Tejara Capital Ltd Takes $1.02 Million Position in Mohawk Industries, Inc. $MHK

Tejara Capital Ltd bought a new position in Mohawk Industries, Inc. (NYSE:MHK) during the 2nd quarter, Holdings Channel reports. The fund bought 9,700 shares of the company’s stock, valued at approximately $1,017,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MHK. Yousif Capital Management LLC grew its position in shares of Mohawk Industries by 1.1% in the 2nd quarter. Yousif Capital Management LLC now owns 8,374 shares of the company’s stock worth $878,000 after buying an additional 88 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its holdings in Mohawk Industries by 40.6% in the first quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company’s stock valued at $55,000 after acquiring an additional 139 shares in the last quarter. AlphaQuest LLC increased its position in Mohawk Industries by 6.6% during the 1st quarter. AlphaQuest LLC now owns 2,351 shares of the company’s stock valued at $268,000 after purchasing an additional 145 shares during the period. Wedmont Private Capital raised its holdings in Mohawk Industries by 5.6% in the 2nd quarter. Wedmont Private Capital now owns 2,905 shares of the company’s stock worth $326,000 after purchasing an additional 153 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Mohawk Industries by 7.0% in the 2nd quarter. Fifth Third Bancorp now owns 2,645 shares of the company’s stock worth $277,000 after purchasing an additional 173 shares during the period. Institutional investors own 78.98% of the company’s stock.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,500 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $109.54, for a total transaction of $273,850.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 8,906 shares of company stock worth $1,067,603. Corporate insiders own 17.40% of the company’s stock.

Mohawk Industries Stock Performance

Mohawk Industries stock opened at $115.54 on Friday. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $143.13. The company has a quick ratio of 1.24, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $7.14 billion, a P/E ratio of 17.19, a PEG ratio of 2.38 and a beta of 1.31. The stock’s 50 day moving average is $118.78 and its 200 day moving average is $116.69.

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

Analyst Ratings Changes

Several brokerages recently issued reports on MHK. Wells Fargo & Company reiterated a “neutral” rating and set a $130.00 price target on shares of Mohawk Industries in a research report on Monday, October 27th. Evercore ISI reduced their target price on Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating on the stock in a report on Wednesday, November 19th. Barclays lowered their target price on Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating for the company in a research note on Monday, October 27th. Vertical Research began coverage on Mohawk Industries in a research note on Monday, October 20th. They issued a “buy” rating on the stock. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $150.00 price objective (up previously from $140.00) on shares of Mohawk Industries in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.