Brandes Investment Partners LP Increases Stake in Mohawk Industries, Inc. $MHK

Brandes Investment Partners LP increased its position in Mohawk Industries, Inc. (NYSE:MHK) by 20.4% in the 4th quarter, HoldingsChannel reports. The fund owned 1,102,574 shares of the company’s stock after purchasing an additional 186,649 shares during the period. Brandes Investment Partners LP’s holdings in Mohawk Industries were worth $120,513,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its holdings in Mohawk Industries by 8.9% in the 4th quarter. Cerity Partners LLC now owns 46,675 shares of the company’s stock worth $5,102,000 after acquiring an additional 3,830 shares during the last quarter. LPL Financial LLC increased its holdings in Mohawk Industries by 17.4% in the 4th quarter. LPL Financial LLC now owns 10,346 shares of the company’s stock worth $1,131,000 after acquiring an additional 1,530 shares during the last quarter. CenterBook Partners LP increased its holdings in Mohawk Industries by 36.8% in the 4th quarter. CenterBook Partners LP now owns 16,271 shares of the company’s stock worth $1,778,000 after acquiring an additional 4,373 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in Mohawk Industries by 88.4% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,295 shares of the company’s stock worth $469,000 after acquiring an additional 2,015 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Mohawk Industries by 56.5% in the fourth quarter. Parallel Advisors LLC now owns 507 shares of the company’s stock worth $55,000 after acquiring an additional 183 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries Trading Up 5.7%

Shares of MHK stock opened at $107.17 on Wednesday. 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 $6.53 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 2.52 and a beta of 1.20. The business’s fifty day moving average is $102.74 and its 200 day moving average is $110.87.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter last year, the business posted $1.52 earnings per share. The firm’s revenue was up 8.0% compared to the same quarter last year. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, equities research analysts anticipate that Mohawk Industries, Inc. will post 8.67 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was 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. This trade represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Suzanne L. Helen sold 1,887 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $106.06, for a total value of $200,135.22. Following the completion of the sale, the insider owned 48,049 shares in the company, valued at $5,096,076.94. This trade represents a 3.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,844 shares of company stock worth $1,328,128 in the last quarter. 17.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MHK. Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Robert W. Baird dropped their price objective on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Royal Bank Of Canada increased their price objective on Mohawk Industries from $122.00 to $135.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft set a $109.00 price objective on Mohawk Industries in a report on Tuesday, May 5th. Finally, Bank of America reissued a “neutral” rating and set a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $123.33.

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.