BNP Paribas Financial Markets Buys 13,663 Shares of Mohawk Industries, Inc. $MHK

BNP Paribas Financial Markets increased its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 11.5% during the 4th quarter, Holdings Channel reports. The fund owned 132,723 shares of the company’s stock after acquiring an additional 13,663 shares during the period. BNP Paribas Financial Markets’ holdings in Mohawk Industries were worth $14,507,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Mohawk Industries in the fourth quarter valued at $77,528,000. AQR Capital Management LLC lifted its stake 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 buying an additional 670,601 shares in the last quarter. Steadfast Capital Management LP lifted its stake in shares of Mohawk Industries by 96.3% in the third quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock valued at $120,837,000 after buying an additional 459,700 shares in the last quarter. Candlestick Capital Management LP bought a new position in shares of Mohawk Industries in the third quarter valued at $53,320,000. Finally, Freestone Grove Partners LP bought a new position in shares of Mohawk Industries in the third quarter valued at $36,076,000. 78.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $109.00 price objective on shares of Mohawk Industries in a research note on Tuesday, May 5th. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. dropped their price objective on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Wells Fargo & Company dropped 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 research note on Wednesday, April 8th. Finally, UBS Group reiterated a “neutral” rating and issued a $140.00 target price on shares of Mohawk Industries in a report on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Mohawk Industries currently has a consensus rating of “Hold” and a consensus target price of $123.33.

Mohawk Industries Stock Performance

NYSE:MHK opened at $102.73 on Friday. The company has a market capitalization of $6.26 billion, a P/E ratio of 15.40, a P/E/G ratio of 2.55 and a beta of 1.20. The business has a fifty day simple moving average of $102.46 and a two-hundred day simple moving average of $110.82. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13.

Mohawk Industries (NYSE:MHK) last posted its quarterly 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. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.74 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, analysts expect that Mohawk Industries, Inc. will post 8.67 earnings per share for the current year.

Insider Activity

In other news, insider Suzanne L. Helen sold 5,658 shares of Mohawk Industries stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $105.19, for a total value of $595,165.02. Following the completion of the transaction, the insider owned 61,935 shares in the company, valued at $6,514,942.65. This trade 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. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of Mohawk Industries stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total transaction of $527,650.00. Following the completion of the transaction, the chief executive officer owned 25,000 shares of the company’s stock, valued at $2,638,250. The trade was a 16.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 19,544 shares of company stock valued at $2,037,277 in the last quarter. Corporate insiders own 17.90% of the company’s stock.

About Mohawk Industries

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.