Hsbc Holdings PLC Grows Stock Holdings in Mohawk Industries, Inc. $MHK

Hsbc Holdings PLC increased its stake in Mohawk Industries, Inc. (NYSE:MHK) by 217.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 88,062 shares of the company’s stock after buying an additional 60,296 shares during the quarter. Hsbc Holdings PLC’s holdings in Mohawk Industries were worth $8,627,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bayforest Capital Ltd purchased a new position in Mohawk Industries during the fourth quarter valued at $27,000. Global Retirement Partners LLC grew its stake in shares of Mohawk Industries by 950.0% in the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after acquiring an additional 228 shares during the last quarter. Transamerica Financial Advisors LLC grew its stake in shares of Mohawk Industries by 216.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after acquiring an additional 188 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of Mohawk Industries by 105.7% during the first quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock valued at $32,000 after acquiring an additional 166 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new position in shares of Mohawk Industries in the 4th quarter worth about $43,000. Institutional investors own 78.98% of the company’s stock.

Insider Transactions at Mohawk Industries

In related news, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 20,000 shares in the company, valued at approximately $2,241,600. The trade was a 18.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Suzanne L. Helen sold 16,600 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the completion of the transaction, the insider owned 14,132 shares in the company, valued at $1,596,492.04. The trade was a 54.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 40,186 shares of company stock valued at $4,460,321. Corporate insiders own 17.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on MHK shares. Barclays increased their price objective on shares of Mohawk Industries from $96.00 to $109.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 14th. Zacks Research upgraded shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Deutsche Bank Aktiengesellschaft set a $109.00 price target on shares of Mohawk Industries in a research report on Tuesday, May 5th. Weiss Ratings cut Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. Finally, Robert W. Baird cut their target price on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $124.42.

Mohawk Industries Price Performance

NYSE MHK opened at $110.28 on Thursday. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 2.67 and a beta of 1.18. Mohawk Industries, Inc. has a 1-year low of $92.99 and a 1-year high of $143.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23. The business’s fifty day moving average price is $108.86 and its 200-day moving average price is $111.25.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.90 EPS for the quarter, topping 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 analyst estimates of $2.74 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. Mohawk Industries’s revenue was up 8.0% compared to the same quarter last year. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, equities analysts predict that Mohawk Industries, Inc. will post 8.71 earnings per share for the current 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.