QSM Asset Management Ltd Has $8.36 Million Stock Holdings in Mohawk Industries, Inc. $MHK

QSM Asset Management Ltd cut its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 12.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 66,536 shares of the company’s stock after selling 9,073 shares during the period. Mohawk Industries comprises approximately 6.0% of QSM Asset Management Ltd’s holdings, making the stock its 8th largest holding. QSM Asset Management Ltd’s holdings in Mohawk Industries were worth $8,355,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Alyeska Investment Group L.P. increased its position in shares of Mohawk Industries by 436.4% in the first quarter. Alyeska Investment Group L.P. now owns 756,030 shares of the company’s stock valued at $86,324,000 after acquiring an additional 615,095 shares during the last quarter. AQR Capital Management LLC grew its stake in Mohawk Industries by 123.1% in the second quarter. AQR Capital Management LLC now owns 907,734 shares of the company’s stock valued at $94,640,000 after purchasing an additional 500,934 shares in the last quarter. Norges Bank bought a new position in Mohawk Industries in the second quarter valued at approximately $48,276,000. Massachusetts Financial Services Co. MA increased its position in shares of Mohawk Industries by 28.0% during the 2nd 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, Adage Capital Partners GP L.L.C. raised its stake in shares of Mohawk Industries by 677.6% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 380,770 shares of the company’s stock worth $43,476,000 after purchasing an additional 331,800 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Price Performance

NYSE:MHK opened at $109.70 on Friday. The company has a market cap of $6.78 billion, a P/E ratio of 16.33, a P/E/G ratio of 2.23 and a beta of 1.23. The firm’s fifty day moving average price is $112.78 and its two-hundred day moving average price is $117.69. Mohawk Industries, Inc. has a one year low of $96.24 and a one year high of $143.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 1.24.

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 the consensus estimate of $2.73 billion. During the same period in the previous year, the firm posted $2.90 EPS. The business’s quarterly revenue was up 1.4% on a year-over-year basis. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. Equities analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Insider Activity

In other news, insider Suzanne L. Helen sold 2,700 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $109.00, for a total value of $294,300.00. Following the transaction, the insider owned 67,893 shares of the company’s stock, valued at approximately $7,400,337. This represents a 3.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 17,600 shares of company stock worth $1,945,754 in the last three months. Insiders own 17.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on MHK. Weiss Ratings reissued a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday, October 31st. Raymond James Financial reiterated a “strong-buy” rating and issued a $150.00 price target (up previously from $140.00) on shares of Mohawk Industries in a research note on Tuesday, October 21st. Wells Fargo & Company lowered their price objective on shares of Mohawk Industries from $125.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Monday, December 15th. Jefferies Financial Group cut their target price on shares of Mohawk Industries from $134.00 to $128.00 and set a “hold” rating for the company in a research note on Monday, December 15th. Finally, Wall Street Zen cut Mohawk Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mohawk Industries currently has an average rating of “Moderate Buy” and an average price target of $135.79.

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.