Mohawk Industries, Inc. $MHK Shares Bought by Paradice Investment Management LLC

Paradice Investment Management LLC raised its position in Mohawk Industries, Inc. (NYSE:MHK) by 14.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 238,835 shares of the company’s stock after purchasing an additional 29,278 shares during the quarter. Mohawk Industries accounts for approximately 5.1% of Paradice Investment Management LLC’s portfolio, making the stock its 8th largest holding. Paradice Investment Management LLC owned about 0.38% of Mohawk Industries worth $25,039,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MHK. HB Wealth Management LLC acquired a new position in Mohawk Industries during the first quarter valued at approximately $235,000. Mackenzie Financial Corp raised its stake in shares of Mohawk Industries by 73.2% in the 1st quarter. Mackenzie Financial Corp now owns 3,117 shares of the company’s stock valued at $356,000 after acquiring an additional 1,317 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Mohawk Industries by 326.3% during the 1st quarter. Federated Hermes Inc. now owns 243 shares of the company’s stock valued at $28,000 after acquiring an additional 186 shares in the last quarter. XTX Topco Ltd purchased a new stake in Mohawk Industries during the 1st quarter worth $750,000. Finally, Natixis Advisors LLC increased its holdings in Mohawk Industries by 8.6% in the 1st quarter. Natixis Advisors LLC now owns 83,607 shares of the company’s stock valued at $9,546,000 after purchasing an additional 6,632 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

Mohawk Industries stock opened at $115.54 on Friday. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $143.13. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. The stock has a market cap of $7.14 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31. The stock has a 50 day moving average of $118.78 and a 200-day moving average of $116.69.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $2.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.01). Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period in the prior year, the company earned $2.90 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 2,500 shares of Mohawk Industries stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $109.54, for a total value of $273,850.00. Following the completion of the transaction, the insider directly owned 79,878 shares in the company, valued at approximately $8,749,836.12. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 8,906 shares of company stock worth $1,067,603 over the last quarter. Company insiders own 17.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MHK. Evercore ISI reduced their price objective on Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 19th. Weiss Ratings reissued a “hold (c-)” rating on shares of Mohawk Industries in a research report on Friday, October 31st. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $150.00 price objective (up previously from $140.00) on shares of Mohawk Industries in a research report on Tuesday, October 21st. Barclays dropped their price objective on shares of Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Monday, October 27th. Finally, Vertical Research assumed coverage on shares of Mohawk Industries in a research note on Monday, October 20th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $138.00.

Mohawk Industries Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.