IFP Advisors Inc Takes Position in Mohawk Industries, Inc. $MHK

IFP Advisors Inc purchased a new position in Mohawk Industries, Inc. (NYSE:MHK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,916 shares of the company’s stock, valued at approximately $1,149,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Root Financial Partners LLC bought a new position in shares of Mohawk Industries during the third quarter valued at $25,000. Quent Capital LLC bought a new position in Mohawk Industries in the 3rd quarter worth about $33,000. SJS Investment Consulting Inc. grew its position in Mohawk Industries by 5,385.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 384 shares of the company’s stock valued at $50,000 after purchasing an additional 377 shares during the last quarter. Danske Bank A S bought a new stake in Mohawk Industries during the 3rd quarter valued at about $52,000. Finally, Advisory Services Network LLC purchased a new position in Mohawk Industries in the third quarter worth about $64,000. Institutional investors own 78.98% of the company’s stock.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 3,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $97.80, for a total transaction of $293,400.00. Following the sale, the insider directly owned 53,893 shares of the company’s stock, valued at $5,270,735.40. This trade represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 12,000 shares of company stock valued at $1,246,336. Corporate insiders own 17.40% of the company’s stock.

Mohawk Industries Stock Down 2.3%

Shares of MHK stock opened at $96.01 on Monday. 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, Inc. has a 12 month low of $95.16 and a 12 month high of $143.13. The stock has a market cap of $5.90 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.53 and a beta of 1.19. The company has a 50 day simple moving average of $119.92 and a two-hundred day simple moving average of $118.84.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, February 12th. The company reported $2.00 earnings per share (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 firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period in the prior year, the company posted $1.95 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. On average, research analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of Mohawk Industries from $110.00 to $125.00 and gave the company a “cautious” rating in a report on Wednesday, February 11th. Truist Financial lifted their target price on Mohawk Industries from $148.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Evercore set a $143.00 price target on Mohawk Industries in a research note on Tuesday, February 17th. Wall Street Zen raised Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Finally, Robert W. Baird set a $156.00 price objective on Mohawk Industries in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Mohawk Industries presently has an average rating of “Hold” and a consensus target price of $137.64.

Mohawk Industries Company 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.