Mohawk Industries, Inc. $MHK Shares Acquired by Legal & General Group Plc

Legal & General Group Plc grew its stake in Mohawk Industries, Inc. (NYSE:MHK) by 12.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,815 shares of the company’s stock after purchasing an additional 15,834 shares during the quarter. Legal & General Group Plc owned approximately 0.23% of Mohawk Industries worth $14,868,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. increased its holdings in shares of Mohawk Industries by 326.3% in the first quarter. Federated Hermes Inc. now owns 243 shares of the company’s stock valued at $28,000 after purchasing an additional 186 shares during the last quarter. MTM Investment Management LLC acquired a new position in Mohawk Industries in the 2nd quarter valued at about $28,000. Brooklyn Investment Group grew its stake in shares of Mohawk Industries by 2,506.3% in the 1st quarter. Brooklyn Investment Group now owns 417 shares of the company’s stock valued at $48,000 after buying an additional 401 shares during the period. Resona Asset Management Co. Ltd. increased its holdings in shares of Mohawk Industries by 40.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company’s stock worth $55,000 after buying an additional 139 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Mohawk Industries during the 1st quarter worth approximately $149,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,500 shares of Mohawk Industries stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $109.54, for a total value of $273,850.00. Following the transaction, the insider directly owned 79,878 shares of the company’s stock, valued at $8,749,836.12. The trade was a 3.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 9,541 shares of company stock valued at $1,140,653 in the last 90 days. Insiders own 17.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MHK. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a report on Friday, October 31st. Evercore ISI reduced their price objective on Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a research note on Wednesday, November 19th. Raymond James Financial reiterated a “strong-buy” rating and set a $150.00 target price (up previously from $140.00) on shares of Mohawk Industries in a research report on Tuesday, October 21st. Wells Fargo & Company restated a “neutral” rating and issued a $130.00 price target on shares of Mohawk Industries in a report on Monday, October 27th. Finally, Vertical Research initiated coverage on Mohawk Industries in a research note on Monday, October 20th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $138.00.

Mohawk Industries Trading Up 0.3%

Shares of MHK stock opened at $115.90 on Friday. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $143.13. The stock has a 50-day simple moving average of $118.49 and a 200 day simple moving average of $116.77. The stock has a market capitalization of $7.17 billion, a P/E ratio of 17.25, a P/E/G ratio of 2.38 and a beta of 1.31. The company has a quick ratio of 1.24, a current ratio of 2.25 and a debt-to-equity ratio of 0.21.

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