Mohawk Industries, Inc. $MHK Shares Sold by Hound Partners LLC

Hound Partners LLC lowered its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 30.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,405 shares of the company’s stock after selling 31,689 shares during the period. Mohawk Industries makes up 1.2% of Hound Partners LLC’s holdings, making the stock its 23rd biggest holding. Hound Partners LLC’s holdings in Mohawk Industries were worth $9,206,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MHK. Goldman Sachs Group Inc. lifted its holdings in Mohawk Industries by 14.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock worth $39,369,000 after buying an additional 42,655 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Mohawk Industries by 0.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock worth $22,148,000 after acquiring an additional 1,175 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Mohawk Industries during the first quarter worth $149,000. ProShare Advisors LLC increased its position in shares of Mohawk Industries by 12.0% during the second quarter. ProShare Advisors LLC now owns 8,886 shares of the company’s stock worth $932,000 after acquiring an additional 952 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Mohawk Industries by 0.3% in the second quarter. Geode Capital Management LLC now owns 1,358,212 shares of the company’s stock valued at $142,124,000 after acquiring an additional 4,085 shares in the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MHK shares. Robert W. Baird set a $156.00 target price on Mohawk Industries in a report on Tuesday, February 17th. UBS Group reaffirmed a “neutral” rating and issued a $140.00 price target on shares of Mohawk Industries in a research report on Monday, February 16th. Barclays set a $121.00 price objective on Mohawk Industries in a research note on Monday, December 8th. Evercore set a $143.00 price objective on Mohawk Industries in a research report on Tuesday, February 17th. Finally, Royal Bank Of Canada raised their target price on shares of Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $137.64.

Mohawk Industries Stock Performance

NYSE:MHK opened at $102.47 on Monday. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $143.13. 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 capitalization 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 business’s fifty day moving average price is $121.10 and its 200 day moving average price is $119.93.

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

Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 1,042 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $109.39, for a total value of $113,984.38. Following the completion of the transaction, the insider directly owned 60,893 shares of the company’s stock, valued at $6,661,085.27. This represents a 1.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders sold 13,200 shares of company stock worth $1,426,876. 17.40% of the stock is currently owned by company insiders.

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.