Illinois Municipal Retirement Fund Invests $3.07 Million in Mohawk Industries, Inc. $MHK

Illinois Municipal Retirement Fund bought a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 31,190 shares of the company’s stock, valued at approximately $3,071,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. UBS Group AG grew its holdings in shares of Mohawk Industries by 6.1% in the fourth quarter. UBS Group AG now owns 227,068 shares of the company’s stock worth $24,819,000 after purchasing an additional 13,090 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in Mohawk Industries by 93.3% during the 4th quarter. State of Alaska Department of Revenue now owns 42,941 shares of the company’s stock valued at $4,693,000 after buying an additional 20,728 shares during the last quarter. Tejara Capital Ltd purchased a new stake in Mohawk Industries during the 4th quarter valued at $2,514,000. Olstein Capital Management L.P. boosted its position in Mohawk Industries by 23.9% during the 4th quarter. Olstein Capital Management L.P. now owns 68,750 shares of the company’s stock valued at $7,514,000 after buying an additional 13,250 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Mohawk Industries by 768.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 32,064 shares of the company’s stock worth $3,505,000 after acquiring an additional 28,373 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MHK has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $109.00 price objective on shares of Mohawk Industries in a research note on Tuesday, May 5th. Bank of America reissued a “neutral” rating and issued a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. Weiss Ratings lowered Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. Barclays increased their price objective on Mohawk Industries from $96.00 to $109.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. Finally, Evercore set a $110.00 price objective on Mohawk Industries in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $124.42.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $111.71 on Monday. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23. The company’s 50-day moving average is $108.30 and its 200 day moving average is $111.26. The stock has a market capitalization of $6.81 billion, a P/E ratio of 16.75, a P/E/G ratio of 2.75 and a beta of 1.18.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.80 by $0.10. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. Mohawk Industries’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, sell-side analysts expect that Mohawk Industries, Inc. will post 8.71 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total value of $527,650.00. Following the completion of the transaction, the chief executive officer owned 25,000 shares in the company, valued at $2,638,250. This trade represents a 16.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Suzanne L. Helen sold 16,600 shares of Mohawk Industries stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total value of $1,875,302.00. Following the sale, the insider owned 14,132 shares in the company, valued at $1,596,492.04. This represents a 54.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 40,186 shares of company stock valued at $4,460,321. 17.90% of the stock is currently owned by company insiders.

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.