Mohawk Industries, Inc. $MHK Shares Acquired by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC boosted its position in Mohawk Industries, Inc. (NYSE:MHK) by 164.9% in the first quarter, Holdings Channel.com reports. The firm owned 8,229 shares of the company’s stock after acquiring an additional 5,123 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Mohawk Industries were worth $892,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MHK. Wilsey Asset Management Inc. boosted its stake in shares of Mohawk Industries by 11.5% in the fourth quarter. Wilsey Asset Management Inc. now owns 237,869 shares of the company’s stock valued at $25,999,000 after buying an additional 24,621 shares in the last quarter. UBS Group AG raised its position in Mohawk Industries by 6.1% in the fourth quarter. UBS Group AG now owns 227,068 shares of the company’s stock worth $24,819,000 after acquiring an additional 13,090 shares in the last quarter. State of Alaska Department of Revenue raised its position in Mohawk Industries by 93.3% in the fourth quarter. State of Alaska Department of Revenue now owns 42,941 shares of the company’s stock worth $4,693,000 after acquiring an additional 20,728 shares in the last quarter. Tejara Capital Ltd acquired a new stake in Mohawk Industries in the fourth quarter valued at $2,514,000. Finally, Olstein Capital Management L.P. boosted its position in shares of Mohawk Industries by 23.9% during the 4th quarter. Olstein Capital Management L.P. now owns 68,750 shares of the company’s stock worth $7,514,000 after purchasing an additional 13,250 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, 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 value of $504,360.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Suzanne L. Helen sold 16,600 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $112.97, for a total value of $1,875,302.00. Following the transaction, the insider directly owned 14,132 shares in the company, valued at approximately $1,596,492.04. This represents a 54.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 40,186 shares of company stock valued at $4,460,321 over the last ninety days. 17.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MHK has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. 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 report on Wednesday, April 8th. Truist Financial lowered 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 report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft set a $109.00 target price on shares of Mohawk Industries in a report on Tuesday, May 5th. One investment 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 issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $124.42.

Mohawk Industries Price Performance

Mohawk Industries stock opened at $114.62 on Friday. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13. The stock has a market capitalization of $6.99 billion, a P/E ratio of 17.18, a P/E/G ratio of 2.75 and a beta of 1.18. The firm’s 50-day moving average is $108.14 and its two-hundred day moving average is $111.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. The business had revenue of $2.73 billion during 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%. The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Equities analysts predict that Mohawk Industries, Inc. will post 8.71 earnings per share for the current year.

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.