5,339 Shares in Mohawk Industries, Inc. $MHK Acquired by Profund Advisors LLC

Profund Advisors LLC bought a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 5,339 shares of the company’s stock, valued at approximately $584,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Root Financial Partners LLC bought a new position in shares of Mohawk Industries during the 3rd quarter worth approximately $25,000. Bayforest Capital Ltd bought a new position in shares of Mohawk Industries during the 4th quarter worth approximately $27,000. Salomon & Ludwin LLC bought a new position in shares of Mohawk Industries during the 4th quarter worth approximately $43,000. Danske Bank A S bought a new position in shares of Mohawk Industries during the 3rd quarter worth approximately $52,000. Finally, Advisory Services Network LLC bought a new position in shares of Mohawk Industries during the 3rd quarter worth approximately $64,000. Institutional investors own 78.98% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Robert W. Baird cut their price objective on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Royal Bank Of Canada lifted their price objective on Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. Truist Financial cut their price objective on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Finally, UBS Group reiterated a “neutral” rating and issued a $140.00 price objective on shares of Mohawk Industries in a research report on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $123.33.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 3,000 shares of Mohawk Industries stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $97.80, for a total value of $293,400.00. Following the completion of the sale, the insider directly owned 53,893 shares of the company’s stock, valued at approximately $5,270,735.40. This trade represents a 5.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 12,000 shares of company stock valued at $1,246,336. 17.90% of the stock is currently owned by company insiders.

Mohawk Industries Trading Up 0.2%

Shares of MHK opened at $102.55 on Friday. The stock has a fifty day moving average price of $101.73 and a two-hundred day moving average price of $111.08. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 2.51 and a beta of 1.20. Mohawk Industries, Inc. has a 52-week low of $92.99 and a 52-week high of $143.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.80 by $0.10. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Analysts predict that Mohawk Industries, Inc. will post 8.78 EPS for the current fiscal year.

About Mohawk Industries

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.