Legal & General Group Plc purchased a new position in shares of Mohawk Industries, Inc. (NYSE:MHK – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 110,518 shares of the company’s stock, valued at approximately $13,409,000. Legal & General Group Plc owned 0.16% of Mohawk Industries as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in MHK. Goldman Sachs Group Inc. grew its position in Mohawk Industries by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock worth $39,369,000 after buying an additional 42,655 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Mohawk Industries by 0.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock valued at $22,148,000 after acquiring an additional 1,175 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Mohawk Industries during the 1st quarter worth approximately $149,000. Creative Planning grew its holdings in shares of Mohawk Industries by 10.2% in the 2nd quarter. Creative Planning now owns 3,730 shares of the company’s stock worth $391,000 after acquiring an additional 346 shares during the period. Finally, CW Advisors LLC purchased a new position in Mohawk Industries in the 2nd quarter valued at approximately $280,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on MHK shares. Truist Financial boosted their target price on Mohawk Industries from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Evercore set a $110.00 price target on Mohawk Industries in a research note on Monday, May 4th. Weiss Ratings upgraded shares of Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Royal Bank Of Canada raised their price objective on shares of Mohawk Industries from $117.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Monday, August 3rd. Finally, Wells Fargo & Company boosted their target price on shares of Mohawk Industries from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. One 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. According to data from MarketBeat.com, Mohawk Industries presently has an average rating of “Hold” and an average price target of $130.50.
Insider Buying and Selling
In related news, insider Suzanne L. Helen sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $139.48, for a total transaction of $139,480.00. Following the sale, the insider directly owned 6,132 shares in the company, valued at approximately $855,291.36. This trade represents a 14.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey S. Lorberbaum sold 5,764 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $131.76, for a total value of $759,464.64. Following the completion of the transaction, the chief executive officer owned 79,625 shares of the company’s stock, valued at approximately $10,491,390. This represents a 6.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 115,882 shares of company stock worth $14,603,948 over the last three months. 17.90% of the stock is currently owned by corporate insiders.
Mohawk Industries Trading Up 0.3%
NYSE MHK opened at $130.29 on Monday. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.88 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.92. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $143.13. The company’s 50 day moving average price is $122.45 and its 200 day moving average price is $112.99.
Mohawk Industries (NYSE:MHK – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $3.67 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $1.09. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter last year, the firm posted $2.77 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, sell-side analysts predict that Mohawk Industries, Inc. will post 9.9 EPS 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.
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