Focus Partners Advisor Solutions LLC Buys Shares of 5,137 Mohawk Industries, Inc. $MHK

Focus Partners Advisor Solutions LLC purchased a new stake in Mohawk Industries, Inc. (NYSE:MHK) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 5,137 shares of the company’s stock, valued at approximately $623,000.

Several other hedge funds have also recently modified their holdings of the business. Rexford Capital Inc. increased its holdings in Mohawk Industries by 10.1% during the fourth quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock valued at $119,000 after buying an additional 100 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Mohawk Industries by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock worth $2,224,000 after buying an additional 100 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in Mohawk Industries by 1.8% during the first quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock worth $560,000 after buying an additional 101 shares during the period. EverSource Wealth Advisors LLC boosted its position in Mohawk Industries by 7.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock valued at $171,000 after acquiring an additional 105 shares in the last quarter. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Mohawk Industries by 122.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock valued at $27,000 after acquiring an additional 121 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on MHK. Zacks Research raised Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Royal Bank Of Canada lifted their target price on Mohawk Industries from $117.00 to $130.00 and gave the company a “sector perform” rating in a research note on Monday, August 3rd. Bank of America reiterated 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. Truist Financial increased their price target on shares of Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company raised their price target on shares of Mohawk Industries from $115.00 to $125.00 and gave the company an “equal weight” 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $130.50.

Mohawk Industries Trading Down 3.5%

Shares of NYSE:MHK opened at $135.20 on Tuesday. The business’s 50-day moving average is $118.11 and its 200 day moving average is $112.49. 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 1 year low of $92.99 and a 1 year high of $143.13. The firm has a market capitalization of $9.16 billion, a P/E ratio of 17.91, a P/E/G ratio of 2.07 and a beta of 1.18.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $1.09. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the previous year, the firm earned $2.77 earnings per share. The company’s revenue 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 9.69 earnings per share for the current fiscal year.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $131.52, for a total transaction of $920,640.00. Following the sale, the insider owned 7,132 shares of the company’s stock, valued at approximately $938,000.64. The trade was a 49.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey S. Lorberbaum sold 5,764 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $131.76, for a total transaction of $759,464.64. Following the transaction, the chief executive officer owned 79,625 shares in the company, valued at $10,491,390. The trade was a 6.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 119,882 shares of company stock valued at $14,992,118 over the last 90 days. Company insiders own 17.90% of the company’s stock.

About Mohawk Industries

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.