14,270 Shares in Mohawk Industries, Inc. $MHK Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the second quarter, Holdings Channel reports. The fund bought 14,270 shares of the company’s stock, valued at approximately $1,731,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in shares of Mohawk Industries during the 2nd quarter valued at approximately $409,000. Transamerica Financial Advisors LLC purchased a new position in Mohawk Industries in the second quarter worth approximately $108,000. Corient Private Wealth LP acquired a new stake in Mohawk Industries during the second quarter worth $11,344,000. Bamco Inc. NY acquired a new stake in Mohawk Industries during the second quarter worth $20,833,000. Finally, Bank of America Corp DE purchased a new stake in Mohawk Industries in the second quarter valued at $36,666,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Price Performance

MHK opened at $133.66 on Monday. The stock’s 50-day moving average price is $123.83 and its 200 day moving average price is $112.83. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13. The firm has a market cap of $9.05 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 1.93 and a beta of 1.18. 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 (NYSE:MHK) last released its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, beating the consensus estimate of $2.58 by $1.09. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. As a group, sell-side analysts expect that Mohawk Industries, Inc. will post 9.9 earnings per share for the current year.

Insider Activity

In related news, Director Bernard Thiers sold 13,393 shares of Mohawk Industries 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 in the company, valued at approximately $12,638,582.34. The trade was a 12.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Suzanne L. Helen sold 16,600 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 14,132 shares in the company, valued at $1,596,492.04. This represents a 54.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 113,038 shares of company stock valued at $14,303,491. 17.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MHK. Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Barclays boosted their price objective on shares of Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $121.00 target price on shares of Mohawk Industries in a research note on Tuesday, August 4th. Zacks Research upgraded shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Finally, Robert W. Baird upped their price objective on shares of Mohawk Industries from $112.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.