Mohawk Industries, Inc. $MHK Shares Acquired by Parkside Investments LLC

Parkside Investments LLC grew its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 390.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,185 shares of the company’s stock after purchasing an additional 35,185 shares during the quarter. Parkside Investments LLC’s holdings in Mohawk Industries were worth $5,696,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Invesco Ltd. lifted its holdings in Mohawk Industries by 7.4% in the 2nd quarter. Invesco Ltd. now owns 1,957,197 shares of the company’s stock worth $205,192,000 after buying an additional 135,246 shares in the last quarter. State Street Corp boosted its holdings in shares of Mohawk Industries by 2.1% in the 2nd quarter. State Street Corp now owns 1,915,831 shares of the company’s stock valued at $200,856,000 after buying an additional 39,556 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Mohawk Industries by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,829,830 shares of the company’s stock valued at $235,902,000 after acquiring an additional 9,516 shares during the period. Geode Capital Management LLC grew its holdings in shares of Mohawk Industries by 0.3% during the second quarter. Geode Capital Management LLC now owns 1,358,212 shares of the company’s stock valued at $142,124,000 after purchasing an additional 4,085 shares during the last quarter. Finally, Pzena Investment Management LLC grew its stake in Mohawk Industries by 0.3% during the 3rd quarter. Pzena Investment Management LLC now owns 1,179,068 shares of the company’s stock worth $152,005,000 after buying an additional 3,293 shares during the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 2,700 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $109.00, for a total value of $294,300.00. Following the sale, the insider directly owned 67,893 shares of the company’s stock, valued at approximately $7,400,337. This trade represents a 3.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 11,350 shares of company stock worth $1,257,106 in the last three months. 17.40% of the stock is owned by corporate insiders.

Mohawk Industries Stock Up 1.5%

Mohawk Industries stock opened at $125.97 on Wednesday. Mohawk Industries, Inc. has a 1-year low of $96.24 and a 1-year high of $143.13. The firm’s fifty day simple moving average is $120.17 and its 200-day simple moving average is $121.35. The company has a market capitalization of $7.79 billion, a P/E ratio of 21.28, a P/E/G ratio of 1.96 and a beta of 1.23. The company has a current ratio of 2.19, a quick ratio of 1.21 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, February 12th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.02. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.68 billion. Mohawk Industries had a return on equity of 6.80% and a net margin of 3.43%.The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.95 EPS. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. Sell-side analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

MHK has been the topic of several analyst reports. Wall Street Zen lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research report on Wednesday, January 28th. UBS Group restated a “neutral” rating and issued a $140.00 target price on shares of Mohawk Industries in a report on Monday, February 16th. Wolfe Research lowered shares of Mohawk Industries from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Finally, Truist Financial lifted their price target on Mohawk Industries from $148.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $137.64.

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.