Autumn Glory Partners LLC Acquires New Shares in Mohawk Industries, Inc. $MHK

Autumn Glory Partners LLC acquired a new stake in Mohawk Industries, Inc. (NYSE:MHK) in the 2nd quarter, Holdings Channel reports. The firm acquired 2,530 shares of the company’s stock, valued at approximately $265,000.

Several other hedge funds have also recently bought and sold shares of MHK. Federated Hermes Inc. increased its position in Mohawk Industries by 326.3% during the first quarter. Federated Hermes Inc. now owns 243 shares of the company’s stock worth $28,000 after buying an additional 186 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Mohawk Industries by 2,506.3% during the first quarter. Brooklyn Investment Group now owns 417 shares of the company’s stock valued at $48,000 after acquiring an additional 401 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its stake in shares of Mohawk Industries by 40.6% during the first quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company’s stock valued at $55,000 after acquiring an additional 139 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Mohawk Industries by 36.2% during the first quarter. Allworth Financial LP now owns 595 shares of the company’s stock valued at $65,000 after acquiring an additional 158 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Mohawk Industries during the first quarter valued at $149,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

Mohawk Industries Trading Down 0.2%

Shares of MHK opened at $129.14 on Monday. The stock’s 50-day moving average is $128.65 and its two-hundred day moving average is $114.28. The stock has a market cap of $8.02 billion, a PE ratio of 17.17, a P/E/G ratio of 2.81 and a beta of 1.29. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $164.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.13 and a quick ratio of 1.18.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, July 24th. The company reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $2.62 by $0.15. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.00 earnings per share. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. Equities analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP Rodney David Patton sold 700 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $128.05, for a total value of $89,635.00. Following the transaction, the vice president owned 17,804 shares in the company, valued at approximately $2,279,802.20. The trade was a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bernard Thiers sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $128.21, for a total value of $1,282,100.00. Following the completion of 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,791 shares of company stock worth $4,357,225. 17.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wells Fargo & Company increased their price objective on Mohawk Industries from $120.00 to $140.00 and gave the company an “equal weight” rating in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mohawk Industries in a research note on Saturday, September 27th. JPMorgan Chase & Co. increased 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. Robert W. Baird increased their price objective on Mohawk Industries from $130.00 to $142.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Finally, Barclays lifted their price objective on Mohawk Industries from $111.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Mohawk Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.93.

Mohawk Industries Company Profile

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.