IFP Advisors Inc Takes Position in Mohawk Industries, Inc. $MHK

IFP Advisors Inc purchased a new stake in Mohawk Industries, Inc. (NYSE:MHK) during the third quarter, according to its most recent filing with the SEC. The fund purchased 8,916 shares of the company’s stock, valued at approximately $1,149,000.

Several other hedge funds and other institutional investors have also made changes to their positions in MHK. Goldman Sachs Group Inc. grew its position in shares of Mohawk Industries by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock valued at $39,369,000 after purchasing an additional 42,655 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Mohawk Industries by 0.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock valued at $22,148,000 after buying an additional 1,175 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Mohawk Industries in the 1st quarter worth approximately $149,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Mohawk Industries by 6.2% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 12,728 shares of the company’s stock worth $1,334,000 after acquiring an additional 747 shares in the last quarter. Finally, Creative Planning boosted its position in shares of Mohawk Industries by 10.2% during the 2nd quarter. Creative Planning now owns 3,730 shares of the company’s stock valued at $391,000 after acquiring an additional 346 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MHK. Barclays set a $121.00 price target on shares of Mohawk Industries in a research report on Monday, December 8th. Wells Fargo & Company upped their target price on shares of Mohawk Industries from $110.00 to $125.00 and gave the company a “cautious” rating in a research report on Wednesday, February 11th. UBS Group reaffirmed a “neutral” rating and issued a $140.00 price target on shares of Mohawk Industries in a report on Monday, February 16th. Royal Bank Of Canada lifted their price target on Mohawk Industries from $122.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Finally, Evercore set a $143.00 price objective on Mohawk Industries in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $137.64.

Mohawk Industries Price Performance

Mohawk Industries stock opened at $96.01 on Monday. Mohawk Industries, Inc. has a 12-month low of $95.16 and a 12-month high of $143.13. The company has a current ratio of 2.19, a quick ratio of 1.21 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $119.92 and a 200-day moving average price of $118.84. The firm has a market capitalization of $5.90 billion, a PE ratio of 16.22, a price-to-earnings-growth ratio of 1.53 and a beta of 1.19.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, February 12th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.02. Mohawk Industries had a return on equity of 6.80% and a net margin of 3.43%.The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the prior year, the business posted $1.95 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. As a group, equities research analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 3,000 shares of Mohawk Industries stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $97.80, for a total transaction of $293,400.00. Following the completion of the sale, the insider directly owned 53,893 shares in the company, valued at approximately $5,270,735.40. This trade represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 12,000 shares of company stock valued at $1,246,336 in the last 90 days. Company insiders own 17.40% of the company’s stock.

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.