Bessemer Group Inc. Has $3.94 Million Stock Position in Mohawk Industries, Inc. $MHK

Bessemer Group Inc. lifted its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 720.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,053 shares of the company’s stock after acquiring an additional 35,173 shares during the period. Bessemer Group Inc.’s holdings in Mohawk Industries were worth $3,943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Evergreen Advisors LLC bought a new position in Mohawk Industries in the 1st quarter valued at about $98,000. Illinois Municipal Retirement Fund bought a new stake in Mohawk Industries during the 1st quarter worth approximately $3,071,000. Sanctuary Advisors LLC raised its stake in shares of Mohawk Industries by 72.6% in the first quarter. Sanctuary Advisors LLC now owns 8,085 shares of the company’s stock worth $796,000 after purchasing an additional 3,400 shares during the last quarter. Calamos Wealth Management LLC purchased a new stake in shares of Mohawk Industries in the first quarter worth approximately $277,000. Finally, Calamos Advisors LLC bought a new position in shares of Mohawk Industries in the first quarter valued at approximately $277,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 16,600 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the completion of the sale, the insider directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of Mohawk Industries stock in a transaction 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 sale, the chief executive officer owned 25,000 shares in the company, valued at $2,638,250. The trade was a 16.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 40,186 shares of company stock worth $4,460,321. Insiders own 17.90% of the company’s stock.

Mohawk Industries Price Performance

Mohawk Industries stock opened at $108.24 on Tuesday. Mohawk Industries, Inc. has a 52 week low of $92.99 and a 52 week high of $143.13. The company’s 50 day moving average price is $108.44 and its two-hundred day moving average price is $111.25. The stock has a market cap of $6.60 billion, a P/E ratio of 16.23, a P/E/G ratio of 2.75 and a beta of 1.18. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) 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 analyst estimates of $2.74 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.Mohawk Industries’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.52 earnings per share. 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 earnings per share for the current year.

Analysts Set New Price Targets

MHK has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft set a $109.00 target price on Mohawk Industries in a research report on Tuesday, May 5th. Weiss Ratings lowered Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Wells Fargo & Company cut their price objective on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Finally, Robert W. Baird reduced their target price on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Mohawk Industries presently has a consensus 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.