Donald Smith & CO. Inc. Has $31.59 Million Stake in Mohawk Industries, Inc. $MHK

Donald Smith & CO. Inc. increased its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 289,009 shares of the company’s stock after buying an additional 10,743 shares during the period. Donald Smith & CO. Inc.’s holdings in Mohawk Industries were worth $31,589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MHK. Norges Bank acquired a new stake in shares of Mohawk Industries in the fourth quarter valued at approximately $77,528,000. AQR Capital Management LLC raised its position in shares of Mohawk Industries by 73.9% in the third quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock valued at $200,922,000 after buying an additional 670,601 shares in the last quarter. Steadfast Capital Management LP raised its position in shares of Mohawk Industries by 96.3% in the third quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock valued at $120,837,000 after buying an additional 459,700 shares in the last quarter. Candlestick Capital Management LP acquired a new stake in shares of Mohawk Industries in the third quarter valued at approximately $53,320,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of Mohawk Industries in the third quarter valued at approximately $36,076,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MHK shares. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Zacks Research cut shares of Mohawk Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Royal Bank Of Canada lifted their price objective on shares of Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Weiss Ratings cut shares of Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. Finally, Wells Fargo & Company decreased their price objective on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $123.33.

Mohawk Industries Price Performance

Shares of NYSE:MHK opened at $102.05 on Thursday. The firm 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. The firm’s fifty day moving average is $102.88 and its 200-day moving average is $110.86. 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 52 week low of $92.99 and a 52 week high of $143.13.

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

Insiders Place Their Bets

In other news, CEO Jeffrey S. Lorberbaum sold 5,000 shares of Mohawk Industries 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 owned 25,000 shares in the company, valued at approximately $2,638,250. The trade was a 16.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Suzanne L. Helen sold 3,000 shares of Mohawk Industries stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $97.80, for a total transaction of $293,400.00. Following the transaction, the insider owned 53,893 shares in the company, valued at approximately $5,270,735.40. This trade represents a 5.27% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 12,844 shares of company stock worth $1,328,128. 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.