Parkside Investments LLC Acquires 1,000 Shares of Mohawk Industries, Inc. $MHK

Parkside Investments LLC increased its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 12.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,000 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Parkside Investments LLC’s holdings in Mohawk Industries were worth $944,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. JPMorgan Chase & Co. grew its position in Mohawk Industries by 12.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company’s stock worth $414,017,000 after acquiring an additional 410,388 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Mohawk Industries by 7.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,964,190 shares of the company’s stock valued at $338,444,000 after buying an additional 213,429 shares during the last quarter. Invesco Ltd. boosted its position in Mohawk Industries by 5.6% in the 1st quarter. Invesco Ltd. now owns 1,821,951 shares of the company’s stock valued at $208,030,000 after buying an additional 96,568 shares during the last quarter. Ariel Investments LLC boosted its position in Mohawk Industries by 3.4% in the 1st quarter. Ariel Investments LLC now owns 1,743,574 shares of the company’s stock valued at $199,081,000 after buying an additional 57,391 shares during the last quarter. Finally, Select Equity Group L.P. boosted its position in Mohawk Industries by 3.4% in the 1st quarter. Select Equity Group L.P. now owns 1,547,651 shares of the company’s stock valued at $176,711,000 after buying an additional 50,232 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors.

Mohawk Industries Stock Performance

MHK opened at $128.03 on Tuesday. The business’s 50-day moving average price is $127.70 and its two-hundred day moving average price is $113.87. Mohawk Industries, Inc. has a 1 year low of $96.24 and a 1 year high of $164.29. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 2.80 and a beta of 1.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.13 and a quick ratio of 1.18.

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

Analyst Ratings Changes

MHK has been the topic of a number of recent research reports. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $123.00 price objective (up from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. Wells Fargo & Company raised their price target on Mohawk Industries from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 11th. JPMorgan Chase & Co. raised their price target on Mohawk Industries from $139.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Evercore ISI reduced their price target on Mohawk Industries from $124.00 to $123.00 and set an “in-line” rating on the stock in a research report on Monday, July 28th. Finally, Barclays raised their price target on Mohawk Industries from $111.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $141.93.

Insider Buying and Selling

In related news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of Mohawk Industries stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $120.81, for a total value of $1,932,960.00. Following the sale, the chief executive officer owned 33,600 shares of the company’s stock, valued at approximately $4,059,216. The trade was a 32.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Rodney David Patton sold 700 shares of Mohawk Industries stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $128.05, for a total value of $89,635.00. Following the completion of the sale, the vice president directly owned 17,804 shares in the company, valued at approximately $2,279,802.20. This represents a 3.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,791 shares of company stock worth $4,357,225 in the last three months. Insiders own 17.40% of the company’s stock.

Mohawk Industries Profile

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.