Mohawk Industries, Inc. $MHK Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 12.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 957,046 shares of the company’s stock after selling 139,177 shares during the quarter. American Century Companies Inc. owned 1.55% of Mohawk Industries worth $123,383,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Resona Asset Management Co. Ltd. increased its holdings in Mohawk Industries by 22.6% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 612 shares of the company’s stock worth $78,000 after buying an additional 113 shares during the period. AlphaQuest LLC lifted its position in Mohawk Industries by 4.2% during the third quarter. AlphaQuest LLC now owns 2,774 shares of the company’s stock valued at $358,000 after purchasing an additional 113 shares during the period. Hantz Financial Services Inc. lifted its position in Mohawk Industries by 4.1% during the third quarter. Hantz Financial Services Inc. now owns 2,912 shares of the company’s stock valued at $375,000 after purchasing an additional 116 shares during the period. Wedmont Private Capital boosted its holdings in Mohawk Industries by 4.3% in the third quarter. Wedmont Private Capital now owns 3,031 shares of the company’s stock valued at $372,000 after purchasing an additional 126 shares during the last quarter. Finally, Mather Group LLC. grew its position in Mohawk Industries by 6.3% during the 3rd quarter. Mather Group LLC. now owns 2,344 shares of the company’s stock worth $302,000 after purchasing an additional 138 shares during the period. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 3,500 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $110.36, for a total transaction of $386,260.00. Following the transaction, the insider owned 70,593 shares of the company’s stock, valued at approximately $7,790,643.48. The trade was a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 10,850 shares of company stock worth $1,198,771 in the last quarter. Company insiders own 17.40% of the company’s stock.

Mohawk Industries Stock Performance

NYSE:MHK opened at $119.48 on Tuesday. The company has a market cap of $7.34 billion, a P/E ratio of 20.18, a P/E/G ratio of 1.98 and a beta of 1.19. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $143.13. The company’s 50-day moving average price is $121.34 and its 200-day moving average price is $121.25. The company has a current ratio of 2.19, a quick ratio of 1.21 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, February 12th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.02. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.68 billion. Mohawk Industries had a net margin of 3.43% and a return on equity of 6.80%. Mohawk Industries’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.95 EPS. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. On average, sell-side analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wolfe Research cut Mohawk Industries from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research report on Wednesday, January 28th. UBS Group reissued a “neutral” rating and set a $140.00 target price on shares of Mohawk Industries in a research note on Monday, February 16th. Truist Financial raised their price objective on Mohawk Industries from $148.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Finally, Wall Street Zen lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Mohawk Industries currently has an average rating of “Hold” and a consensus target price of $137.64.

About Mohawk Industries

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.