Pzena Investment Management LLC Acquires 7,332 Shares of Mohawk Industries, Inc. $MHK

Pzena Investment Management LLC grew its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 0.6% in the 4th quarter, Holdings Channel reports. The fund owned 1,186,400 shares of the company’s stock after purchasing an additional 7,332 shares during the quarter. Pzena Investment Management LLC’s holdings in Mohawk Industries were worth $129,674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MHK. Goldman Sachs Group Inc. lifted its position in Mohawk Industries by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock worth $39,369,000 after purchasing an additional 42,655 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Mohawk Industries by 0.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock worth $22,148,000 after purchasing an additional 1,175 shares during the period. Acadian Asset Management LLC bought a new position in Mohawk Industries in the first quarter worth $149,000. Creative Planning lifted its position in Mohawk Industries by 10.2% in the second quarter. Creative Planning now owns 3,730 shares of the company’s stock worth $391,000 after purchasing an additional 346 shares during the period. Finally, CW Advisors LLC bought a new position in Mohawk Industries in the second quarter worth $280,000. 78.98% of the stock is owned by institutional investors.

Mohawk Industries Price Performance

Shares of MHK stock opened at $102.47 on Friday. The stock has a 50-day moving average price of $101.81 and a 200 day moving average price of $111.14. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.25 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 2.46 and a beta of 1.20. Mohawk Industries, Inc. has a 12 month low of $92.99 and a 12 month high of $143.13.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.90 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 analyst estimates 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 company earned $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Research analysts expect that Mohawk Industries, Inc. will post 8.78 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $109.00 target price on Mohawk Industries in a research report on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mohawk Industries in a research report on Monday, April 27th. UBS Group reaffirmed a “neutral” rating and issued a $140.00 target price on shares of Mohawk Industries in a research report on Monday, February 16th. Wells Fargo & Company cut their price objective on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Finally, Zacks Research cut Mohawk Industries from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $123.33.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 3,000 shares of Mohawk Industries stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $97.80, for a total value of $293,400.00. Following the completion of the sale, the insider directly owned 53,893 shares in the company, valued at $5,270,735.40. This trade represents a 5.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 12,000 shares of company stock valued at $1,246,336 in the last three months. 17.90% of the stock is owned by company insiders.

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.