Boothbay Fund Management LLC Has $6.38 Million Holdings in Mohawk Industries, Inc. $MHK

Boothbay Fund Management LLC grew its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 179.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,483 shares of the company’s stock after acquiring an additional 31,804 shares during the quarter. Boothbay Fund Management LLC owned 0.08% of Mohawk Industries worth $6,379,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 1,042 shares of Mohawk Industries stock in a transaction that occurred 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 completion of the transaction, the insider owned 60,893 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 13,200 shares of company stock worth $1,426,876 over the last three months. Company insiders own 17.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on MHK. Barclays set a $121.00 target price on shares of Mohawk Industries in a research note on Monday, December 8th. Royal Bank Of Canada boosted their price target on Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Wolfe Research cut Mohawk Industries from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Evercore set a $143.00 price objective on Mohawk Industries in a research report on Tuesday, February 17th. Finally, Wall Street Zen raised Mohawk Industries from a “hold” rating to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $137.64.

Mohawk Industries Stock Down 0.5%

MHK opened at $102.47 on Monday. The firm’s 50-day simple moving average is $121.10 and its 200-day simple moving average is $119.93. 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, Inc. has a twelve month low of $96.24 and a twelve month high of $143.13. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 1.63 and a beta of 1.19.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, February 12th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.02. The firm 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%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $1.95 EPS. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. Equities research analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

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.