Donald Smith & CO. Inc. Invests $29.08 Million in Mohawk Industries, Inc. $MHK

Donald Smith & CO. Inc. purchased a new stake in Mohawk Industries, Inc. (NYSE:MHK) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 277,390 shares of the company’s stock, valued at approximately $29,082,000.

Other large investors have also made changes to their positions in the company. Yousif Capital Management LLC lifted its stake in shares of Mohawk Industries by 1.1% in the 2nd quarter. Yousif Capital Management LLC now owns 8,374 shares of the company’s stock valued at $878,000 after purchasing an additional 88 shares during the period. Resona Asset Management Co. Ltd. raised its position in Mohawk Industries by 40.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company’s stock valued at $55,000 after buying an additional 139 shares during the last quarter. AlphaQuest LLC boosted its position in Mohawk Industries by 6.6% during the 1st quarter. AlphaQuest LLC now owns 2,351 shares of the company’s stock worth $268,000 after acquiring an additional 145 shares during the last quarter. Wedmont Private Capital grew its position in Mohawk Industries by 5.6% in the second quarter. Wedmont Private Capital now owns 2,905 shares of the company’s stock valued at $326,000 after purchasing an additional 153 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Mohawk Industries by 7.0% in the second quarter. Fifth Third Bancorp now owns 2,645 shares of the company’s stock valued at $277,000 after acquiring an additional 173 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 500 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $115.11, for a total value of $57,555.00. Following the completion of the sale, the insider directly owned 78,243 shares of the company’s stock, valued at $9,006,551.73. The trade was a 0.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 10,541 shares of company stock valued at $1,256,543 over the last ninety days. Insiders own 17.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MHK shares. Wall Street Zen raised Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday. Raymond James Financial reissued a “strong-buy” rating and issued a $150.00 price objective (up previously from $140.00) on shares of Mohawk Industries in a report on Tuesday, October 21st. Barclays decreased their price target on Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating on the stock in a research report on Monday, October 27th. Vertical Research assumed coverage on shares of Mohawk Industries in a research report on Monday, October 20th. They set a “buy” rating on the stock. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Mohawk Industries presently has an average rating of “Moderate Buy” and an average price target of $137.62.

Mohawk Industries Trading Down 1.2%

NYSE:MHK opened at $110.65 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 2.25. The firm’s fifty day moving average is $117.08 and its 200-day moving average is $116.98. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $143.13. The firm has a market cap of $6.84 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.25 and a beta of 1.23.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, October 23rd. The company reported $2.67 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.01). The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.73 billion. Mohawk Industries had a return on equity of 6.97% and a net margin of 3.93%.The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.90 EPS. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. Equities analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.