Inceptionr LLC Takes Position in Mohawk Industries, Inc. $MHK

Inceptionr LLC acquired a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,735 shares of the company’s stock, valued at approximately $466,000.

A number of other large investors have also recently made changes to their positions in the company. Sei Investments Co. lifted its stake in Mohawk Industries by 24.4% in the first quarter. Sei Investments Co. now owns 62,379 shares of the company’s stock worth $6,142,000 after acquiring an additional 12,218 shares during the last quarter. Lido Advisors LLC purchased a new position in Mohawk Industries in the first quarter valued at $285,000. First Trust Advisors LP raised its stake in Mohawk Industries by 3.4% in the first quarter. First Trust Advisors LP now owns 131,854 shares of the company’s stock valued at $12,982,000 after buying an additional 4,291 shares in the last quarter. Earned Wealth Advisors LLC purchased a new stake in Mohawk Industries during the 1st quarter worth about $208,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Mohawk Industries by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,219,318 shares of the company’s stock worth $316,962,000 after acquiring an additional 80,761 shares in the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $113.16 on Monday. The stock has a market cap of $6.90 billion, a P/E ratio of 16.97, a P/E/G ratio of 2.81 and a beta of 1.18. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $143.13. The stock has a 50 day moving average of $109.43 and a two-hundred day moving average of $111.27. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last announced its earnings results 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 net margin of 3.77% and a return on equity of 6.96%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the firm posted $1.52 earnings per share. The company’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. On average, research analysts forecast that Mohawk Industries, Inc. will post 8.67 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 16,600 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the transaction, the insider owned 14,132 shares of the company’s stock, valued at $1,596,492.04. This trade represents a 54.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $105.53, for a total value of $527,650.00. Following the sale, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at approximately $2,638,250. This represents a 16.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 40,186 shares of company stock worth $4,460,321. 17.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MHK. Weiss Ratings raised Mohawk Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday. Zacks Research upgraded shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Evercore set a $110.00 price objective on shares of Mohawk Industries in a research report on Monday, May 4th. Robert W. Baird dropped their target price on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $124.42.

About Mohawk Industries

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.