Wilsey Asset Management Inc. Purchases 24,621 Shares of Mohawk Industries, Inc. $MHK

Wilsey Asset Management Inc. raised its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 11.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 237,869 shares of the company’s stock after buying an additional 24,621 shares during the period. Mohawk Industries accounts for approximately 4.0% of Wilsey Asset Management Inc.’s portfolio, making the stock its 17th largest position. Wilsey Asset Management Inc.’s holdings in Mohawk Industries were worth $25,999,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in MHK. Public Employees Retirement System of Ohio grew its position in shares of Mohawk Industries by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock worth $2,224,000 after purchasing an additional 100 shares in the last quarter. Resona Asset Management Co. Ltd. grew its holdings in Mohawk Industries by 22.6% during the 3rd 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 in the last quarter. AlphaQuest LLC raised its position in shares of Mohawk Industries by 4.2% during the third quarter. AlphaQuest LLC now owns 2,774 shares of the company’s stock valued at $358,000 after buying an additional 113 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in shares of Mohawk Industries by 4.1% in the third quarter. Hantz Financial Services Inc. now owns 2,912 shares of the company’s stock worth $375,000 after buying an additional 116 shares in the last quarter. Finally, Wedmont Private Capital boosted its position in shares of Mohawk Industries by 4.3% during the third quarter. Wedmont Private Capital now owns 3,031 shares of the company’s stock worth $372,000 after acquiring an additional 126 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Down 2.3%

Shares of MHK opened at $96.01 on Friday. The company has a quick ratio of 1.21, a current ratio of 2.19 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $119.92 and a 200 day moving average of $119.00. The company has a market cap of $5.90 billion, a PE ratio of 16.22, a P/E/G ratio of 1.56 and a beta of 1.19. Mohawk Industries, Inc. has a 52-week low of $95.16 and a 52-week high of $143.13.

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, beating analysts’ consensus estimates of $1.98 by $0.02. The business 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%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.95 earnings per share. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. On average, sell-side analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on MHK shares. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Evercore set a $143.00 price objective on Mohawk Industries in a research report on Tuesday, February 17th. Wells Fargo & Company lifted their target price on Mohawk Industries from $110.00 to $125.00 and gave the stock a “cautious” rating in a report on Wednesday, February 11th. UBS Group reiterated a “neutral” rating and issued a $140.00 target price on shares of Mohawk Industries in a research report on Monday, February 16th. Finally, Wolfe Research cut shares of Mohawk Industries from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $137.64.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 5,658 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $105.19, for a total transaction of $595,165.02. Following the transaction, the insider owned 61,935 shares of the company’s stock, valued at approximately $6,514,942.65. This trade represents a 8.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders have sold 12,000 shares of company stock worth $1,246,336. 17.40% of the stock is owned by corporate 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.