BI Asset Management Fondsmaeglerselskab A S Buys 19,545 Shares of Mohawk Industries, Inc. $MHK

BI Asset Management Fondsmaeglerselskab A S lifted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 455.1% in the 1st quarter, HoldingsChannel reports. The firm owned 23,840 shares of the company’s stock after buying an additional 19,545 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Mohawk Industries were worth $2,347,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Bayforest Capital Ltd bought a new position in Mohawk Industries during the fourth quarter valued at $27,000. Global Retirement Partners LLC raised its stake in shares of Mohawk Industries by 950.0% in the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after buying an additional 228 shares during the period. Transamerica Financial Advisors LLC raised its stake in shares of Mohawk Industries by 216.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock valued at $30,000 after buying an additional 188 shares during the period. Salomon & Ludwin LLC purchased a new position in shares of Mohawk Industries during the 4th quarter valued at $43,000. Finally, Danske Bank A S purchased a new position in shares of Mohawk Industries during the 3rd quarter valued at $52,000. Institutional investors own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MHK shares. Weiss Ratings cut Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. Barclays cut their target price on shares of Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. JPMorgan Chase & Co. lowered their price target on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Robert W. Baird dropped their price target on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Finally, Wells Fargo & Company dropped their price target 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. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $123.33.

Mohawk Industries Trading Down 1.1%

Shares of Mohawk Industries stock opened at $108.72 on Wednesday. The company’s 50-day moving average price is $104.86 and its 200-day moving average price is $110.61. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13. The company has a market cap of $6.63 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 2.73 and a beta of 1.20.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.90 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 analysts’ expectations of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. Mohawk Industries’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, equities analysts expect that Mohawk Industries, Inc. will post 8.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Mohawk Industries

In related news, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the business’s 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 directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Suzanne L. Helen sold 16,600 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 14,132 shares in the company, valued at $1,596,492.04. This represents a 54.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 40,186 shares of company stock worth $4,460,321. 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.