Jupiter Topco LLC Purchases New Shares in Mohawk Industries, Inc. $MHK

Jupiter Topco LLC purchased a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 23,130 shares of the company’s stock, valued at approximately $2,809,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Mohawk Industries in the 2nd quarter valued at about $25,000. Basecamp Wealth Advisors LLC increased its position in shares of Mohawk Industries by 2,281.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock worth $26,000 after acquiring an additional 251 shares during the last quarter. Elevation Wealth Partners LLC increased its position 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 acquiring an additional 121 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Mohawk Industries by 950.0% in the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after acquiring an additional 228 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its holdings in Mohawk Industries by 216.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock valued at $30,000 after purchasing an additional 188 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Ratings Changes

MHK has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. 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 increased 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. Barclays raised their price target on shares of Mohawk Industries from $109.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Finally, 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. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $130.50.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $139.48, for a total value of $139,480.00. Following the completion of the sale, the insider directly owned 6,132 shares in the company, valued at approximately $855,291.36. The trade was a 14.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bernard Thiers sold 13,393 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $134.98, for a total value of $1,807,787.14. Following the sale, the director directly owned 93,633 shares in the company, valued at approximately $12,638,582.34. This represents a 12.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 113,038 shares of company stock valued at $14,303,491 over the last 90 days. Insiders own 17.90% of the company’s stock.

Mohawk Industries Stock Up 3.2%

NYSE:MHK opened at $129.03 on Thursday. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 1.81 and a beta of 1.18. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $143.13. The stock has a 50-day simple moving average of $123.34 and a 200 day simple moving average of $112.83. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.92.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $1.09. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the prior year, the firm posted $2.77 earnings per share. Mohawk Industries’s revenue for the quarter was up 6.8% compared to the same quarter last year. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Sell-side analysts predict that Mohawk Industries, Inc. will post 9.9 EPS for the current fiscal year.

Mohawk Industries Company 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.