Mohawk Industries, Inc. $MHK Stock Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue reduced its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 16.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,499 shares of the company’s stock after selling 5,126 shares during the quarter. State of Alaska Department of Revenue’s holdings in Mohawk Industries were worth $3,303,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Mohawk Industries in the second quarter valued at about $25,000. Elevation Wealth Partners LLC grew its position in shares of Mohawk Industries by 122.2% in the second quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock valued at $27,000 after purchasing an additional 121 shares during the last quarter. Basecamp Wealth Advisors LLC grew its position in shares of Mohawk Industries by 2,281.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock valued at $26,000 after purchasing an additional 251 shares during the last quarter. SJS Investment Consulting Inc. increased its stake in shares of Mohawk Industries by 105.7% during the 1st quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock worth $32,000 after purchasing an additional 166 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in shares of Mohawk Industries during the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MHK. Weiss Ratings upgraded Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Royal Bank Of Canada lowered Mohawk Industries from a “sector perform” rating to an “underperform” rating and reduced their target price for the company from $130.00 to $112.00 in a research note on Wednesday, October 7th. Truist Financial increased 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. Wells Fargo & Company raised their price target on Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Finally, Barclays boosted their price target on Mohawk Industries from $109.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $135.00.

Mohawk Industries Price Performance

Mohawk Industries stock opened at $120.24 on Friday. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $140.30. The stock has a market capitalization of $8.14 billion, a P/E ratio of 15.93, a P/E/G ratio of 1.71 and a beta of 1.16. The firm’s 50-day moving average is $127.83 and its two-hundred day moving average is $115.42. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, July 30th. The company reported $3.67 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $1.09. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.79 billion. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.77 earnings per share. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Equities analysts predict that Mohawk Industries, Inc. will post 9.85 earnings per share for the current year.

Insider Buying and Selling

In other Mohawk Industries news, Director Bernard Thiers sold 13,393 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Suzanne L. Helen sold 800 shares of the stock in a transaction on Friday, September 18th. The stock was sold at an average price of $125.62, for a total value of $100,496.00. Following the transaction, the insider directly owned 5,332 shares in the company, valued at approximately $669,805.84. This represents a 13.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 172,996 shares of company stock worth $22,433,248. 17.90% of the stock is owned by insiders.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a global flooring manufacturer that produces and distributes products for residential and commercial applications. Its product portfolio includes broadloom carpet, carpet tile, area rugs, ceramic and porcelain tile, natural stone, hardwood, laminate, luxury vinyl tile and other resilient flooring products.

The company markets its products through a portfolio of well-known brands, including Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean and IVC.