Versor Investments LP Takes Position in Mohawk Industries, Inc. $MHK

Versor Investments LP purchased a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 2,290 shares of the company’s stock, valued at approximately $240,000.

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

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $106.71 on Friday. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $126.68 and a two-hundred day simple moving average of $116.28. Mohawk Industries, Inc. has a 1-year low of $96.24 and a 1-year high of $148.57. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31.

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 firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.90 EPS. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. Analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Insider Buying and Selling at Mohawk Industries

In other news, VP Rodney David Patton sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $128.05, for a total value of $89,635.00. Following the sale, the vice president owned 17,804 shares of the company’s stock, valued at $2,279,802.20. The trade was a 3.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Suzanne L. Helen sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $110.36, for a total transaction of $99,324.00. Following the sale, the insider owned 84,128 shares in the company, valued at $9,284,366.08. The trade was a 1.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,656 shares of company stock valued at $2,275,706 over the last three months. 17.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on MHK. JPMorgan Chase & Co. lifted their target price on shares of Mohawk Industries from $139.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Barclays dropped their price target on Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating on the stock in a report on Monday, October 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mohawk Industries in a research report on Friday, October 31st. Evercore ISI set a $124.00 target price on Mohawk Industries in a research report on Monday, October 27th. Finally, Vertical Research began coverage on Mohawk Industries in a research note on Monday, October 20th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.46.

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.