19,139 Shares in Mohawk Industries, Inc. $MHK Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 19,139 shares of the company’s stock, valued at approximately $2,007,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in Mohawk Industries by 12.8% during the first quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company’s stock worth $414,017,000 after acquiring an additional 410,388 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Mohawk Industries by 7.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,964,190 shares of the company’s stock worth $338,444,000 after acquiring an additional 213,429 shares in the last quarter. Invesco Ltd. raised its holdings in Mohawk Industries by 5.6% during the first quarter. Invesco Ltd. now owns 1,821,951 shares of the company’s stock worth $208,030,000 after acquiring an additional 96,568 shares in the last quarter. Ariel Investments LLC raised its holdings in Mohawk Industries by 3.4% during the first quarter. Ariel Investments LLC now owns 1,743,574 shares of the company’s stock worth $199,081,000 after acquiring an additional 57,391 shares in the last quarter. Finally, Select Equity Group L.P. raised its holdings in Mohawk Industries by 3.4% during the first quarter. Select Equity Group L.P. now owns 1,547,651 shares of the company’s stock worth $176,711,000 after acquiring an additional 50,232 shares in the last quarter. Institutional investors own 78.98% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MHK shares. Wells Fargo & Company reiterated a “neutral” rating and set a $130.00 target price on shares of Mohawk Industries in a report on Monday. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday. Raymond James Financial restated a “strong-buy” rating and issued a $150.00 price objective (up previously from $140.00) on shares of Mohawk Industries in a research note on Tuesday, October 21st. Evercore ISI set a $124.00 price objective on Mohawk Industries in a research note on Monday. Finally, JPMorgan Chase & Co. upped their price objective on Mohawk Industries from $139.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.46.

Insider Transactions at Mohawk Industries

In other news, Director Bernard Thiers sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $128.21, for a total transaction of $1,282,100.00. Following the transaction, the director owned 105,532 shares in the company, valued at approximately $13,530,257.72. This trade represents a 8.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Suzanne L. Helen sold 2,200 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $137.19, for a total value of $301,818.00. Following the transaction, the insider owned 85,493 shares in the company, valued at approximately $11,728,784.67. This trade represents a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 16,491 shares of company stock worth $2,146,225. Company insiders own 17.40% of the company’s stock.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $113.56 on Friday. The firm has a market cap of $7.02 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 2.38 and a beta of 1.29. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a 1-year low of $96.24 and a 1-year high of $148.57. The business’s 50 day moving average is $128.47 and its 200-day moving average is $116.08.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, October 23rd. The company reported $2.67 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.01). The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.73 billion. Mohawk Industries had a return on equity of 6.97% and a net margin of 3.93%.Mohawk Industries’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $2.90 EPS. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. Equities research analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

About Mohawk Industries

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.