The Manufacturers Life Insurance Company Invests $1.97 Million in Mohawk Industries, Inc. $MHK

The Manufacturers Life Insurance Company purchased a new stake in Mohawk Industries, Inc. (NYSE:MHK) in the second quarter, Holdings Channel.com reports. The fund purchased 16,223 shares of the company’s stock, valued at approximately $1,968,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in Mohawk Industries by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock valued at $39,369,000 after buying an additional 42,655 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Mohawk Industries by 0.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock valued at $22,148,000 after acquiring an additional 1,175 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Mohawk Industries during the 1st quarter worth approximately $149,000. Creative Planning boosted its stake in shares of Mohawk Industries by 10.2% during the 2nd quarter. Creative Planning now owns 3,730 shares of the company’s stock worth $391,000 after acquiring an additional 346 shares in the last quarter. Finally, CW Advisors LLC acquired a new stake in shares of Mohawk Industries in the 2nd quarter worth approximately $280,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Barclays raised their price objective on Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Robert W. Baird upped their target price on Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Truist Financial raised their price target on Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Royal Bank Of Canada lifted their price target on Mohawk Industries from $117.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Monday, August 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $130.50.

Insider Transactions at Mohawk Industries

In other news, CEO Jeffrey Lorberbaum sold 53,314 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $131.57, for a total value of $7,014,522.98. Following the sale, the chief executive officer directly owned 10,000 shares in the company, valued at $1,315,700. This represents a 84.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bernard Thiers sold 13,393 shares of the stock in a transaction 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 sale, the director directly owned 93,633 shares in the company, valued at approximately $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 sold a total of 113,038 shares of company stock valued at $14,303,491 over the last three months. 17.90% of the stock is currently owned by insiders.

Mohawk Industries Trading Up 1.8%

Shares of MHK opened at $131.57 on Friday. 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 50 day simple moving average of $123.56 and a 200-day simple moving average of $112.82. Mohawk Industries, Inc. has a 1-year low of $92.99 and a 1-year high of $143.13. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18.

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