Apollon Wealth Management LLC Acquires New Holdings in Mohawk Industries, Inc. $MHK

Apollon Wealth Management LLC acquired a new position in Mohawk Industries, Inc. (NYSE:MHK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,182 shares of the company’s stock, valued at approximately $229,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. raised its position in shares of Mohawk Industries by 326.3% in the 1st quarter. Federated Hermes Inc. now owns 243 shares of the company’s stock worth $28,000 after acquiring an additional 186 shares in the last quarter. Brooklyn Investment Group grew its stake in Mohawk Industries by 2,506.3% in the first quarter. Brooklyn Investment Group now owns 417 shares of the company’s stock valued at $48,000 after purchasing an additional 401 shares during the last quarter. Resona Asset Management Co. Ltd. raised its holdings in Mohawk Industries by 40.6% in the first quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company’s stock worth $55,000 after purchasing an additional 139 shares in the last quarter. Allworth Financial LP raised its holdings in Mohawk Industries by 36.2% in the first quarter. Allworth Financial LP now owns 595 shares of the company’s stock worth $65,000 after purchasing an additional 158 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Mohawk Industries during the first quarter valued at about $149,000. Institutional investors own 78.98% of the company’s stock.

Insider Transactions at Mohawk Industries

In other news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the company’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $120.81, for a total value of $1,932,960.00. Following the sale, the chief executive officer directly owned 33,600 shares of the company’s stock, valued at $4,059,216. This represents a 32.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bernard Thiers sold 10,000 shares of the stock in a transaction 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 completion of the sale, the director owned 105,532 shares in the company, valued at $13,530,257.72. The trade was a 8.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,791 shares of company stock worth $4,357,225 in the last ninety days. Corporate insiders own 17.40% of the company’s stock.

Mohawk Industries Stock Performance

Shares of MHK stock opened at $127.44 on Friday. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 3.82 and a beta of 1.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.13 and a quick ratio of 1.18. The business has a fifty day moving average of $129.50 and a 200 day moving average of $114.85. Mohawk Industries, Inc. has a 1 year low of $96.24 and a 1 year high of $164.29.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, July 24th. The company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.15. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.76 billion. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.00 EPS. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. As a group, research analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Mohawk Industries from $130.00 to $142.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mohawk Industries in a report on Wednesday, October 8th. Evercore ISI decreased their price objective on Mohawk Industries from $124.00 to $123.00 and set an “in-line” rating for the company in a report on Monday, July 28th. Barclays raised their price objective on Mohawk Industries from $111.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Finally, Wells Fargo & Company upped their target price on Mohawk Industries from $120.00 to $140.00 and gave the company an “equal weight” rating in a research report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Mohawk Industries has an average rating of “Moderate Buy” and a consensus price target of $140.54.

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.