Boothbay Fund Management LLC Has $11.74 Million Stake in Mohawk Industries, Inc. $MHK

Boothbay Fund Management LLC raised its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 117.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 107,394 shares of the company’s stock after acquiring an additional 57,911 shares during the period. Boothbay Fund Management LLC’s holdings in Mohawk Industries were worth $11,738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Mohawk Industries during the 4th quarter worth approximately $77,528,000. AQR Capital Management LLC grew its holdings in shares of Mohawk Industries by 73.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock worth $200,922,000 after purchasing an additional 670,601 shares in the last quarter. Steadfast Capital Management LP grew its holdings in shares of Mohawk Industries by 96.3% during the 3rd quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock worth $120,837,000 after purchasing an additional 459,700 shares in the last quarter. Candlestick Capital Management LP acquired a new stake in shares of Mohawk Industries during the 3rd quarter worth approximately $53,320,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of Mohawk Industries during the 3rd quarter worth approximately $36,076,000. 78.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on MHK shares. Robert W. Baird decreased their price target on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Wall Street Zen lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Deutsche Bank Aktiengesellschaft set a $109.00 price target on Mohawk Industries in a research note on Tuesday, May 5th. Bank of America reaffirmed 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. Finally, Zacks Research lowered Mohawk Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Mohawk Industries currently has a consensus rating of “Hold” and an average target price of $123.33.

Mohawk Industries Trading Down 3.2%

Shares of MHK opened at $107.94 on Thursday. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13. The firm has a market capitalization of $6.58 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 2.77 and a beta of 1.20. The stock’s fifty day simple moving average is $104.08 and its 200-day simple moving average is $110.74.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The firm’s revenue for the quarter 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. As a group, research analysts predict that Mohawk Industries, Inc. will post 8.67 earnings per share for the current year.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $112.68, for a total value of $338,040.00. Following the completion of the sale, the insider owned 35,732 shares in the company, valued at approximately $4,026,281.76. This represents a 7.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $112.08, for a total value of $504,360.00. Following the completion of the sale, the chief executive officer owned 20,000 shares of the company’s stock, valued at $2,241,600. This represents a 18.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 18,586 shares of company stock valued at $2,025,419 in the last quarter. 17.90% of the stock is currently owned by corporate 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.