California State Teachers Retirement System lifted its position in Mohawk Industries, Inc. (NYSE:MHK – Free Report) by 23.9% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 61,204 shares of the company’s stock after acquiring an additional 11,807 shares during the period. California State Teachers Retirement System’s holdings in Mohawk Industries were worth $6,026,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MHK. Bayforest Capital Ltd acquired a new stake in Mohawk Industries in the fourth quarter valued at $27,000. Global Retirement Partners LLC increased its stake in shares of Mohawk Industries by 950.0% during the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after purchasing an additional 228 shares during the last quarter. Transamerica Financial Advisors LLC increased its stake in shares of 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 purchasing an additional 188 shares during the last quarter. SJS Investment Consulting Inc. raised its holdings in shares of Mohawk Industries by 105.7% in the 1st quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock valued at $32,000 after purchasing an additional 166 shares during the period. Finally, Salomon & Ludwin LLC bought a new stake in shares of Mohawk Industries in the 4th quarter valued at about $43,000. 78.98% of the stock is owned by institutional investors.
Mohawk Industries Trading Down 0.7%
Shares of MHK stock opened at $135.63 on Thursday. The stock has a market cap of $9.19 billion, a P/E ratio of 17.96, a price-to-earnings-growth ratio of 2.83 and a beta of 1.18. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. The stock has a 50 day simple moving average of $113.10 and a 200 day simple moving average of $111.67.
Analyst Ratings Changes
A number of research firms recently commented on MHK. Robert W. Baird lifted their price target on Mohawk Industries from $112.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday. Zacks Research upgraded Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Bank of America reaffirmed a “neutral” rating and issued a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. Weiss Ratings upgraded Mohawk Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company boosted their target price on Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $130.50.
View Our Latest Stock Report on MHK
Key Stories Impacting Mohawk Industries
Here are the key news stories impacting Mohawk Industries this week:
- Positive Sentiment: Truist raised its price target to $155 and maintained a Buy rating, citing confidence in Mohawk’s earnings recovery and operating improvements. Wells Fargo also increased its target to $125, although it retained an Equal Weight rating. Analyst price-target updates
- Positive Sentiment: Mohawk’s second-quarter results substantially exceeded expectations. EPS was $3.67 versus the $2.58 consensus estimate, while revenue reached $2.99 billion compared with expectations of $2.79 billion. Revenue increased 6.8% year over year, helped by pricing, productivity and stronger product execution. Mohawk Q2 earnings analysis
- Positive Sentiment: Productivity initiatives, restructuring benefits, pricing actions and improved cash generation strengthen the recovery case, even as the housing market remains challenging. Mohawk guided to third-quarter EPS of $2.38-$2.48. Mohawk investment analysis
- Neutral Sentiment: Investors are now focused on margin durability. The next catalyst is evidence that wider margins can persist without comparable tariff-refund benefits, particularly while residential flooring demand remains subdued. Margin durability analysis
- Negative Sentiment: Insider selling is adding caution. Director Suzanne L. Helen sold 7,000 shares for approximately $920,640, reducing her position by nearly half. Chief Accounting Officer David Lee Repp separately sold 225 shares for about $29,383. The transactions are not necessarily fundamental signals, but may pressure sentiment after the recent rally. Suzanne Helen SEC filing David Repp SEC filing
- Negative Sentiment: Valuation and analyst caution may limit near-term upside. Wells Fargo and Barclays maintain neutral ratings, while the consensus price target of $130.50 is below recent trading levels. Weak housing demand remains a key risk to the recovery. Mohawk recent performance analysis
Insider Transactions at Mohawk Industries
In related news, insider Suzanne L. Helen sold 7,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $131.52, for a total transaction of $920,640.00. Following the completion of the sale, the insider owned 7,132 shares of the company’s stock, valued at $938,000.64. This represents a 49.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO David Lee Repp sold 225 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $130.59, for a total transaction of $29,382.75. Following the sale, the chief accounting officer owned 1,786 shares in the company, valued at $233,233.74. The trade was a 11.19% 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 106,489 shares of company stock valued at $13,184,331. 17.90% of the stock is owned by corporate insiders.
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.
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