Corient Private Wealth LP Invests $11.34 Million in Mohawk Industries, Inc. $MHK

Corient Private Wealth LP acquired a new position in Mohawk Industries, Inc. (NYSE:MHK) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 93,494 shares of the company’s stock, valued at approximately $11,344,000.

Several other hedge funds have also recently added to or reduced their stakes in MHK. BlackRock Inc. acquired a new position in Mohawk Industries during the 2nd quarter worth $777,293,000. Pzena Investment Management LLC acquired a new position in shares of Mohawk Industries during the second quarter valued at $138,661,000. Norges Bank acquired a new position in shares of Mohawk Industries during the fourth quarter valued at $77,528,000. AQR Capital Management LLC raised its stake in shares of Mohawk Industries by 73.9% during the third quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock valued at $200,922,000 after purchasing an additional 670,601 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Mohawk Industries in the second quarter worth about $80,880,000. Institutional investors own 78.98% of the company’s stock.

Insider Activity

In related news, Director Bernard Thiers sold 13,393 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $134.98, for a total value of $1,807,787.14. Following the completion of the transaction, the director owned 93,633 shares of the company’s stock, valued at approximately $12,638,582.34. This trade represents a 12.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 5,764 shares of Mohawk Industries 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 transaction, the chief executive officer owned 79,625 shares in the company, valued at approximately $10,491,390. The trade was a 6.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 115,882 shares of company stock worth $14,603,948 in the last quarter. Insiders own 17.90% of the company’s stock.

Mohawk Industries Price Performance

NYSE MHK opened at $130.29 on Friday. 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 1 year low of $92.99 and a 1 year high of $143.13. The company has a market cap of $8.83 billion, a PE ratio of 17.26, a PEG ratio of 1.88 and a beta of 1.18. The stock’s 50-day moving average price is $122.45 and its two-hundred day moving average price is $113.12.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MHK. Zacks Research upgraded shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Barclays boosted their price target on shares of Mohawk Industries from $109.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $121.00 price objective on shares of Mohawk Industries in a report on Tuesday, August 4th. Finally, Weiss Ratings raised Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $130.50.

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.