Heartland Advisors Inc. Sells 7,919 Shares of Mohawk Industries, Inc. $MHK

Heartland Advisors Inc. decreased its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,361 shares of the company’s stock after selling 7,919 shares during the period. Mohawk Industries comprises 1.0% of Heartland Advisors Inc.’s portfolio, making the stock its 16th largest holding. Heartland Advisors Inc.’s holdings in Mohawk Industries were worth $19,058,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brandes Investment Partners LP lifted its position in Mohawk Industries by 20.4% during the fourth quarter. Brandes Investment Partners LP now owns 1,102,574 shares of the company’s stock valued at $120,513,000 after purchasing an additional 186,649 shares during the period. Cerity Partners LLC lifted its position in Mohawk Industries by 8.9% during the fourth quarter. Cerity Partners LLC now owns 46,675 shares of the company’s stock valued at $5,102,000 after purchasing an additional 3,830 shares during the period. LPL Financial LLC lifted its position in Mohawk Industries by 17.4% during the fourth quarter. LPL Financial LLC now owns 10,346 shares of the company’s stock valued at $1,131,000 after purchasing an additional 1,530 shares during the period. CenterBook Partners LP lifted its position in Mohawk Industries by 36.8% during the fourth quarter. CenterBook Partners LP now owns 16,271 shares of the company’s stock valued at $1,778,000 after purchasing an additional 4,373 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its position in Mohawk Industries by 88.4% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,295 shares of the company’s stock valued at $469,000 after purchasing an additional 2,015 shares during the period. Institutional investors own 78.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MHK shares. Robert W. Baird lowered their price objective on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Truist Financial reduced their target price on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Wells Fargo & Company reduced their target price on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Bank of America reaffirmed a “neutral” rating and set a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. Finally, Zacks Research cut shares of Mohawk Industries from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $123.33.

Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $97.80, for a total transaction of $293,400.00. Following the completion of the transaction, the insider directly owned 53,893 shares of the company’s stock, valued at approximately $5,270,735.40. This trade represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $105.53, for a total transaction of $527,650.00. Following the transaction, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at $2,638,250. The trade was a 16.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,844 shares of company stock valued at $1,328,128 over the last ninety days. 17.90% of the stock is currently owned by corporate insiders.

Mohawk Industries Stock Performance

Shares of NYSE MHK opened at $102.05 on Thursday. The firm has a fifty day moving average price of $102.88 and a 200-day moving average price of $110.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23. The stock has a market cap of $6.22 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 2.65 and a beta of 1.20. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Equities analysts anticipate that Mohawk Industries, Inc. will post 8.67 earnings per share for the current fiscal year.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.

The company’s product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.