<div id="readability-page-1"><p>Assenagon Asset Management S.A. lessened its holdings in  Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 85.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,691 shares of the company's stock after selling 21,726 shares during the period. Assenagon Asset Management S.A.'s holdings in Mohawk Industries were worth $476,000 at the end of the most recent quarter.</p><div><p><span></span><span>Get <strong>Mohawk Industries</strong> alerts:</span></p></div><ul><li>Falling Inflation Sparks Optimism for These 3 Home Builder Stocks</li></ul><p>Several other institutional investors also recently bought and sold shares of MHK. Invesco Ltd. boosted its position in  Mohawk Industries by 7.4% during the 2nd quarter. Invesco Ltd. now owns 1,957,197 shares of the company's stock valued at $205,192,000 after acquiring an additional 135,246 shares in the last quarter.  State Street Corp lifted its stake in shares of  Mohawk Industries by 2.1% during the 2nd quarter. State Street Corp now owns 1,915,831 shares of the company's stock worth $200,856,000 after purchasing an additional 39,556 shares during the last quarter.  Massachusetts Financial Services Co. MA boosted its position in  Mohawk Industries by 28.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,820,314 shares of the company's stock valued at $190,842,000 after purchasing an additional 398,349 shares in the last quarter.  Ariel Investments LLC grew its stake in  Mohawk Industries by 3.4% in the first quarter. Ariel Investments LLC now owns 1,743,574 shares of the company's stock valued at $199,081,000 after purchasing an additional 57,391 shares during the last quarter.  Finally, Select Equity Group L.P. raised its holdings in  Mohawk Industries by 3.4% in the first quarter. Select Equity Group L.P. now owns 1,547,651 shares of the company's stock worth $176,711,000 after purchasing an additional 50,232 shares in the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors. </p><h2>Wall Street Analyst Weigh In</h2><p>A number of analysts have recently weighed in on the stock. Barclays  set a $121.00 price target on shares of Mohawk Industries in a report on Monday, December 8th. Raymond James Financial  reissued a &#34;strong-buy&#34; rating and set a $150.00 target price (up previously from $140.00) on shares of Mohawk Industries in a research report on Tuesday, October 21st. Jefferies Financial Group cut their price target on shares of Mohawk Industries from $134.00 to $128.00 and set a &#34;hold&#34; rating on the stock in a report on Monday, December 15th. Wall Street Zen downgraded Mohawk Industries from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, December 20th. Finally, Vertical Research began coverage on Mohawk Industries in a research report on Monday, October 20th. They issued a &#34;buy&#34; rating for the company. One investment analyst  has rated the stock with a Strong Buy rating, eight have issued  a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $135.79.</p><ul><li>Tip The Risk / Reward Scale In your Favor With These 3 Names</li></ul><p><b>Get Our Latest Analysis on Mohawk Industries</b></p><h2>Insider Buying and Selling at Mohawk Industries</h2><p>In other news, insider Suzanne L. Helen sold 3,500 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $110.36, for a total transaction of $386,260.00. Following the sale, the insider directly owned 70,593 shares of the company's stock, valued at $7,790,643.48. This represents a 4.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 17,600 shares of company stock valued at $1,945,754 in the last three months. Corporate insiders own  17.40% of the company's stock. </p><h2>Mohawk Industries Trading Up 0.7%</h2><p>Shares of NYSE:MHK opened at $109.70 on Friday. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a 12-month low of $96.24 and a 12-month high of $143.13. The business has a 50 day moving average of $112.78 and a two-hundred day moving average of $117.69. The company has a market capitalization of $6.78 billion, a PE ratio of 16.33, a PEG ratio of 2.23 and a beta of 1.23. </p><p>Mohawk Industries (NYSE:MHK - Get Free Report) last posted its earnings results on Thursday, October 23rd. The company reported $2.67 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.01). Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The firm had revenue of $2.76 billion for the quarter, compared to analysts' expectations of $2.73 billion. During the same period last year, the firm earned $2.90 earnings per share. Mohawk Industries's revenue for the quarter was up 1.4% compared to the same quarter last year. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS.  As a group, analysts forecast that  Mohawk Industries, Inc. will post 9.8 EPS for the current year. </p><h2>Mohawk Industries Company Profile</h2> (Free Report)<p>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.  </p><p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Mohawk Industries</li><li>Put $1,000 into this stock by Jan 1 [Not NVDA]</li><li>Turn your &#34;dead money&#34; into $306+ monthly (starting this month)</li><li>Washington prepares for war</li><li>Strange Crystal Metal Outperforms Silicon Up to 100X</li><li>33,000% boom from weird new “AI Fuel?”</li></ul><p><strong>Want to see what other hedge funds are holding MHK?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mohawk Industries, Inc. (NYSE:MHK - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1ISw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1ISw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Mohawk Industries Right Now?</h2><p>Before you consider Mohawk Industries, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mohawk Industries wasn't on the list.</p><p>While Mohawk Industries currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Assenagon Asset Management S.A. reduced its stake in Mohawk Industries by 85.5% in Q3, selling 21,726 shares. The firm now holds 3,691 shares worth $476,000. Mohawk's stock has a moderate buy rating with an average target price of $135.79. Insider Suzanne L. Helen sold 3,500 shares, and the stock is trading at $109.70, up 0.7%.</p>

Assenagon Asset Management S.A. Sells 21,726 Shares of Mohawk Industries, Inc. $MHK