Olstein Capital Management L.P. Has $7.51 Million Holdings in Mohawk Industries, Inc. $MHK

Olstein Capital Management L.P. lifted its position in Mohawk Industries, Inc. (NYSE:MHK) by 23.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,750 shares of the company’s stock after buying an additional 13,250 shares during the quarter. Mohawk Industries comprises approximately 1.5% of Olstein Capital Management L.P.’s holdings, making the stock its 14th biggest position. Olstein Capital Management L.P.’s holdings in Mohawk Industries were worth $7,514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its stake in Mohawk Industries by 10.2% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,584 shares of the company’s stock valued at $610,000 after acquiring an additional 517 shares during the last quarter. Highlander Partners L.P. acquired a new position in shares of Mohawk Industries during the 4th quarter worth about $98,000. Strs Ohio raised its holdings in shares of Mohawk Industries by 13.6% in the 4th quarter. Strs Ohio now owns 136,615 shares of the company’s stock valued at $14,932,000 after purchasing an additional 16,389 shares during the period. New York State Teachers Retirement System raised its holdings in shares of Mohawk Industries by 22.1% in the 4th quarter. New York State Teachers Retirement System now owns 47,820 shares of the company’s stock valued at $5,227,000 after purchasing an additional 8,657 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its stake in Mohawk Industries by 18.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 20,721 shares of the company’s stock valued at $2,265,000 after purchasing an additional 3,244 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MHK. Evercore set a $110.00 price target on Mohawk Industries in a report on Monday. Barclays cut their price objective on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft set a $109.00 target price on Mohawk Industries in a research note on Tuesday. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Monday, April 27th. Finally, UBS Group reaffirmed a “neutral” rating and set a $140.00 price target on shares of Mohawk Industries in a report on Monday, February 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $123.33.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 3,000 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $97.80, for a total value of $293,400.00. Following the completion of the sale, the insider directly owned 53,893 shares in the company, valued at $5,270,735.40. The trade was a 5.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 12,000 shares of company stock valued at $1,246,336. Insiders own 17.90% of the company’s stock.

Mohawk Industries Stock Down 1.5%

Mohawk Industries stock opened at $102.78 on Friday. The company’s 50-day moving average price is $105.08 and its two-hundred day moving average price is $112.75. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21. The stock has a market cap of $6.26 billion, a P/E ratio of 15.41, a P/E/G ratio of 2.50 and a beta of 1.20. Mohawk Industries, Inc. has a twelve month low of $93.60 and a twelve month high of $143.13.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter in the previous year, the company posted $1.52 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. As a group, analysts expect that Mohawk Industries, Inc. will post 8.99 EPS for the current year.

About Mohawk Industries

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.