Mohawk Industries, Inc. $MHK Position Lowered by State of Wyoming

State of Wyoming decreased its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 50.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,476 shares of the company’s stock after selling 9,542 shares during the quarter. State of Wyoming’s holdings in Mohawk Industries were worth $1,182,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Choreo LLC bought a new position in Mohawk Industries in the third quarter valued at about $458,000. Interchange Capital Partners LLC acquired a new stake in shares of Mohawk Industries during the third quarter valued at about $217,000. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Mohawk Industries by 14.4% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 732 shares of the company’s stock worth $91,000 after purchasing an additional 92 shares during the last quarter. VestGen Advisors LLC grew its holdings in shares of Mohawk Industries by 13.5% during the third quarter. VestGen Advisors LLC now owns 1,878 shares of the company’s stock worth $234,000 after purchasing an additional 223 shares during the last quarter. Finally, Lakewood Asset Management LLC increased its stake in shares of Mohawk Industries by 9.6% in the third quarter. Lakewood Asset Management LLC now owns 12,098 shares of the company’s stock valued at $1,509,000 after buying an additional 1,056 shares during the period. Institutional investors own 78.98% of the company’s stock.

Analyst Ratings Changes

MHK has been the subject of a number of recent research reports. Barclays increased their price objective on Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Evercore set a $129.00 price target on Mohawk Industries in a research note on Friday, September 25th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $121.00 price objective on shares of Mohawk Industries in a research report on Tuesday, August 4th. Royal Bank Of Canada lowered Mohawk Industries from a “sector perform” rating to an “underperform” rating and cut their price objective for the stock from $130.00 to $112.00 in a research note on Wednesday, October 7th. Finally, Truist Financial upped their target price on Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Mohawk Industries currently has a consensus rating of “Hold” and an average price target of $133.75.

Key Mohawk Industries News

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

• Positive Sentiment: Q3 earnings exceeded expectations: Mohawk reported diluted EPS of $2.72, up from $2.67 a year earlier and above the approximately $2.56–$2.58 analyst consensus. Net sales rose about 1% year over year to $2.786 billion, while operating income increased to $187.7 million from $136.7 million. Mohawk Industries Reports Q3 2026 Results
• Positive Sentiment: Cash flow and shareholder returns were strong: Operating cash flow reached $471 million and free cash flow totaled $390 million, up 78% year to date. The company repurchased approximately 2.0 million shares for $261 million during the quarter, reducing shares outstanding by about 4%. Mohawk Industries Reports Q3 2026 Sales and EPS
• Positive Sentiment: New buyback authorization supports the stock: Mohawk approved an additional repurchase program of up to $500 million and introduced a long-term strategic and capital-allocation framework focused on shareholder value creation. Mohawk Announces New Share Repurchase Authorization
• Neutral Sentiment: Results were mixed by segment: Growth in Global Ceramic and Flooring North America helped offset broadly flat adjusted sales, with adjusted EBITDA of approximately $353 million and a 12.7% margin.
• Negative Sentiment: Revenue missed forecasts and near-term guidance is cautious: Sales came in below the roughly $2.82 billion consensus estimate. Management forecast fourth-quarter adjusted EPS of $1.35–$1.45, indicating weaker sequential earnings momentum and leaving investors sensitive to demand conditions in the flooring market. Mohawk Industries Q3 2026 Earnings Call Transcript

Mohawk Industries Stock Performance

MHK stock opened at $139.57 on Friday. The firm has a market cap of $9.45 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 1.86 and a beta of 1.16. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. The stock has a 50-day moving average price of $125.73 and a 200-day moving average price of $116.57. Mohawk Industries, Inc. has a 1-year low of $92.99 and a 1-year high of $141.17.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, October 29th. The company reported $2.72 EPS for the quarter, beating the consensus estimate of $2.58 by $0.14. Mohawk Industries had a return on equity of 7.44% and a net margin of 4.63%. The company had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. During the same quarter in the prior year, the company earned $2.67 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities research analysts expect that Mohawk Industries, Inc. will post 9.80 earnings per share for the current year.

Insider Activity

In related news, CEO Jeffrey S. Lorberbaum sold 11,400 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $128.21, for a total transaction of $1,461,594.00. Following the transaction, the chief executive officer directly owned 59,299 shares of the company’s stock, valued at $7,602,724.79. This represents a 16.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bernard Thiers sold 13,393 shares of the firm’s 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 owned 93,633 shares of the company’s stock, valued at $12,638,582.34. The trade was a 12.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 172,996 shares of company stock worth $22,433,248 in the last quarter. 17.90% of the stock is owned by corporate insiders.

About Mohawk Industries

Mohawk Industries, Inc is a global manufacturer and distributor of flooring products. The company serves residential and commercial customers through products sold to retailers, distributors, builders, contractors and other industry professionals.

Its product portfolio includes carpet, rugs, ceramic and porcelain tile, hardwood flooring, laminate, luxury vinyl tile and other resilient flooring products. Mohawk markets products under a range of well-known brands, including Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean and Durkan.

The company traces its origins to a carpet mill established in 1878 and is headquartered in Calhoun, Georgia.