Mohawk Industries, Inc. $MHK Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 16.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,499 shares of the company’s stock after selling 5,126 shares during the quarter. State of Alaska Department of Revenue’s holdings in Mohawk Industries were worth $3,303,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its holdings in shares of Mohawk Industries by 18.3% during the 2nd quarter. Tidal Investments LLC now owns 61,723 shares of the company’s stock worth $7,489,000 after acquiring an additional 9,558 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Mohawk Industries in the second quarter worth approximately $1,608,000. Ieq Capital LLC acquired a new stake in shares of Mohawk Industries in the second quarter worth approximately $21,474,000. Wilsey Asset Management Inc. grew its holdings in Mohawk Industries by 27.4% in the first quarter. Wilsey Asset Management Inc. now owns 303,104 shares of the company’s stock valued at $29,844,000 after purchasing an additional 65,235 shares during the period. Finally, Bank of America Corp DE purchased a new stake in Mohawk Industries in the second quarter valued at approximately $36,666,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

Mohawk Industries stock opened at $120.24 on Friday. The company has a market cap of $8.14 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 1.71 and a beta of 1.16. Mohawk Industries, Inc. has a 12 month low of $92.99 and a 12 month high of $140.30. 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 stock’s 50-day moving average is $127.83 and its 200-day moving average is $115.42.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $1.09. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Equities analysts anticipate that Mohawk Industries, Inc. will post 9.85 earnings per share for the current year.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, CEO Jeffrey S. Lorberbaum sold 53,314 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $131.57, for a total transaction of $7,014,522.98. Following the completion of the sale, the chief executive officer directly owned 10,000 shares in the company, valued at $1,315,700. The trade was a 84.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bernard Thiers sold 13,393 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $134.98, for a total transaction of $1,807,787.14. Following the completion of the sale, the director directly owned 93,633 shares of the company’s stock, valued at $12,638,582.34. The trade was a 12.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 172,996 shares of company stock valued at $22,433,248 over the last ninety days. Corporate insiders own 17.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Evercore set a $129.00 price target on shares of Mohawk Industries in a research report on Friday, September 25th. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Robert W. Baird lifted their price target 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. Weiss Ratings raised shares of Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Finally, Barclays upped their price objective on Mohawk Industries from $109.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Mohawk Industries currently has a consensus rating of “Hold” and an average target price of $135.00.

Mohawk Industries Profile

Mohawk Industries, Inc is a global flooring manufacturer that produces and distributes products for residential and commercial applications. Its product portfolio includes broadloom carpet, carpet tile, area rugs, ceramic and porcelain tile, natural stone, hardwood, laminate, luxury vinyl tile and other resilient flooring products.

The company markets its products through a portfolio of well-known brands, including Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean and IVC.