Savant Capital LLC Buys 4,444 Shares of Mohawk Industries, Inc. $MHK

Savant Capital LLC raised its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 6.3% during the second quarter, HoldingsChannel reports. The firm owned 75,514 shares of the company’s stock after buying an additional 4,444 shares during the quarter. Savant Capital LLC’s holdings in Mohawk Industries were worth $7,917,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MHK. Alyeska Investment Group L.P. raised its holdings in Mohawk Industries by 436.4% during the 1st quarter. Alyeska Investment Group L.P. now owns 756,030 shares of the company’s stock valued at $86,324,000 after buying an additional 615,095 shares during the period. Sound Shore Management Inc. CT purchased a new stake in shares of Mohawk Industries in the first quarter valued at $61,159,000. JPMorgan Chase & Co. lifted its holdings in shares of 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 acquiring an additional 410,388 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Mohawk Industries by 677.6% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 380,770 shares of the company’s stock worth $43,476,000 after acquiring an additional 331,800 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Mohawk Industries by 7.8% during the 1st 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 period. Institutional investors own 78.98% of the company’s stock.

Insider Buying and Selling at Mohawk Industries

In related news, 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 transaction, the vice president directly owned 17,804 shares of the company’s stock, valued at $2,279,802.20. This trade represents a 3.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Suzanne L. Helen sold 2,200 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $137.19, for a total transaction of $301,818.00. Following the completion of the transaction, the insider directly owned 85,493 shares of the company’s stock, valued at $11,728,784.67. This trade represents a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 17,656 shares of company stock valued at $2,275,706. Company insiders own 17.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wells Fargo & Company reissued a “neutral” rating and issued a $130.00 price objective on shares of Mohawk Industries in a research report on Monday, October 27th. Vertical Research started coverage on Mohawk Industries in a research note on Monday, October 20th. They set a “buy” rating for the company. Evercore ISI set a $124.00 price objective on Mohawk Industries in a research report on Monday, October 27th. Robert W. Baird increased their target price on Mohawk Industries from $130.00 to $142.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Mohawk Industries from $139.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. One 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’s stock. Based on data from MarketBeat.com, Mohawk Industries currently has an average rating of “Moderate Buy” and an average price target of $138.46.

Mohawk Industries Trading Up 1.6%

MHK opened at $108.56 on Friday. 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 stock’s fifty day moving average is $126.20 and its two-hundred day moving average is $116.34. The company has a market capitalization of $6.71 billion, a P/E ratio of 16.16, a PEG ratio of 2.38 and a beta of 1.31. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $148.57.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $2.67 earnings per share (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 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% compared to the same quarter last year. During the same period in the previous year, the company posted $2.90 EPS. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. Analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current 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.