Lafayette Investments Inc. Boosts Stock Holdings in Mohawk Industries, Inc. $MHK

Lafayette Investments Inc. grew its position in Mohawk Industries, Inc. (NYSE:MHK) by 1.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,211 shares of the company’s stock after purchasing an additional 308 shares during the period. Lafayette Investments Inc.’s holdings in Mohawk Industries were worth $2,643,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in Mohawk Industries by 12.8% in the 1st quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company’s stock worth $414,017,000 after purchasing an additional 410,388 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Mohawk Industries by 7.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,964,190 shares of the company’s stock worth $338,444,000 after buying an additional 213,429 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Mohawk Industries by 5.6% in the first quarter. Invesco Ltd. now owns 1,821,951 shares of the company’s stock valued at $208,030,000 after acquiring an additional 96,568 shares in the last quarter. Ariel Investments LLC increased its position in shares of Mohawk Industries by 3.4% during the first quarter. Ariel Investments LLC now owns 1,743,574 shares of the company’s stock valued at $199,081,000 after acquiring an additional 57,391 shares during the last quarter. Finally, Select Equity Group L.P. lifted 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 during the period. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. 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. Evercore ISI reduced their price target on shares of Mohawk Industries from $124.00 to $123.00 and set an “in-line” rating for the company in a research report on Monday, July 28th. Vertical Research started coverage on shares of Mohawk Industries in a report on Monday. They set a “buy” rating for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Mohawk Industries in a research note on Wednesday, October 8th. Finally, Barclays raised their price target on shares of Mohawk Industries from $111.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight 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 an average target price of $140.54.

Mohawk Industries Price Performance

Shares of NYSE:MHK opened at $128.23 on Tuesday. The firm has a market capitalization of $7.97 billion, a PE ratio of 17.05, a P/E/G ratio of 3.82 and a beta of 1.29. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $129.67 and a two-hundred day moving average price of $115.05. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $164.29.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, July 24th. The company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.15. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.30%. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the prior year, the company posted $3.00 EPS. Mohawk Industries’s revenue was up .0% compared to the same quarter last year. 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 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $120.81, for a total transaction of $1,932,960.00. Following the completion of the transaction, the chief executive officer owned 33,600 shares of the company’s stock, valued at approximately $4,059,216. The trade was a 32.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Rodney David Patton sold 700 shares of Mohawk Industries stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $128.05, for a total transaction of $89,635.00. Following the sale, the vice president owned 17,804 shares of the company’s stock, valued at approximately $2,279,802.20. The trade was a 3.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,791 shares of company stock worth $4,357,225. Insiders own 17.40% of the company’s stock.

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.