Sound Shore Management Inc. CT Has $63.26 Million Stock Holdings in Mohawk Industries, Inc. $MHK

Sound Shore Management Inc. CT trimmed its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 1.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 642,537 shares of the company’s stock after selling 7,910 shares during the quarter. Sound Shore Management Inc. CT owned 1.05% of Mohawk Industries worth $63,264,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MHK. Balefire LLC boosted its holdings in shares of Mohawk Industries by 15.8% in the first quarter. Balefire LLC now owns 3,249 shares of the company’s stock valued at $320,000 after buying an additional 444 shares during the period. California Public Employees Retirement System raised its holdings in shares of Mohawk Industries by 10.4% during the first quarter. California Public Employees Retirement System now owns 109,273 shares of the company’s stock worth $10,759,000 after acquiring an additional 10,330 shares during the period. Watershed Asset Management L.L.C. acquired a new stake in shares of Mohawk Industries during the first quarter worth $424,000. John G Ullman & Associates Inc. bought a new stake in Mohawk Industries in the 1st quarter valued at $1,121,000. Finally, Kera Capital Partners Inc. lifted its position in Mohawk Industries by 56.5% in the 1st quarter. Kera Capital Partners Inc. now owns 3,561 shares of the company’s stock valued at $351,000 after acquiring an additional 1,285 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Stock Up 0.2%

Shares of MHK stock opened at $111.71 on Monday. The firm’s fifty day moving average price is $108.30 and its two-hundred day moving average price is $111.26. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13. The firm has a market capitalization of $6.81 billion, a P/E ratio of 16.75, a PEG ratio of 2.75 and a beta of 1.18.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.10. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.Mohawk Industries’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, equities analysts predict that Mohawk Industries, Inc. will post 8.71 EPS for the current fiscal year.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 16,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $112.97, for a total value of $1,875,302.00. Following the completion of the transaction, the insider directly owned 14,132 shares in the company, valued at $1,596,492.04. This trade represents a 54.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total value of $527,650.00. Following the transaction, the chief executive officer directly owned 25,000 shares in the company, valued at $2,638,250. This trade represents a 16.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 40,186 shares of company stock valued at $4,460,321 over the last three months. Insiders own 17.90% of the company’s stock.

Analyst Upgrades and Downgrades

MHK has been the subject of a number of research reports. Zacks Research upgraded Mohawk Industries from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Deutsche Bank Aktiengesellschaft set a $109.00 price objective on Mohawk Industries in a research report on Tuesday, May 5th. Bank of America reiterated a “neutral” rating and set a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. Truist Financial dropped their target price on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Finally, Barclays boosted their target price on Mohawk Industries from $96.00 to $109.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $124.42.

Mohawk Industries Company 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.