IFP Advisors Inc Has $62,000 Stake in Mohawk Industries, Inc. $MHK

IFP Advisors Inc decreased its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 93.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 563 shares of the company’s stock after selling 8,353 shares during the quarter. IFP Advisors Inc’s holdings in Mohawk Industries were worth $62,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Bayforest Capital Ltd acquired a new position in Mohawk Industries during the fourth quarter worth $27,000. Salomon & Ludwin LLC acquired a new stake in Mohawk Industries in the fourth quarter valued at $43,000. Danske Bank A S acquired a new stake in Mohawk Industries in the third quarter valued at $52,000. Advisory Services Network LLC acquired a new stake in Mohawk Industries in the third quarter valued at $64,000. Finally, Signaturefd LLC lifted its stake in Mohawk Industries by 20.7% in the fourth quarter. Signaturefd LLC now owns 671 shares of the company’s stock valued at $73,000 after acquiring an additional 115 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

MHK opened at $105.71 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23. The business has a fifty day simple moving average of $102.13 and a 200 day simple moving average of $110.94. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13. The company has a market capitalization of $6.44 billion, a PE ratio of 15.85, a price-to-earnings-growth ratio of 2.66 and a beta of 1.20.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.10. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter last year, the business earned $1.52 EPS. The company’s quarterly 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. Research analysts expect that Mohawk Industries, Inc. will post 8.67 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group reiterated a “neutral” rating and issued a $140.00 price target on shares of Mohawk Industries in a research note on Monday, February 16th. Bank of America reiterated a “neutral” rating and issued a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. JPMorgan Chase & Co. cut their price target on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Truist Financial cut their price target on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Finally, Weiss Ratings cut shares of Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. One equities 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $123.33.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 5,658 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $105.19, for a total transaction of $595,165.02. Following the transaction, the insider directly owned 61,935 shares of the company’s stock, valued at approximately $6,514,942.65. This trade represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $105.53, for a total transaction of $527,650.00. Following the completion of the sale, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at $2,638,250. This represents a 16.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 16,700 shares of company stock worth $1,736,819. 17.90% of the stock is owned by insiders.

Mohawk Industries Company 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.