Pzena Investment Management LLC Cuts Stock Holdings in Mohawk Industries, Inc. $MHK

Pzena Investment Management LLC cut its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 2.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,152,814 shares of the company’s stock after selling 33,586 shares during the quarter. Pzena Investment Management LLC’s holdings in Mohawk Industries were worth $113,506,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bayforest Capital Ltd purchased a new stake in Mohawk Industries during the fourth quarter valued at about $27,000. Global Retirement Partners LLC raised its holdings in shares of Mohawk Industries by 950.0% in the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after purchasing an additional 228 shares during the period. Transamerica Financial Advisors LLC raised its holdings in shares of Mohawk Industries by 216.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after purchasing an additional 188 shares during the period. SJS Investment Consulting Inc. lifted its stake in shares of Mohawk Industries by 105.7% in the 1st quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock valued at $32,000 after purchasing an additional 166 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in shares of Mohawk Industries in the 4th quarter valued at about $43,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Price Performance

MHK stock opened at $120.04 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13. The firm has a market cap of $7.32 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 3.00 and a beta of 1.18. The stock has a 50-day simple moving average of $106.58 and a 200-day simple moving average of $111.02.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.80 by $0.10. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.74 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The company’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the business posted $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, equities analysts predict that Mohawk Industries, Inc. will post 8.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on MHK. Zacks Research raised shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Bank of America reaffirmed a “neutral” rating and set a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Robert W. Baird dropped their price objective on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Finally, Truist Financial cut their target price on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mohawk Industries presently has an average rating of “Hold” and an average target price of $123.33.

Insider Buying and Selling

In other news, insider Suzanne L. Helen sold 16,600 shares of Mohawk Industries stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the sale, the insider owned 14,132 shares in the company, valued at $1,596,492.04. This trade represents a 54.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $112.08, for a total transaction of $504,360.00. Following the transaction, the chief executive officer directly owned 20,000 shares in the company, valued at approximately $2,241,600. The trade was a 18.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 40,186 shares of company stock worth $4,460,321 in the last quarter. Insiders own 17.90% of the company’s stock.

Mohawk Industries 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.