a “buy” rating for the company. Barclays set a $121.00 price target on shares of Mohawk Industries in a report on Monday, December 8th. Wells Fargo & Company dropped their price objective on Mohawk Industries from $125.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday, December 15th. Finally, Wolfe Research cut Mohawk Industries from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $133.83.

Mohawk Industries Trading Down 0.7%

NYSE MHK opened at $122.78 on Tuesday. The stock has a market cap of $7.59 billion, a P/E ratio of 18.27, a PEG ratio of 2.17 and a beta of 1.22. The company’s fifty day simple moving average is $111.68 and its 200-day simple moving average is $119.18. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $143.13.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, October 23rd. The company reported $2.67 earnings per share 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 firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the business posted $2.90 earnings per share. 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. Equities research analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 3,500 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $110.36, for a total value of $386,260.00. Following the completion of the transaction, the insider owned 70,593 shares of the company’s stock, valued at approximately $7,790,643.48. This represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders sold a total of 17,600 shares of company stock valued at $1,945,754 in the last 90 days. Insiders own 17.40% of the company’s stock.

Mohawk Industries Profile

Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.

The company’s product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.