Mohawk Industries, Inc. $MHK Shares Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC grew its stake in Mohawk Industries, Inc. (NYSE:MHK) by 164.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 8,229 shares of the company’s stock after buying an additional 5,123 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Mohawk Industries were worth $892,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MHK. Rexford Capital Inc. lifted its stake in Mohawk Industries by 10.1% in the fourth quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock worth $119,000 after acquiring an additional 100 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Mohawk Industries by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock valued at $2,224,000 after purchasing an additional 100 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of Mohawk Industries by 1.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock worth $560,000 after purchasing an additional 101 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Mohawk Industries by 7.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock worth $171,000 after purchasing an additional 105 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Mohawk Industries by 20.7% during the fourth quarter. Signaturefd LLC now owns 671 shares of the company’s stock worth $73,000 after purchasing an additional 115 shares in the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $112.08, for a total value of $504,360.00. Following the transaction, the chief executive officer owned 20,000 shares of the company’s stock, valued at approximately $2,241,600. The trade was a 18.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Suzanne L. Helen sold 16,600 shares of the company’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 sale, the insider owned 14,132 shares of the company’s stock, valued at $1,596,492.04. This trade represents a 54.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 40,186 shares of company stock valued at $4,460,321 over the last ninety days. 17.90% of the stock is owned by insiders.

Mohawk Industries Trading Up 2.8%

NYSE MHK opened at $114.62 on Friday. The firm’s fifty day moving average is $108.14 and its two-hundred day moving average is $111.24. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $143.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. The firm has a market cap of $6.99 billion, a PE ratio of 17.18, a P/E/G ratio of 2.75 and a beta of 1.18.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MHK shares. Wells Fargo & Company dropped their target price on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Robert W. Baird lowered their price objective on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Evercore set a $110.00 price objective on Mohawk Industries in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $109.00 target price on Mohawk Industries in a research report on Tuesday, May 5th. Finally, Bank of America restated a “neutral” rating and set a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $124.42.

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.