Assenagon Asset Management S.A. Has $3.51 Million Stock Holdings in Mohawk Industries, Inc. $MHK

Assenagon Asset Management S.A. grew its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 768.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,064 shares of the company’s stock after purchasing an additional 28,373 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Mohawk Industries were worth $3,505,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Mohawk Industries by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,085,012 shares of the company’s stock valued at $397,714,000 after buying an additional 37,487 shares during the last quarter. Invesco Ltd. raised its stake in Mohawk Industries by 7.4% in the 2nd quarter. Invesco Ltd. now owns 1,957,197 shares of the company’s stock valued at $205,192,000 after acquiring an additional 135,246 shares during the period. State Street Corp lifted its holdings in Mohawk Industries by 2.1% during the 2nd quarter. State Street Corp now owns 1,915,831 shares of the company’s stock valued at $200,856,000 after purchasing an additional 39,556 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 purchasing an additional 9,516 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Mohawk Industries by 73.9% in the third quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock valued at $200,922,000 after purchasing an additional 670,601 shares during the period. 78.98% of the stock is owned by institutional investors.

Mohawk Industries Stock Down 0.1%

Shares of NYSE MHK opened at $96.16 on Monday. The stock has a market capitalization of $5.91 billion, a P/E ratio of 16.24, a PEG ratio of 1.53 and a beta of 1.19. The stock’s fifty day moving average is $117.81 and its 200 day moving average is $117.54. Mohawk Industries, Inc. has a 52 week low of $95.16 and a 52 week high of $143.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.21 and a current ratio of 2.19.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, February 12th. The company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.02. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.95 earnings per share. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. Sell-side analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wolfe Research lowered shares of Mohawk Industries from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Barclays set a $121.00 target price on Mohawk Industries in a research note on Monday, December 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Wednesday, January 28th. Robert W. Baird set a $156.00 price objective on Mohawk Industries in a research report on Tuesday, February 17th. Finally, Wells Fargo & Company upped their price target on shares of Mohawk Industries from $110.00 to $125.00 and gave the company a “cautious” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $137.64.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 5,658 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $105.19, for a total transaction of $595,165.02. Following the completion of the sale, the insider directly owned 61,935 shares in the company, valued at $6,514,942.65. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 12,000 shares of company stock worth $1,246,336 in the last three months. 17.40% of the stock is owned by 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.