Brighton Jones LLC Takes Position in Mohawk Industries, Inc. $MHK

Brighton Jones LLC acquired a new position in Mohawk Industries, Inc. (NYSE:MHK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,083 shares of the company’s stock, valued at approximately $323,000.

Several other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Mohawk Industries by 12.8% in the first quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company’s stock valued at $414,017,000 after acquiring an additional 410,388 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Mohawk Industries by 7.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,964,190 shares of the company’s stock worth $338,444,000 after purchasing an additional 213,429 shares during the last quarter. Invesco Ltd. boosted its position in Mohawk Industries by 5.6% in the first quarter. Invesco Ltd. now owns 1,821,951 shares of the company’s stock worth $208,030,000 after purchasing an additional 96,568 shares during the last quarter. Ariel Investments LLC grew its stake in Mohawk Industries by 3.4% in the 1st quarter. Ariel Investments LLC now owns 1,743,574 shares of the company’s stock valued at $199,081,000 after purchasing an additional 57,391 shares during the period. Finally, Select Equity Group L.P. increased its position in shares of Mohawk Industries by 3.4% during the 1st quarter. Select Equity Group L.P. now owns 1,547,651 shares of the company’s stock valued at $176,711,000 after purchasing an additional 50,232 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.

Insider Activity

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,200 shares of Mohawk Industries stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $137.19, for a total value of $301,818.00. Following the transaction, the insider directly owned 85,493 shares of the company’s stock, valued at $11,728,784.67. The trade was a 2.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Rodney David Patton sold 700 shares of Mohawk Industries stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $128.05, for a total transaction of $89,635.00. Following the completion of the transaction, the vice president directly 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 SEC filing for this sale provides additional information. In the last quarter, insiders sold 16,291 shares of company stock valued at $2,122,765. Insiders own 17.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MHK shares. Raymond James Financial restated a “strong-buy” rating and set a $150.00 price target (up previously from $140.00) on shares of Mohawk Industries in a research note on Tuesday, October 21st. 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 report on Monday, July 28th. Evercore ISI set a $124.00 target price on Mohawk Industries in a research note on Monday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $123.00 price target (up previously from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. Finally, JPMorgan Chase & Co. lifted their price objective on Mohawk Industries from $139.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. One research 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 stock. According to MarketBeat.com, Mohawk Industries has a consensus rating of “Moderate Buy” and a consensus target price of $138.46.

Mohawk Industries Stock Performance

NYSE:MHK opened at $115.54 on Friday. The stock has a market cap of $7.14 billion, a P/E ratio of 17.19, a PEG ratio of 2.38 and a beta of 1.29. The company has a quick ratio of 1.24, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The business’s 50-day moving average price is $128.86 and its two-hundred day moving average price is $116.01. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $148.57.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $2.67 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.01). The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.73 billion. Mohawk Industries had a return on equity of 6.97% and a net margin of 3.93%.Mohawk Industries’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.90 EPS. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. As a group, equities analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Mohawk Industries 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.