Geode Capital Management LLC Buys 4,085 Shares of Mohawk Industries, Inc. $MHK

Geode Capital Management LLC increased its stake in Mohawk Industries, Inc. (NYSE:MHK) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,358,212 shares of the company’s stock after purchasing an additional 4,085 shares during the period. Geode Capital Management LLC owned 2.19% of Mohawk Industries worth $142,124,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Mohawk Industries by 12.8% during 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 during the period. Sequoia Financial Advisors LLC acquired a new position in Mohawk Industries during the 2nd quarter valued at about $337,000. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 5,939 shares during the last quarter. Royal Bank of Canada grew its position in shares of Mohawk Industries by 34.3% during the 1st quarter. Royal Bank of Canada now owns 91,119 shares of the company’s stock worth $10,404,000 after buying an additional 23,252 shares during the period. Finally, Inspire Investing LLC bought a new stake in shares of Mohawk Industries during the first quarter worth approximately $312,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Barclays reduced their price objective on shares of Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Monday, October 27th. 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. Raymond James Financial reaffirmed a “strong-buy” rating and set a $150.00 price objective (up from $140.00) on shares of Mohawk Industries in a research note on Tuesday, October 21st. Robert W. Baird increased their target price on Mohawk Industries from $130.00 to $142.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Finally, Vertical Research began coverage on Mohawk Industries in a report on Monday, October 20th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, Mohawk Industries currently has a consensus rating of “Moderate Buy” and an average price target of $138.46.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $109.04, for a total transaction of $54,520.00. Following the sale, the insider directly owned 82,378 shares in the company, valued at approximately $8,982,497.12. This trade represents a 0.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 7,206 shares of company stock worth $900,089. 17.40% of the stock is currently owned by corporate insiders.

Mohawk Industries Stock Performance

Shares of Mohawk Industries stock opened at $104.05 on Wednesday. The stock’s fifty day simple moving average is $122.31 and its 200 day simple moving average is $116.52. 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 company has a market capitalization of $6.43 billion, a PE ratio of 15.48, a PEG ratio of 2.38 and a beta of 1.31. 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 the consensus estimate of $2.68 by ($0.01). The business 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%.The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.90 earnings per share. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, research analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

About Mohawk Industries

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.