Heartland Advisors Inc. Sells 7,919 Shares of Mohawk Industries, Inc. $MHK

Heartland Advisors Inc. decreased its position in Mohawk Industries, Inc. (NYSE:MHK) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 174,361 shares of the company’s stock after selling 7,919 shares during the quarter. Mohawk Industries makes up 1.0% of Heartland Advisors Inc.’s investment portfolio, making the stock its 16th largest position. Heartland Advisors Inc. owned 0.28% of Mohawk Industries worth $19,058,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Brandes Investment Partners LP increased its position in shares of Mohawk Industries by 20.4% in the fourth quarter. Brandes Investment Partners LP now owns 1,102,574 shares of the company’s stock valued at $120,513,000 after acquiring an additional 186,649 shares during the period. Cerity Partners LLC increased its position in shares of Mohawk Industries by 8.9% in the fourth quarter. Cerity Partners LLC now owns 46,675 shares of the company’s stock valued at $5,102,000 after acquiring an additional 3,830 shares during the period. LPL Financial LLC increased its position in shares of Mohawk Industries by 17.4% in the fourth quarter. LPL Financial LLC now owns 10,346 shares of the company’s stock valued at $1,131,000 after acquiring an additional 1,530 shares during the period. CenterBook Partners LP increased its position in shares of Mohawk Industries by 36.8% in the fourth quarter. CenterBook Partners LP now owns 16,271 shares of the company’s stock valued at $1,778,000 after acquiring an additional 4,373 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Mohawk Industries by 88.4% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,295 shares of the company’s stock valued at $469,000 after acquiring an additional 2,015 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Truist Financial decreased their price objective on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Bank of America reiterated a “neutral” rating and set a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. Zacks Research cut shares of Mohawk Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. reduced their price target on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $123.33.

Insider Activity at Mohawk Industries

In other news, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $105.53, for a total value of $527,650.00. Following the transaction, the chief executive officer owned 25,000 shares in the company, valued at approximately $2,638,250. This represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Suzanne L. Helen sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $97.80, for a total transaction of $293,400.00. Following the completion of the transaction, the insider owned 53,893 shares in the company, valued at approximately $5,270,735.40. This represents a 5.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 12,844 shares of company stock worth $1,328,128. Insiders own 17.90% of the company’s stock.

Mohawk Industries Trading Down 4.5%

NYSE:MHK opened at $102.05 on Thursday. The company’s 50-day simple moving average is $102.88 and its 200 day simple moving average is $110.86. The firm has a market capitalization of $6.22 billion, a P/E ratio of 15.30, a PEG ratio of 2.65 and a beta of 1.20. Mohawk Industries, Inc. has a one year low of $92.99 and a one 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.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.10. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. As a group, analysts forecast that Mohawk Industries, Inc. will post 8.67 EPS for the current fiscal year.

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.