Candlestick Capital Management LP Makes New $53.32 Million Investment in Mohawk Industries, Inc. $MHK

Candlestick Capital Management LP purchased a new position in Mohawk Industries, Inc. (NYSE:MHK) in the third quarter, Holdings Channel reports. The institutional investor purchased 413,592 shares of the company’s stock, valued at approximately $53,320,000. Mohawk Industries comprises 1.3% of Candlestick Capital Management LP’s investment portfolio, making the stock its 27th largest holding.

Several other hedge funds also recently made changes to their positions in MHK. Root Financial Partners LLC bought a new stake in shares of Mohawk Industries during the 3rd quarter valued at $25,000. MTM Investment Management LLC bought a new position in Mohawk Industries in the 2nd quarter worth about $28,000. Quent Capital LLC purchased a new position in Mohawk Industries during the 3rd quarter valued at about $33,000. SJS Investment Consulting Inc. grew its holdings in Mohawk Industries by 5,385.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 384 shares of the company’s stock valued at $50,000 after buying an additional 377 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. increased its position in shares of Mohawk Industries by 22.6% during the third quarter. Resona Asset Management Co. Ltd. now owns 612 shares of the company’s stock valued at $78,000 after buying an additional 113 shares during the period. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Suzanne L. Helen sold 5,658 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $105.19, for a total value of $595,165.02. Following the transaction, the insider owned 61,935 shares of the company’s stock, valued at $6,514,942.65. This represents a 8.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have sold 15,200 shares of company stock valued at $1,648,276. 17.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank Of Canada upped their target price on shares of Mohawk Industries from $122.00 to $135.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Barclays set a $121.00 target price on shares of Mohawk Industries in a research note on Monday, December 8th. UBS Group reissued a “neutral” rating and issued a $140.00 price target on shares of Mohawk Industries in a report on Monday, February 16th. Finally, Robert W. Baird set a $156.00 price target on shares of Mohawk Industries in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $137.64.

Mohawk Industries Stock Performance

Shares of MHK opened at $102.47 on Friday. Mohawk Industries, Inc. has a 12-month low of $96.24 and a 12-month high of $143.13. The company has a current ratio of 2.19, a quick ratio of 1.21 and a debt-to-equity ratio of 0.21. The company has a market cap of $6.30 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. The stock has a 50-day moving average price of $121.10 and a 200-day moving average price of $120.02.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data 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. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Mohawk Industries had a net margin of 3.43% and a return on equity of 6.80%. Mohawk Industries’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.95 earnings per share. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. As a group, equities analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share 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.