Mohawk Industries, Inc. $MHK Shares Sold by Russell Investments Group Ltd.

by · The Cerbat Gem

Russell Investments Group Ltd. trimmed its stake in shares of Mohawk Industries, Inc. (NYSE:MHK – Free Report) by 16.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 83,676 shares of the company’s stock after selling 16,586 shares during the quarter. Russell Investments Group Ltd.’s holdings in Mohawk Industries were worth $8,773,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Federated Hermes Inc. raised its holdings in Mohawk Industries by 326.3% during the 1st quarter. Federated Hermes Inc. now owns 243 shares of the company’s stock worth $28,000 after buying an additional 186 shares during the period. MTM Investment Management LLC acquired a new stake in shares of Mohawk Industries during the second quarter valued at approximately $28,000. Brooklyn Investment Group raised its holdings in shares of Mohawk Industries by 2,506.3% during the first quarter. Brooklyn Investment Group now owns 417 shares of the company’s stock valued at $48,000 after acquiring an additional 401 shares during the period. Resona Asset Management Co. Ltd. lifted its position in shares of Mohawk Industries by 40.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 481 shares of the company’s stock valued at $55,000 after acquiring an additional 139 shares in the last quarter. Finally, Mufg Securities Americas Inc. boosted its stake in Mohawk Industries by 23.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 1,150 shares of the company’s stock worth $121,000 after purchasing an additional 222 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 500 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $115.11, for a total transaction of $57,555.00. Following the transaction, the insider directly owned 78,243 shares in the company, valued at $9,006,551.73. The trade was a 0.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 10,541 shares of company stock worth $1,256,543 over the last 90 days. 17.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MHK shares. Wells Fargo & Company restated a “neutral” rating and issued a $130.00 target price on shares of Mohawk Industries in a report on Monday, October 27th. Vertical Research started coverage on Mohawk Industries in a research note on Monday, October 20th. They set a “buy” rating on the stock. Barclays reduced their price target on shares of Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating for the company in a research report on Monday, October 27th. Evercore ISI cut their target price on shares of Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a research report on Wednesday, November 19th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Mohawk Industries presently has an average rating of “Moderate Buy” and an average target price of $138.00.

Check Out Our Latest Report on Mohawk Industries

Mohawk Industries Trading Up 0.6%

Shares of MHK stock opened at $115.32 on Thursday. The firm has a market capitalization of $7.13 billion, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 2.34 and a beta of 1.23. Mohawk Industries, Inc. has a 1 year low of $96.24 and a 1 year high of $143.13. The firm’s fifty day simple moving average is $117.72 and its 200 day simple moving average is $116.92. 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 (NYSE:MHK – Get Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $2.67 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.01). Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the company earned $2.90 earnings per share. Mohawk Industries’s revenue for the quarter was up 1.4% on a year-over-year basis. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. As a group, sell-side analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Mohawk Industries Company Profile

(Free Report)

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.

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