Mohawk Industries, Inc. $MHK Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its stake in Mohawk Industries, Inc. (NYSE:MHK) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,829,830 shares of the company’s stock after buying an additional 9,516 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Mohawk Industries were worth $235,902,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its position in shares of Mohawk Industries by 7.4% in the 2nd quarter. Invesco Ltd. now owns 1,957,197 shares of the company’s stock worth $205,192,000 after purchasing an additional 135,246 shares during the last quarter. State Street Corp grew its stake in 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 purchasing an additional 39,556 shares in the last quarter. Geode Capital Management LLC increased its holdings in Mohawk Industries by 0.3% in the second quarter. Geode Capital Management LLC now owns 1,358,212 shares of the company’s stock valued at $142,124,000 after buying an additional 4,085 shares during the last quarter. Pzena Investment Management LLC raised its stake in Mohawk Industries by 5.4% during the second quarter. Pzena Investment Management LLC now owns 1,175,775 shares of the company’s stock valued at $123,268,000 after buying an additional 59,831 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Mohawk Industries by 9.4% during the 2nd quarter. American Century Companies Inc. now owns 1,096,223 shares of the company’s stock worth $114,928,000 after buying an additional 94,373 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MHK. Barclays set a $121.00 price target on Mohawk Industries in a report on Monday, December 8th. Evercore ISI lowered their target price on shares of Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a research note on Wednesday, November 19th. Vertical Research initiated coverage on shares of Mohawk Industries in a research report on Monday, October 20th. They issued a “buy” rating on the stock. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $150.00 price target (up from $140.00) on shares of Mohawk Industries in a report on Tuesday, October 21st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Mohawk Industries presently has an average rating of “Moderate Buy” and an average price target of $133.83.

Mohawk Industries Price Performance

Shares of NYSE:MHK opened at $122.78 on Tuesday. The firm’s 50 day moving average is $111.68 and its two-hundred day moving average is $119.18. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $143.13. The firm has a market capitalization of $7.59 billion, a P/E ratio of 18.27, a PEG ratio of 2.17 and a beta of 1.22. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21.

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

Insider Activity

In other news, insider Suzanne L. Helen sold 3,500 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $110.36, for a total transaction of $386,260.00. Following the transaction, the insider directly owned 70,593 shares of the company’s stock, valued at approximately $7,790,643.48. This trade represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 17,600 shares of company stock valued at $1,945,754 over the last ninety days. Corporate insiders own 17.40% of the company’s stock.

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.