Hound Partners LLC Buys 46,461 Shares of Mohawk Industries, Inc. $MHK

Hound Partners LLC increased its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 82.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,094 shares of the company’s stock after acquiring an additional 46,461 shares during the period. Mohawk Industries comprises 1.5% of Hound Partners LLC’s holdings, making the stock its 21st largest holding. Hound Partners LLC owned approximately 0.17% of Mohawk Industries worth $10,808,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Mohawk Industries by 7.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,964,190 shares of the company’s stock valued at $338,444,000 after purchasing an additional 213,429 shares during the last quarter. Invesco Ltd. raised its stake in Mohawk Industries by 7.4% during the second quarter. Invesco Ltd. now owns 1,957,197 shares of the company’s stock worth $205,192,000 after acquiring an additional 135,246 shares in the last quarter. State Street Corp lifted its holdings in shares of Mohawk Industries by 2.1% in the second quarter. State Street Corp now owns 1,915,831 shares of the company’s stock worth $200,856,000 after acquiring an additional 39,556 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Mohawk Industries by 28.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,820,314 shares of the company’s stock valued at $190,842,000 after purchasing an additional 398,349 shares in the last quarter. Finally, Ariel Investments LLC increased its position in Mohawk Industries by 3.4% during the 1st quarter. Ariel Investments LLC now owns 1,743,574 shares of the company’s stock worth $199,081,000 after purchasing an additional 57,391 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Trading Down 0.1%

NYSE MHK opened at $112.50 on Friday. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $143.13. The business has a fifty day simple moving average of $115.23 and a 200 day simple moving average of $117.17. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $6.95 billion, a P/E ratio of 16.74, a PEG ratio of 2.29 and a beta of 1.23.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $2.67 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.01). Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the business posted $2.90 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Analysts Set New Price Targets

MHK has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday, October 31st. Barclays set a $121.00 price target on Mohawk Industries in a report on Monday. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Wells Fargo & Company reduced their target price on Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating on the stock in a report on Thursday, December 4th. Finally, Evercore ISI lowered their price target on shares of Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Mohawk Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.54.

Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 2,500 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $109.54, for a total transaction of $273,850.00. Following the completion of the transaction, the insider owned 79,878 shares in the company, valued at approximately $8,749,836.12. This represents a 3.03% 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 link. Over the last quarter, insiders have sold 9,400 shares of company stock valued at $1,043,794. 17.40% of the stock is currently owned by insiders.

Mohawk Industries Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.