III Capital Management Takes $1.57 Million Position in Mohawk Industries, Inc. $MHK

III Capital Management bought a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 15,000 shares of the company’s stock, valued at approximately $1,573,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MHK. Dimensional Fund Advisors LP grew its stake in Mohawk Industries by 7.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,964,190 shares of the company’s stock worth $338,444,000 after buying an additional 213,429 shares in the last quarter. Invesco Ltd. increased its stake in Mohawk Industries by 7.4% in the second quarter. Invesco Ltd. now owns 1,957,197 shares of the company’s stock valued at $205,192,000 after acquiring an additional 135,246 shares during the last quarter. State Street Corp raised its position in Mohawk Industries by 2.1% during the second quarter. State Street Corp now owns 1,915,831 shares of the company’s stock valued at $200,856,000 after purchasing an additional 39,556 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Mohawk Industries by 28.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,820,314 shares of the company’s stock worth $190,842,000 after purchasing an additional 398,349 shares during the last quarter. Finally, Ariel Investments LLC boosted its holdings in shares of Mohawk Industries by 3.4% in the 1st quarter. Ariel Investments LLC now owns 1,743,574 shares of the company’s stock valued at $199,081,000 after purchasing an additional 57,391 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

Shares of Mohawk Industries stock opened at $112.50 on Friday. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 2.29 and a beta of 1.23. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $143.13. The company’s fifty day moving average is $115.23 and its 200 day moving average is $117.17. The company has a quick ratio of 1.24, a current ratio of 2.25 and a debt-to-equity ratio of 0.21.

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

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,500 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $109.54, for a total transaction of $273,850.00. Following the completion of the sale, the insider owned 79,878 shares of the company’s stock, valued at approximately $8,749,836.12. This represents a 3.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 9,400 shares of company stock valued at $1,043,794 over the last quarter. 17.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MHK has been the subject of several recent analyst reports. Raymond James Financial restated a “strong-buy” rating and set a $150.00 price objective (up from $140.00) on shares of Mohawk Industries in a research report on Tuesday, October 21st. Vertical Research started coverage on shares of Mohawk Industries in a research note on Monday, October 20th. They issued a “buy” rating on the stock. Evercore ISI lowered their price objective on shares of Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a research report on Wednesday, November 19th. Wells Fargo & Company decreased their target price on shares of Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 4th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.54.

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.