Mohawk Industries, Inc. $MHK Stock Position Boosted by Pzena Investment Management LLC

Pzena Investment Management LLC boosted its stake in Mohawk Industries, Inc. (NYSE:MHK) by 0.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,186,400 shares of the company’s stock after buying an additional 7,332 shares during the period. Pzena Investment Management LLC owned 1.92% of Mohawk Industries worth $129,674,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Mohawk Industries in the 3rd quarter valued at about $20,054,000. Wilsey Asset Management Inc. lifted its holdings in Mohawk Industries by 11.5% in the 4th quarter. Wilsey Asset Management Inc. now owns 237,869 shares of the company’s stock valued at $25,999,000 after acquiring an additional 24,621 shares during the last quarter. Schroder Investment Management Group lifted its holdings in Mohawk Industries by 3.4% in the 3rd quarter. Schroder Investment Management Group now owns 837,556 shares of the company’s stock valued at $107,978,000 after acquiring an additional 27,888 shares during the last quarter. ARGA Investment Management LP lifted its holdings in Mohawk Industries by 1,508.1% in the 3rd quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock valued at $63,008,000 after acquiring an additional 458,349 shares during the last quarter. Finally, Tabor Asset Management LP lifted its holdings in Mohawk Industries by 35.5% in the 3rd quarter. Tabor Asset Management LP now owns 69,068 shares of the company’s stock valued at $8,904,000 after acquiring an additional 18,088 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 5,658 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $105.19, for a total value of $595,165.02. Following the transaction, the insider owned 61,935 shares in the company, valued at $6,514,942.65. This represents a 8.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 12,000 shares of company stock valued at $1,246,336. 17.90% of the stock is owned by corporate insiders.

Mohawk Industries Price Performance

Shares of MHK opened at $102.47 on Friday. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 2.46 and a beta of 1.20. Mohawk Industries, Inc. has a fifty-two week low of $92.99 and a fifty-two week 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 50-day moving average is $101.81 and its 200-day moving average is $111.14.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Robert W. Baird cut their price target on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $109.00 price target on shares of Mohawk Industries in a report on Tuesday, May 5th. Truist Financial cut their price target on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Wells Fargo & Company cut their price target on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Finally, Evercore set a $110.00 price target on shares of Mohawk Industries in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Mohawk Industries currently has an average rating of “Hold” and a consensus target price of $123.33.

Mohawk Industries 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.