Mohawk Industries, Inc. $MHK is Heartland Advisors Inc.’s 9th Largest Position

Heartland Advisors Inc. cut its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 17.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,280 shares of the company’s stock after selling 38,565 shares during the period. Mohawk Industries accounts for 1.2% of Heartland Advisors Inc.’s holdings, making the stock its 9th biggest holding. Heartland Advisors Inc. owned 0.29% of Mohawk Industries worth $23,500,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Atlas FRM LLC raised its position in shares of Mohawk Industries by 28.0% during the 2nd quarter. Atlas FRM LLC now owns 608,000 shares of the company’s stock valued at $63,743,000 after buying an additional 133,000 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Mohawk Industries during the 3rd quarter worth about $20,054,000. Sequoia Financial Advisors LLC purchased a new position in shares of Mohawk Industries during the 2nd quarter worth about $337,000. ARGA Investment Management LP grew its holdings in Mohawk Industries by 1,508.1% during the 3rd quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock valued at $63,008,000 after purchasing an additional 458,349 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Mohawk Industries by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,829,830 shares of the company’s stock worth $235,902,000 after purchasing an additional 9,516 shares during the period. 78.98% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 2,700 shares of the business’s stock in a transaction 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 completion of the transaction, the insider directly owned 67,893 shares of the company’s stock, valued at approximately $7,400,337. The trade was a 3.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 14,485 shares of company stock worth $1,604,006. 17.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MHK shares. Wells Fargo & Company boosted their target price on Mohawk Industries from $110.00 to $125.00 and gave the company a “cautious” rating in a research report on Wednesday, February 11th. Evercore reduced their target price on Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 19th. Wall Street Zen downgraded Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Wolfe Research cut shares of Mohawk Industries from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $140.00 price target on shares of Mohawk Industries in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $130.80.

Mohawk Industries Stock Down 0.9%

NYSE:MHK opened at $132.34 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.19 and a quick ratio of 1.21. The firm has a market cap of $8.18 billion, a PE ratio of 22.35, a price-to-earnings-growth ratio of 3.69 and a beta of 1.23. The company has a 50-day moving average of $118.10 and a 200 day moving average of $121.00. Mohawk Industries, Inc. has a 1-year low of $96.24 and a 1-year high of $143.13.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, February 12th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.02. Mohawk Industries had a net margin of 3.43% and a return on equity of 6.80%. The firm had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter in the prior year, the company earned $1.95 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. As a group, research analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

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.