Cinctive Capital Management LP Acquires Shares of 28,001 Mohawk Industries, Inc. $MHK

Cinctive Capital Management LP acquired a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 28,001 shares of the company’s stock, valued at approximately $3,610,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Mohawk Industries by 2.7% during the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 16,732 shares of the company’s stock worth $2,157,000 after buying an additional 444 shares during the last quarter. California Public Employees Retirement System lifted its stake in Mohawk Industries by 2.2% in the third quarter. California Public Employees Retirement System now owns 91,987 shares of the company’s stock valued at $11,859,000 after buying an additional 1,975 shares during the last quarter. Boothbay Fund Management LLC lifted its stake in Mohawk Industries by 179.9% in the third quarter. Boothbay Fund Management LLC now owns 49,483 shares of the company’s stock valued at $6,379,000 after buying an additional 31,804 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its holdings in shares of Mohawk Industries by 2,091.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 118,876 shares of the company’s stock valued at $15,325,000 after acquiring an additional 113,452 shares during the period. Finally, Creative Planning grew its position in shares of Mohawk Industries by 358.8% during the third quarter. Creative Planning now owns 17,115 shares of the company’s stock worth $2,206,000 after acquiring an additional 13,385 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on MHK shares. UBS Group reiterated a “neutral” rating and issued a $140.00 price target on shares of Mohawk Industries in a research report on Monday, February 16th. Royal Bank Of Canada raised their price objective on shares of Mohawk Industries from $122.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Barclays set a $121.00 price objective on shares of Mohawk Industries in a research note on Monday, December 8th. Wolfe Research downgraded shares of Mohawk Industries from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Finally, Robert W. Baird set a $156.00 price target on Mohawk Industries in a report on Tuesday, February 17th. One 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 given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $137.64.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 5,658 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $105.19, for a total transaction of $595,165.02. Following the completion of the transaction, the insider directly owned 61,935 shares of the company’s stock, valued at $6,514,942.65. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 13,200 shares of company stock worth $1,426,876 over the last three months. Corporate insiders own 17.40% of the company’s stock.

Mohawk Industries Stock Performance

NYSE:MHK opened at $102.47 on Monday. The firm’s fifty day moving average price is $121.10 and its 200 day moving average price is $119.93. Mohawk Industries, Inc. has a 1-year low of $96.24 and a 1-year high of $143.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.19 and a quick ratio of 1.21. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19.

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

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.