Mohawk Industries, Inc. $MHK Holdings Trimmed by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 31.6% during the first quarter, Holdings Channel.com reports. The fund owned 9,680 shares of the company’s stock after selling 4,464 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Mohawk Industries were worth $953,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in Mohawk Industries by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,219,318 shares of the company’s stock valued at $316,962,000 after acquiring an additional 80,761 shares during the last quarter. State Street Corp grew its stake in shares of Mohawk Industries by 2.1% in the 2nd quarter. State Street Corp now owns 1,915,831 shares of the company’s stock worth $200,856,000 after purchasing an additional 39,556 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Mohawk Industries by 15.9% in the 4th quarter. AQR Capital Management LLC now owns 1,829,347 shares of the company’s stock worth $199,948,000 after purchasing an additional 251,012 shares during the last quarter. Pzena Investment Management LLC raised its holdings in shares of Mohawk Industries by 0.6% in the 4th quarter. Pzena Investment Management LLC now owns 1,186,400 shares of the company’s stock worth $129,674,000 after purchasing an additional 7,332 shares in the last quarter. Finally, Brandes Investment Partners LP raised its holdings in shares of Mohawk Industries by 20.4% in the 4th quarter. Brandes Investment Partners LP now owns 1,102,574 shares of the company’s stock worth $120,513,000 after purchasing an additional 186,649 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on MHK shares. Evercore set a $110.00 target price on shares of Mohawk Industries in a report on Monday, May 4th. Truist Financial dropped their price target on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. JPMorgan Chase & Co. reduced their price objective on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Bank of America restated a “neutral” rating and issued a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. Finally, Zacks Research raised Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Mohawk Industries presently has a consensus rating of “Hold” and an average target price of $124.42.

Key Stories Impacting Mohawk Industries

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

• Positive Sentiment: Q2 earnings and revenue beat expectations. Adjusted EPS was $3.67 versus the $2.58 consensus estimate, while revenue rose 6.8% year over year to approximately $2.99 billion, ahead of the $2.79 billion forecast. Adjusted net earnings reached $223 million, compared with $173 million in the prior-year quarter. Mohawk Industries Reports Q2 2026 Results
• Positive Sentiment: Operating momentum improved. Management attributed the strong quarter to volume growth, new product placements, customer restocking before price increases, favorable product mix, productivity gains and market-share gains in several regions. The results significantly exceeded the company’s own expectations. Why Mohawk Industries Stock Is Up Today
• Positive Sentiment: Institutional interest was broadly supportive. Recent filings showed 258 institutional investors increased positions, versus 199 that reduced holdings; notable buyers included AQR Capital Management and Brandes Investment Partners.
• Neutral Sentiment: Q3 guidance was close to consensus. Mohawk forecast adjusted EPS of $2.38–$2.48, compared with analysts’ $2.40 estimate, suggesting expectations were largely met rather than materially raised.
• Neutral Sentiment: Part of the earnings upside may be temporary. Tariff refunds contributed approximately $0.63 per share to second-quarter results, so investors may focus on underlying demand and profitability in subsequent quarters.
• Negative Sentiment: Insider selling and cycle concerns remain risks. Insiders reported 36 open-market sales and no purchases over the past six months. Analysts have also highlighted that Mohawk remains exposed to a housing and renovation downcycle. Recent price targets have a $117 median, below the stock’s reported $122.98 trading level. Mohawk Industries: Value Hiding In A Downcycle

Mohawk Industries Stock Up 2.9%

Mohawk Industries stock opened at $122.98 on Friday. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $143.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. The firm has a market cap of $7.50 billion, a PE ratio of 16.29, a P/E/G ratio of 3.05 and a beta of 1.18. The firm’s 50 day moving average price is $111.26 and its two-hundred day moving average price is $111.44.

Mohawk Industries (NYSE:MHK) last issued 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. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.54%. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter last year, the business posted $2.77 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, research analysts predict that Mohawk Industries, Inc. will post 8.67 EPS for the current fiscal year.

Insider Buying and Selling at Mohawk Industries

In related news, CEO Jeffrey S. Lorberbaum sold 4,500 shares of Mohawk Industries stock in a transaction on Monday, June 15th. The stock was sold at an average price of $112.08, for a total transaction of $504,360.00. Following the completion of the sale, the chief executive officer owned 20,000 shares of the company’s stock, valued at approximately $2,241,600. This trade represents a 18.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Suzanne L. Helen sold 16,600 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider owned 14,132 shares in the company, valued at $1,596,492.04. This trade represents a 54.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 40,186 shares of company stock valued at $4,460,321. 17.90% of the stock is owned by corporate 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.