QSM Asset Management Ltd Sells 9,073 Shares of Mohawk Industries, Inc. $MHK

QSM Asset Management Ltd cut its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 12.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,536 shares of the company’s stock after selling 9,073 shares during the quarter. Mohawk Industries comprises 6.0% of QSM Asset Management Ltd’s portfolio, making the stock its 8th largest position. QSM Asset Management Ltd owned approximately 0.11% of Mohawk Industries worth $8,355,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MTM Investment Management LLC bought a new position in shares of Mohawk Industries in the 2nd quarter worth $28,000. Ossiam lifted its stake in Mohawk Industries by 131.6% in the second quarter. Ossiam now owns 915 shares of the company’s stock valued at $96,000 after buying an additional 520 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Mohawk Industries by 837.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,087 shares of the company’s stock worth $114,000 after buying an additional 971 shares during the last quarter. Rexford Capital Inc. bought a new position in Mohawk Industries during the second quarter worth about $118,000. Finally, Mufg Securities Americas Inc. grew its position in shares of Mohawk Industries by 23.9% during the 2nd quarter. Mufg Securities Americas Inc. now owns 1,150 shares of the company’s stock worth $121,000 after buying an additional 222 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 2,700 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $109.00, for a total transaction of $294,300.00. Following the completion of the transaction, the insider owned 67,893 shares of the company’s stock, valued at $7,400,337. This represents a 3.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 17,600 shares of company stock valued at $1,945,754. Insiders own 17.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MHK shares. Vertical Research began coverage on shares of Mohawk Industries in a research report on Monday, October 20th. They issued a “buy” rating on the stock. Wall Street Zen downgraded shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Wells Fargo & Company reduced their price target on shares of Mohawk Industries from $125.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Monday, December 15th. Raymond James Financial restated 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. Finally, Jefferies Financial Group dropped their price objective on Mohawk Industries from $134.00 to $128.00 and set a “hold” rating on the stock in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $135.79.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $109.70 on Friday. The company has a fifty day moving average price of $112.78 and a 200 day moving average price of $117.69. The firm has a market cap of $6.78 billion, a PE ratio of 16.33, a PEG ratio of 2.23 and a beta of 1.23. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a 1-year low of $96.24 and a 1-year high of $143.13.

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

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.