Campbell & CO Investment Adviser LLC Acquires Shares of 7,443 Mohawk Industries, Inc. $MHK

Campbell & CO Investment Adviser LLC bought a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,443 shares of the company’s stock, valued at approximately $780,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in shares of Mohawk Industries by 12.8% during 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 during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Mohawk Industries during the second quarter worth $337,000. Charles Schwab Investment Management Inc. grew its holdings in Mohawk Industries by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 540,197 shares of the company’s stock valued at $61,680,000 after buying an additional 5,939 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Mohawk Industries by 34.3% in the 1st quarter. Royal Bank of Canada now owns 91,119 shares of the company’s stock worth $10,404,000 after acquiring an additional 23,252 shares during the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of Mohawk Industries during the 1st quarter worth $312,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Suzanne L. Helen sold 2,200 shares of Mohawk Industries stock in a transaction on Friday, September 12th. The shares were 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 legal filing with the SEC, which is available through this link. Also, VP Rodney David Patton sold 700 shares of the 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 sale, the vice president owned 17,804 shares of the company’s stock, valued at approximately $2,279,802.20. This represents a 3.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,906 shares of company stock worth $2,409,994 in the last quarter. 17.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MHK has been the subject of several recent analyst reports. Barclays cut their price objective on shares of Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating for the company in a research report on Monday, October 27th. Robert W. Baird lifted their price target on shares of Mohawk Industries from $130.00 to $142.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Raymond James Financial reiterated a “strong-buy” rating and set a $150.00 price target (up from $140.00) on shares of Mohawk Industries in a report on Tuesday, October 21st. JPMorgan Chase & Co. raised their price target on Mohawk Industries from $139.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Mohawk Industries in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.46.

Mohawk Industries Price Performance

Mohawk Industries stock opened at $108.04 on Friday. The stock has a market cap of $6.68 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31. The company has a fifty day simple moving average of $124.30 and a 200-day simple moving average of $116.40. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a 12-month low of $96.24 and a 12-month high of $146.93.

Mohawk Industries (NYSE:MHK) last announced 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 business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Mohawk Industries had a return on equity of 6.97% and a net margin of 3.93%.The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $2.90 earnings per share. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. Equities analysts expect 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.