Atlas FRM LLC Has $26.43 Million Position in Mohawk Industries, Inc. $MHK

Atlas FRM LLC reduced its stake in Mohawk Industries, Inc. (NYSE:MHK) by 66.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 205,000 shares of the company’s stock after selling 403,000 shares during the period. Mohawk Industries makes up approximately 3.1% of Atlas FRM LLC’s holdings, making the stock its 6th largest holding. Atlas FRM LLC owned approximately 0.33% of Mohawk Industries worth $26,429,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Root Financial Partners LLC acquired a new position in shares of Mohawk Industries during the 3rd quarter worth approximately $25,000. MTM Investment Management LLC acquired a new stake in shares of Mohawk Industries in the second quarter valued at approximately $28,000. Quent Capital LLC bought a new stake in shares of Mohawk Industries in the third quarter valued at approximately $33,000. SJS Investment Consulting Inc. boosted its stake in shares of Mohawk Industries by 5,385.7% in the third quarter. SJS Investment Consulting Inc. now owns 384 shares of the company’s stock valued at $50,000 after buying an additional 377 shares during the period. Finally, Resona Asset Management Co. Ltd. grew its position in Mohawk Industries by 22.6% during the third quarter. Resona Asset Management Co. Ltd. now owns 612 shares of the company’s stock worth $78,000 after buying an additional 113 shares in the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MHK. Truist Financial boosted their price objective on Mohawk Industries from $148.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Barclays set a $121.00 price objective on shares of Mohawk Industries in a research note on Monday, December 8th. Wells Fargo & Company boosted their target price on shares of Mohawk Industries from $110.00 to $125.00 and gave the company a “cautious” rating in a research report on Wednesday, February 11th. Wolfe Research lowered shares of Mohawk Industries from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Finally, Royal Bank Of Canada raised their price target on shares of Mohawk Industries from $122.00 to $135.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $137.64.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $106.52 on Thursday. The company has a 50 day simple moving average of $121.36 and a two-hundred day simple moving average of $120.43. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 1.72 and a beta of 1.19. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $143.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.21 and a current ratio of 2.19.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, February 12th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.02. The firm had revenue of $2.70 billion for 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%. The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.95 earnings per share. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. Analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 1,042 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $109.39, for a total value of $113,984.38. Following the transaction, the insider owned 60,893 shares of the company’s stock, valued at approximately $6,661,085.27. The trade was a 1.68% 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 90 days, insiders sold 15,200 shares of company stock worth $1,648,276. 17.40% of the stock is currently owned by company insiders.

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.