First Trust Advisors LP Acquires 4,291 Shares of Mohawk Industries, Inc. $MHK

First Trust Advisors LP boosted its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 3.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 131,854 shares of the company’s stock after buying an additional 4,291 shares during the quarter. First Trust Advisors LP owned 0.22% of Mohawk Industries worth $12,982,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Bayforest Capital Ltd purchased a new position in shares of Mohawk Industries during the fourth quarter valued at approximately $27,000. Global Retirement Partners LLC boosted its holdings in Mohawk Industries by 950.0% in 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 during the last quarter. Transamerica Financial Advisors LLC grew its position in Mohawk Industries by 216.1% in 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 period. SJS Investment Consulting Inc. grew its position in Mohawk Industries by 105.7% in the 1st quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock worth $32,000 after purchasing an additional 166 shares during the period. Finally, Salomon & Ludwin LLC purchased a new stake in Mohawk Industries during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wall Street Zen raised Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. JPMorgan Chase & Co. lowered their target price on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Truist Financial dropped their target price on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Wells Fargo & Company cut their price target on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft set a $109.00 price target on shares of Mohawk Industries in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Mohawk Industries has an average rating of “Hold” and an average target price of $124.42.

Mohawk Industries Stock Up 5.4%

Shares of MHK stock opened at $119.47 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $143.13. The company’s fifty day moving average price is $110.85 and its 200-day moving average price is $111.36. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 2.81 and a beta of 1.18.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, topping the consensus estimate of $2.58 by $1.09. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the prior year, the firm posted $2.77 EPS. Mohawk Industries’s quarterly revenue 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. Sell-side analysts expect that Mohawk Industries, Inc. will post 8.67 EPS for the current fiscal year.

Insider Activity

In other news, insider Suzanne L. Helen sold 16,600 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $112.97, for a total value of $1,875,302.00. Following the completion of the transaction, the insider owned 14,132 shares of the company’s stock, valued at $1,596,492.04. This represents a 54.02% 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, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total value of $527,650.00. Following the sale, the chief executive officer owned 25,000 shares of the company’s stock, valued at $2,638,250. This represents a 16.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 40,186 shares of company stock worth $4,460,321 over the last 90 days. Company insiders own 17.90% of the company’s stock.

Key Stories Impacting Mohawk Industries

Here are the key news stories impacting Mohawk Industries this week:

• Positive Sentiment: Q2 earnings beat expectations: Adjusted EPS was $3.67, well above the $2.58 analyst consensus. Reported EPS was $3.22, while adjusted net earnings reached $223 million, compared with $173 million a year earlier. Mohawk Industries Reports Q2 2026 Results
• Positive Sentiment: Revenue exceeded forecasts and grew year over year: Second-quarter net sales were approximately $3.0 billion, up 6.8% from $2.8 billion last year and ahead of the roughly $2.79 billion consensus estimate. Sales increased 5.0% after adjusting for constant days and exchange rates. Mohawk Industries Q2 Earnings Snapshot
• Positive Sentiment: Profit growth was notable: Reported net earnings rose to $196 million from $147 million in the prior-year quarter, and adjusted EPS increased from $2.77 to $3.67. The results suggest improved operating performance despite ongoing challenges in the housing and remodeling markets. Mohawk Industries Reports Q2 2026 Results
• Neutral Sentiment: Third-quarter outlook was broadly in line with expectations: Mohawk guided for EPS of $2.38 to $2.48, versus analyst consensus of $2.40. The midpoint is modestly above consensus, but the lower end of the range leaves room for a potential slowdown from the strong second quarter.

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.