SG Americas Securities LLC Has $19.73 Million Stake in Mohawk Industries, Inc. $MHK

SG Americas Securities LLC increased its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 491.1% during the first quarter, HoldingsChannel reports. The fund owned 200,382 shares of the company’s stock after buying an additional 166,485 shares during the quarter. SG Americas Securities LLC’s holdings in Mohawk Industries were worth $19,730,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Bayforest Capital Ltd acquired a new stake in shares of Mohawk Industries during the fourth quarter valued at about $27,000. Global Retirement Partners LLC increased 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 holdings in Mohawk Industries by 216.1% in the 4th 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 last quarter. Salomon & Ludwin LLC acquired a new stake in Mohawk Industries during the 4th quarter worth approximately $43,000. Finally, Danske Bank A S bought a new stake in Mohawk Industries during the 3rd quarter worth approximately $52,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Evercore set a $110.00 price target on shares of Mohawk Industries in a research note on Monday, May 4th. Weiss Ratings lowered Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. Barclays cut their target price on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Bank of America reiterated a “neutral” rating and issued a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. Finally, Wall Street Zen raised Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Mohawk Industries presently has an average rating of “Hold” and an average price target of $123.33.

Insider Activity

In other news, insider Suzanne L. Helen sold 16,600 shares of the business’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 transaction, the insider directly owned 14,132 shares of the company’s stock, valued at $1,596,492.04. The trade was a 54.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $105.53, for a total value of $527,650.00. Following the sale, the chief executive officer owned 25,000 shares in the company, valued at approximately $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. Over the last three months, insiders sold 40,186 shares of company stock valued at $4,460,321. Corporate insiders own 17.90% of the company’s stock.

Mohawk Industries Stock Up 1.5%

Shares of NYSE MHK opened at $120.87 on Friday. The company’s 50 day moving average price is $105.45 and its 200-day moving average price is $110.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. Mohawk Industries, Inc. has a 52-week low of $92.99 and a 52-week high of $143.13. The company has a market capitalization of $7.37 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 2.94 and a beta of 1.20.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data 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 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Equities analysts forecast that Mohawk Industries, Inc. will post 8.71 earnings per share for the current year.

Mohawk Industries Profile

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.