Cwm LLC Has $1.63 Million Position in Mohawk Industries, Inc. $MHK

Cwm LLC lifted its stake in Mohawk Industries, Inc. (NYSE:MHK) by 182.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,523 shares of the company’s stock after purchasing an additional 10,022 shares during the period. Cwm LLC’s holdings in Mohawk Industries were worth $1,627,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Apollon Wealth Management LLC acquired a new stake in shares of Mohawk Industries in the second quarter valued at approximately $229,000. Vontobel Holding Ltd. boosted its stake in Mohawk Industries by 9.4% in the second quarter. Vontobel Holding Ltd. now owns 3,898 shares of the company’s stock valued at $409,000 after acquiring an additional 334 shares during the last quarter. KLP Kapitalforvaltning AS boosted its stake in Mohawk Industries by 5.7% in the second quarter. KLP Kapitalforvaltning AS now owns 11,100 shares of the company’s stock valued at $1,164,000 after acquiring an additional 600 shares during the last quarter. Autumn Glory Partners LLC bought a new position in Mohawk Industries in the second quarter valued at approximately $265,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Mohawk Industries by 13.2% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,828 shares of the company’s stock valued at $821,000 after acquiring an additional 913 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Trading Up 0.4%

Shares of NYSE MHK opened at $127.44 on Monday. The company’s fifty day moving average is $129.50 and its 200-day moving average is $114.89. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 3.82 and a beta of 1.29. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $164.29. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, July 24th. The company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.62 by $0.15. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.30%. The firm’s revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.00 EPS. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. Equities research analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Insider Activity at Mohawk Industries

In related news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the business’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $120.81, for a total value of $1,932,960.00. Following the sale, the chief executive officer directly owned 33,600 shares of the company’s stock, valued at approximately $4,059,216. The trade was a 32.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Suzanne L. Helen sold 2,200 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $137.19, for a total transaction of $301,818.00. Following the completion of the sale, the insider directly owned 85,493 shares in the company, valued at $11,728,784.67. This represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,791 shares of company stock valued at $4,357,225. 17.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on MHK. Robert W. Baird raised their price objective on shares of Mohawk Industries from $130.00 to $142.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Evercore ISI reduced their price objective on shares of Mohawk Industries from $124.00 to $123.00 and set an “in-line” rating on the stock in a research note on Monday, July 28th. Barclays raised their price objective on shares of Mohawk Industries from $111.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, July 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Mohawk Industries in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price target on shares of Mohawk Industries from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 11th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $140.54.

About Mohawk Industries

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.