John G Ullman & Associates Inc. Purchases New Position in Mohawk Industries, Inc. $MHK

John G Ullman & Associates Inc. acquired a new stake in Mohawk Industries, Inc. (NYSE:MHK) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,386 shares of the company’s stock, valued at approximately $1,121,000.

Several other hedge funds also recently made changes to their positions in MHK. Bayforest Capital Ltd purchased a new stake in shares of Mohawk Industries in the 4th quarter valued at about $27,000. Global Retirement Partners LLC boosted its position in shares of Mohawk Industries by 950.0% in the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after purchasing an additional 228 shares during the period. Transamerica Financial Advisors LLC grew its stake in Mohawk Industries by 216.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after buying an additional 188 shares during the last quarter. SJS Investment Consulting Inc. increased its position in Mohawk Industries by 105.7% during the first quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock worth $32,000 after buying an additional 166 shares during the period. Finally, Salomon & Ludwin LLC acquired a new position in Mohawk Industries during the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer owned 25,000 shares in the company, valued at approximately $2,638,250. This trade represents a 16.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Suzanne L. Helen sold 16,600 shares of the business’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 in the company, valued at approximately $1,596,492.04. This trade represents a 54.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 40,186 shares of company stock worth $4,460,321. 17.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on MHK. Evercore set a $110.00 price objective on Mohawk Industries in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $109.00 target price on shares of Mohawk Industries in a report on Tuesday, May 5th. Weiss Ratings downgraded shares of Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. Truist Financial decreased 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, Zacks Research raised shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $124.42.

Mohawk Industries Stock Down 2.6%

Mohawk Industries stock opened at $111.71 on Friday. The stock has a 50 day moving average of $108.30 and a two-hundred day moving average of $111.24. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $143.13. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 2.83 and a beta of 1.18. 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 released its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 previous year, the company 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. As a group, research analysts expect that Mohawk Industries, Inc. will post 8.71 earnings per share for the current year.

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.