Geode Capital Management LLC Sells 462,482 Shares of Mohawk Industries, Inc. $MHK

Geode Capital Management LLC lessened its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 33.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 902,423 shares of the company’s stock after selling 462,482 shares during the period. Geode Capital Management LLC’s holdings in Mohawk Industries were worth $98,656,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bayforest Capital Ltd bought a new stake in Mohawk Industries during the fourth quarter worth about $27,000. Global Retirement Partners LLC raised its holdings in Mohawk Industries by 950.0% during the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after acquiring an additional 228 shares in the last quarter. Salomon & Ludwin LLC bought a new stake in Mohawk Industries during the fourth quarter worth about $43,000. Danske Bank A S bought a new stake in Mohawk Industries during the third quarter worth about $52,000. Finally, Advisory Services Network LLC bought a new stake in Mohawk Industries during the third quarter worth about $64,000. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $102.73 on Friday. The business’s 50 day moving average price is $102.46 and its two-hundred day moving average price is $110.82. The company has a market cap of $6.26 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.55 and a beta of 1.20. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $143.13.

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

Analyst Upgrades and Downgrades

MHK has been the topic of several analyst reports. Royal Bank Of Canada upped their target price on Mohawk Industries from $122.00 to $135.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft set a $109.00 target price on Mohawk Industries in a report on Tuesday, May 5th. Zacks Research lowered Mohawk Industries from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. Bank of America reissued 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. Finally, Barclays lowered their price target on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $123.33.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 1,887 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $106.06, for a total transaction of $200,135.22. Following the completion of the sale, the insider directly owned 48,049 shares in the company, valued at $5,096,076.94. This trade represents a 3.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total transaction of $527,650.00. Following the sale, the chief executive officer owned 25,000 shares of the company’s stock, valued at $2,638,250. This trade represents 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 19,544 shares of company stock valued at $2,037,277 over the last 90 days. Company insiders own 17.90% of the company’s stock.

About Mohawk Industries

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.