Mohawk Industries, Inc. $MHK Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 67.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,766 shares of the company’s stock after selling 57,555 shares during the period. Hsbc Holdings PLC’s holdings in Mohawk Industries were worth $3,044,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MHK. Rexford Capital Inc. raised its holdings in shares of Mohawk Industries by 10.1% in the fourth quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock worth $119,000 after buying an additional 100 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Mohawk Industries by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock valued at $2,224,000 after buying an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Mohawk Industries by 7.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock valued at $171,000 after acquiring an additional 105 shares during the period. Signaturefd LLC increased its position in shares of Mohawk Industries by 20.7% in the 4th quarter. Signaturefd LLC now owns 671 shares of the company’s stock valued at $73,000 after acquiring an additional 115 shares during the period. Finally, Lakewood Asset Management LLC raised its stake in Mohawk Industries by 0.9% in the 4th quarter. Lakewood Asset Management LLC now owns 14,656 shares of the company’s stock worth $1,602,000 after acquiring an additional 124 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Stock Down 0.0%

Shares of MHK opened at $119.73 on Monday. Mohawk Industries, Inc. has a 52 week low of $92.99 and a 52 week high of $143.13. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 2.96 and a beta of 1.20. The stock’s 50-day moving average price is $105.77 and its 200-day moving average price is $110.81.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.10. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period last year, the business earned $1.52 earnings per share. Mohawk Industries’s quarterly revenue was up 8.0% on a year-over-year basis. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, sell-side analysts predict that Mohawk Industries, Inc. will post 8.71 EPS for the current year.

Insider Buying and Selling

In related news, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $112.08, for a total transaction of $504,360.00. Following the sale, the chief executive officer directly owned 20,000 shares of the company’s stock, valued at approximately $2,241,600. This represents a 18.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Suzanne L. Helen sold 16,600 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the sale, the insider owned 14,132 shares in the company, valued at approximately $1,596,492.04. This represents a 54.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,186 shares of company stock worth $4,460,321 in the last ninety days. Corporate insiders own 17.90% of the company’s stock.

Wall Street Analyst Weigh In

MHK has been the topic of several research analyst reports. Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Bank of America restated a “neutral” rating and issued a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. Truist Financial decreased their target price on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft set a $109.00 target price on Mohawk Industries in a research report on Tuesday, May 5th. Finally, Weiss Ratings downgraded shares of Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $123.33.

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.