Pzena Investment Management LLC Purchases Shares of 1,142,841 Mohawk Industries, Inc. $MHK

Pzena Investment Management LLC purchased a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) in the 2nd quarter, Holdings Channel reports. The fund purchased 1,142,841 shares of the company’s stock, valued at approximately $138,661,000.

Other institutional investors have also recently made changes to their positions in the company. Rexford Capital Inc. boosted its holdings in shares of Mohawk Industries by 10.1% in the fourth quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock worth $119,000 after buying an additional 100 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Mohawk Industries by 0.6% during 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 increased its holdings in Mohawk Industries by 1.8% during the first quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock valued at $560,000 after buying an additional 101 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Mohawk Industries by 7.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock worth $171,000 after acquiring an additional 105 shares during the period. Finally, Elevation Wealth Partners LLC raised its position in Mohawk Industries by 122.2% in the second quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock worth $27,000 after acquiring an additional 121 shares during the period. Institutional investors own 78.98% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jeffrey S. Lorberbaum sold 5,764 shares of the company’s stock in a transaction dated 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 $10,491,390. This represents a 6.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Bernard Thiers sold 13,393 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $134.98, for a total value of $1,807,787.14. Following the sale, the director owned 93,633 shares of the company’s stock, valued at $12,638,582.34. This represents a 12.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 119,882 shares of company stock worth $14,992,118. 17.90% of the stock is currently owned by corporate insiders.

Mohawk Industries Stock Performance

MHK opened at $135.20 on Tuesday. The company has a 50 day simple moving average of $118.11 and a two-hundred day simple moving average of $112.49. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13. The firm has a market cap of $9.16 billion, a P/E ratio of 17.91, a PEG ratio of 2.07 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.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, July 30th. The company reported $3.67 EPS for the quarter, beating the consensus estimate of $2.58 by $1.09. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period last year, the firm earned $2.77 EPS. The company’s revenue was up 6.8% on a year-over-year basis. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Equities analysts forecast that Mohawk Industries, Inc. will post 9.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MHK has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Robert W. Baird raised their target price on Mohawk Industries from $112.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $121.00 price target on shares of Mohawk Industries in a report on Tuesday, August 4th. Finally, Weiss Ratings upgraded Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $130.50.

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.