Principal Financial Group Inc. Buys 4,929 Shares of Mohawk Industries, Inc. $MHK

Posted by George Bondi on Jul 21st, 2026

Principal Financial Group Inc. boosted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK – Free Report) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,621 shares of the company’s stock after purchasing an additional 4,929 shares during the quarter. Principal Financial Group Inc.’s holdings in Mohawk Industries were worth $24,775,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Rexford Capital Inc. grew its position in Mohawk Industries by 10.1% in the 4th quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock worth $119,000 after purchasing an additional 100 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Mohawk Industries by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock valued at $2,224,000 after buying an additional 100 shares during the period. Sequoia Financial Advisors LLC grew its position in Mohawk Industries by 1.8% during the first quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock worth $560,000 after buying an additional 101 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Mohawk Industries by 7.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock worth $171,000 after buying an additional 105 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Mohawk Industries by 20.7% during 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 period. 78.98% of the stock is owned by institutional investors.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 16,600 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $112.97, for a total value of $1,875,302.00. Following the completion of the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $112.08, for a total transaction of $504,360.00. Following the completion of the transaction, the chief executive officer directly owned 20,000 shares of the company’s stock, valued at approximately $2,241,600. This represents a 18.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 40,186 shares of company stock worth $4,460,321. Insiders own 17.90% of the company’s stock.

Mohawk Industries Trading Down 2.9%

Shares of MHK opened at $108.24 on Tuesday. The stock has a fifty day moving average price of $108.44 and a two-hundred day moving average price of $111.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. Mohawk Industries, Inc. has a 52-week low of $92.99 and a 52-week high of $143.13. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 2.75 and a beta of 1.18.

Mohawk Industries (NYSE:MHK – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $1.90 EPS 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 company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter in the prior year, the business earned $1.52 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Analysts predict that Mohawk Industries, Inc. will post 8.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barclays upped their price target on Mohawk Industries from $96.00 to $109.00 and gave the company an “equal weight” rating in a report on Tuesday, July 14th. Robert W. Baird decreased their price objective on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Wells Fargo & Company lowered their price objective on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Truist Financial reduced their target price on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Finally, Evercore set a $110.00 price target on shares of Mohawk Industries in a research note on Monday, May 4th. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, Mohawk Industries has an average rating of “Hold” and a consensus target price of $124.42.

Check Out Our Latest Stock Report on Mohawk Industries

Mohawk Industries Profile

(Free Report)

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.