Mohawk Industries, Inc. $MHK Shares Sold by State of Wyoming

State of Wyoming lessened its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 50.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MHK. Pinnacle Wealth Planning Services Inc. lifted its position in 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 acquiring an additional 92 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Mohawk Industries by 1.8% in the first quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock valued at $560,000 after purchasing an additional 101 shares during the last quarter. Elevation Wealth Partners LLC increased its stake in shares of Mohawk Industries by 122.2% during the second quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock worth $27,000 after purchasing an additional 121 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Mohawk Industries during the second quarter worth approximately $25,000. Finally, VestGen Advisors LLC lifted its holdings in Mohawk Industries by 13.5% during the 3rd 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. Institutional investors own 78.98% of the company’s stock.

Trending Headlines about Mohawk Industries

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

Analyst Ratings Changes

MHK has been the topic of a number of research reports. Wall Street Zen lowered Mohawk Industries from a “buy” rating to a “hold” rating in a report on Saturday. Evercore set a $129.00 target price on Mohawk Industries in a report on Friday, September 25th. Royal Bank Of Canada cut shares of 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 report on Wednesday, October 7th. Weiss Ratings upgraded shares of Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Finally, Barclays upped their price target on shares of Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $133.75.

Insider Activity at Mohawk Industries

In other news, CEO Jeffrey S. Lorberbaum sold 11,400 shares of the stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $128.21, for a total value of $1,461,594.00. Following the completion of the transaction, the chief executive officer owned 59,299 shares of the company’s stock, valued at approximately $7,602,724.79. This represents a 16.12% decrease in their ownership of the stock. The transaction 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 stock in a transaction dated 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 transaction, the director directly owned 93,633 shares of the company’s stock, valued at $12,638,582.34. This trade represents a 12.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 172,996 shares of company stock valued at $22,433,248 over the last ninety days. 17.90% of the stock is owned by corporate insiders.

Mohawk Industries Stock Up 7.4%

Shares of MHK opened at $139.57 on Friday. The firm has a 50 day simple moving average of $125.73 and a two-hundred day simple moving average of $116.57. 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, Inc. has a one year low of $92.99 and a one year high of $141.17. The company has a market cap of $9.45 billion, a P/E ratio of 16.38, a P/E/G ratio of 1.86 and a beta of 1.16.

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

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.