Mohawk Industries, Inc. $MHK Stock Position Boosted by Tabor Asset Management LP

Tabor Asset Management LP boosted its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 35.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,068 shares of the company’s stock after purchasing an additional 18,088 shares during the quarter. Mohawk Industries comprises approximately 5.4% of Tabor Asset Management LP’s portfolio, making the stock its 3rd biggest position. Tabor Asset Management LP owned approximately 0.11% of Mohawk Industries worth $8,904,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MHK. Dimensional Fund Advisors LP raised its position in Mohawk Industries by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,085,012 shares of the company’s stock valued at $397,714,000 after purchasing an additional 37,487 shares during the last quarter. Invesco Ltd. lifted its position in Mohawk Industries by 7.4% in the second quarter. Invesco Ltd. now owns 1,957,197 shares of the company’s stock valued at $205,192,000 after purchasing an additional 135,246 shares during the period. State Street Corp lifted 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 lifted its holdings 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. Finally, Geode Capital Management LLC lifted 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 purchasing an additional 4,085 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 3,500 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $110.36, for a total transaction of $386,260.00. Following the completion of the transaction, the insider owned 70,593 shares of the company’s stock, valued at approximately $7,790,643.48. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 10,650 shares of company stock worth $1,178,383. Insiders own 17.40% of the company’s stock.

Analyst Upgrades and Downgrades

MHK has been the topic of several research reports. Evercore set a $143.00 target price on Mohawk Industries in a report on Tuesday, February 17th. Jefferies Financial Group decreased their price target on shares of Mohawk Industries from $134.00 to $128.00 and set a “hold” rating on the stock in a research note on Monday, December 15th. Wolfe Research downgraded Mohawk Industries from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mohawk Industries in a research report on Wednesday, January 28th. Finally, Barclays set a $121.00 target price on shares of Mohawk Industries in a research report on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $137.64.

Mohawk Industries Stock Performance

Shares of MHK stock opened at $107.91 on Tuesday. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $143.13. The firm has a market capitalization of $6.63 billion, a P/E ratio of 18.23, a P/E/G ratio of 1.71 and a beta of 1.19. 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 company’s fifty day moving average price is $121.45 and its two-hundred day moving average price is $120.70.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, February 12th. The company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.02. The company 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%.Mohawk Industries’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.95 EPS. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. On average, research analysts anticipate 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.