Deutsche Bank AG Buys Shares of 21,708 Mohawk Industries, Inc. $MHK

Deutsche Bank AG acquired a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the second quarter, Holdings Channel reports. The institutional investor acquired 21,708 shares of the company’s stock, valued at approximately $2,634,000.

Several other large investors also recently bought and sold shares of MHK. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Mohawk Industries during the 2nd quarter worth $25,000. Basecamp Wealth Advisors LLC boosted its stake in Mohawk Industries by 2,281.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock valued at $26,000 after acquiring an additional 251 shares in the last quarter. Elevation Wealth Partners LLC grew its holdings in shares of Mohawk Industries by 122.2% during the second quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock worth $27,000 after purchasing an additional 121 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Mohawk Industries by 950.0% during the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after purchasing an additional 228 shares in the last quarter. Finally, Transamerica Financial Advisors LLC lifted its holdings in shares of Mohawk Industries by 216.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock valued at $30,000 after purchasing an additional 188 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Insider Activity at Mohawk Industries

In other news, CAO David Lee Repp sold 225 shares of Mohawk Industries stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $130.59, for a total value of $29,382.75. Following the transaction, the chief accounting officer directly owned 1,786 shares of the company’s stock, valued at $233,233.74. The trade was a 11.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Jeffrey S. Lorberbaum sold 5,764 shares of the business’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 transaction of $759,464.64. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 115,882 shares of company stock valued at $14,603,948 over the last three months. Insiders own 17.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $121.00 price objective on shares of Mohawk Industries in a research note on Tuesday, August 4th. Robert W. Baird lifted their target price on shares of Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Royal Bank Of Canada upped their price target on shares of Mohawk Industries from $117.00 to $130.00 and gave the company a “sector perform” rating in a research report on Monday, August 3rd. Truist Financial raised their price objective on shares of Mohawk Industries from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Evercore set a $110.00 price objective on shares of Mohawk Industries in a research note on Monday, May 4th. One equities 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $130.50.

Mohawk Industries Price Performance

MHK stock opened at $129.94 on Friday. The firm has a 50 day moving average of $122.10 and a 200-day moving average of $113.00. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 1.91 and a beta of 1.18. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13.

Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, beating the consensus estimate of $2.58 by $1.09. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.79 billion. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. As a group, equities analysts expect that Mohawk Industries, Inc. will post 9.9 EPS for the current fiscal year.

Mohawk Industries 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.