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

Hsbc Holdings PLC reduced its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 29.8% in the second quarter, Holdings Channel.com reports. The fund owned 61,849 shares of the company’s stock after selling 26,213 shares during the quarter. Hsbc Holdings PLC’s holdings in Mohawk Industries were worth $7,370,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of Mohawk Industries by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock worth $39,369,000 after purchasing an additional 42,655 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Mohawk Industries by 0.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock worth $22,148,000 after buying an additional 1,175 shares during the period. Acadian Asset Management LLC purchased a new position in Mohawk Industries in the 1st quarter worth about $149,000. Creative Planning lifted its holdings in Mohawk Industries by 10.2% during the 2nd quarter. Creative Planning now owns 3,730 shares of the company’s stock valued at $391,000 after buying an additional 346 shares in the last quarter. Finally, CW Advisors LLC purchased a new stake in Mohawk Industries in the 2nd quarter valued at about $280,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MHK. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $121.00 target price on shares of Mohawk Industries in a research note on Tuesday, August 4th. Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Royal Bank Of Canada raised their price objective on Mohawk Industries from $117.00 to $130.00 and gave the stock a “sector perform” rating in a report on Monday, August 3rd. Wells Fargo & Company lifted their target price on Mohawk Industries from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings upgraded Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $130.50.

Insider Buying and Selling

In other Mohawk Industries news, Director Bernard Thiers sold 13,393 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $134.98, for a total transaction of $1,807,787.14. Following the transaction, the director owned 93,633 shares in the company, valued at approximately $12,638,582.34. This represents a 12.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 53,314 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $131.57, for a total value of $7,014,522.98. Following the completion of the transaction, the chief executive officer directly owned 10,000 shares in the company, valued at approximately $1,315,700. The trade was a 84.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 113,038 shares of company stock worth $14,303,491 in the last ninety days. 17.90% of the stock is owned by insiders.

Mohawk Industries Stock Down 1.2%

Mohawk Industries stock opened at $128.11 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. The firm has a market cap of $8.68 billion, a P/E ratio of 16.97, a P/E/G ratio of 1.87 and a beta of 1.18. The business has a fifty day moving average of $124.45 and a two-hundred day moving average of $112.83. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $140.30.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $1.09. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.79 billion. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The business’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, analysts forecast that Mohawk Industries, Inc. will post 9.9 earnings per share 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.