M&T Bank Corp Buys New Stake in Mohawk Industries, Inc. $MHK

M&T Bank Corp bought a new stake in Mohawk Industries, Inc. (NYSE:MHK) in the fourth quarter, HoldingsChannel.com reports. The fund bought 12,959 shares of the company’s stock, valued at approximately $1,416,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Root Financial Partners LLC purchased a new position in shares of Mohawk Industries in the third quarter valued at $25,000. Bayforest Capital Ltd purchased a new position in shares of Mohawk Industries in the fourth quarter valued at $27,000. Quent Capital LLC purchased a new position in shares of Mohawk Industries in the third quarter valued at $33,000. Salomon & Ludwin LLC purchased a new position in shares of Mohawk Industries in the fourth quarter valued at $43,000. Finally, SJS Investment Consulting Inc. grew its holdings in shares of Mohawk Industries by 5,385.7% in the third quarter. SJS Investment Consulting Inc. now owns 384 shares of the company’s stock valued at $50,000 after purchasing an additional 377 shares in the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 5,658 shares of Mohawk Industries stock in a transaction on Monday, March 9th. The shares were sold at an average price of $105.19, for a total transaction of $595,165.02. Following the completion of the transaction, the insider directly owned 61,935 shares of the company’s stock, valued at $6,514,942.65. The trade was a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 12,000 shares of company stock worth $1,246,336 over the last ninety days. 17.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MHK shares. Barclays cut their target price on shares of Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Wolfe Research lowered shares of Mohawk Industries from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Wall Street Zen lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Truist Financial lifted their price objective on shares of Mohawk Industries from $148.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Finally, UBS Group reaffirmed a “neutral” rating and set a $140.00 price objective on shares of Mohawk Industries in a research note on Monday, February 16th. One equities research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Mohawk Industries currently has a consensus rating of “Hold” and a consensus price target of $130.18.

Key Stories Impacting Mohawk Industries

Here are the key news stories impacting Mohawk Industries this week:

• Neutral Sentiment: The revisions are modest in magnitude (generally a few cents per quarter / a few tenths per year), so they may not reflect a sudden change in Mohawk’s fundamentals but do tighten near-term analyst expectations. Zacks revises estimates (MarketBeat)
• Negative Sentiment: Zacks Research cut multiple quarterly and annual EPS forecasts and left a “Strong Sell” rating in place — examples include Q2 2026 to $2.63 (from $2.65), Q4 2026 to $2.07 (from $2.08), Q2–Q4 2027 and Q1 2028 trims (each down a penny), FY2026 to $9.43 (from $9.46), FY2027 to $10.87 (from $10.91) and FY2028 to $11.90 (from $11.94). The repeated downgrades and the negative rating weigh on near-term sentiment and likely explain intraday selling pressure. Zacks revises estimates (MarketBeat)

Mohawk Industries Stock Down 3.4%

NYSE MHK opened at $102.65 on Thursday. The company has a quick ratio of 1.21, a current ratio of 2.19 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $106.99 and a two-hundred day moving average of $113.48. The firm has a market capitalization of $6.28 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 2.16 and a beta of 1.24. Mohawk Industries, Inc. has a 52 week low of $94.56 and a 52 week high of $143.13.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, February 12th. The company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.98 by $0.02. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.68 billion. Mohawk Industries had a net margin of 3.43% and a return on equity of 6.80%. Mohawk Industries’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.95 earnings per share. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. On average, analysts predict that Mohawk Industries, Inc. will post 9.08 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.