LSV Asset Management Has $12.77 Million Stock Holdings in Mohawk Industries, Inc. $MHK

LSV Asset Management decreased its position in Mohawk Industries, Inc. (NYSE:MHK) by 2.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 121,800 shares of the company’s stock after selling 3,600 shares during the period. LSV Asset Management owned approximately 0.20% of Mohawk Industries worth $12,770,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Cerity Partners LLC lifted its holdings in Mohawk Industries by 133.4% during the first quarter. Cerity Partners LLC now owns 6,068 shares of the company’s stock worth $693,000 after acquiring an additional 3,468 shares in the last quarter. CWM LLC lifted its holdings in shares of Mohawk Industries by 52.3% during the 1st quarter. CWM LLC now owns 5,501 shares of the company’s stock valued at $628,000 after purchasing an additional 1,889 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of Mohawk Industries by 3.2% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 4,006 shares of the company’s stock valued at $457,000 after purchasing an additional 126 shares during the period. Venturi Wealth Management LLC grew its position in shares of Mohawk Industries by 4.7% in the 1st quarter. Venturi Wealth Management LLC now owns 2,899 shares of the company’s stock valued at $331,000 after purchasing an additional 131 shares during the period. Finally, Convergence Investment Partners LLC bought a new stake in Mohawk Industries during the 1st quarter worth approximately $199,000. Institutional investors own 78.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MHK. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $123.00 price target (up previously from $119.00) on shares of Mohawk Industries in a research note on Monday, July 28th. Vertical Research initiated coverage on shares of Mohawk Industries in a research report on Monday, October 20th. They issued a “buy” rating on the stock. Barclays reduced their target price on shares of Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating for the company in a research note on Monday, October 27th. Robert W. Baird lifted their price target 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, Evercore ISI reduced their price objective on Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.00.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 2,200 shares of the company’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 sale, the insider owned 85,493 shares in the company, valued at $11,728,784.67. This represents a 2.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Over the last quarter, insiders sold 7,206 shares of company stock worth $900,089. 17.40% of the stock is owned by insiders.

Mohawk Industries Trading Up 0.4%

Shares of NYSE:MHK opened at $104.53 on Thursday. The company’s 50-day moving average price is $121.69 and its two-hundred day moving average price is $116.44. Mohawk Industries, Inc. has a one year low of $96.24 and a one year high of $146.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 1.24. The stock has a market capitalization of $6.46 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $2.67 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.01). Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the business earned $2.90 EPS. Mohawk Industries’s revenue was up 1.4% on a year-over-year basis. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, equities analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal 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.