Louisiana State Employees Retirement System Invests $2.27 Million in Mohawk Industries, Inc. $MHK

Louisiana State Employees Retirement System bought a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,000 shares of the company’s stock, valued at approximately $2,265,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wilsey Asset Management Inc. increased its position in shares of Mohawk Industries by 11.5% during the fourth quarter. Wilsey Asset Management Inc. now owns 237,869 shares of the company’s stock worth $25,999,000 after buying an additional 24,621 shares during the period. Schroder Investment Management Group boosted its position in shares of Mohawk Industries by 3.4% during the 3rd quarter. Schroder Investment Management Group now owns 837,556 shares of the company’s stock valued at $107,978,000 after purchasing an additional 27,888 shares in the last quarter. Tabor Asset Management LP boosted its position in shares of Mohawk Industries by 35.5% during the 3rd quarter. Tabor Asset Management LP now owns 69,068 shares of the company’s stock valued at $8,904,000 after purchasing an additional 18,088 shares in the last quarter. UBS Group AG grew its stake in Mohawk Industries by 6.1% during the fourth quarter. UBS Group AG now owns 227,068 shares of the company’s stock worth $24,819,000 after purchasing an additional 13,090 shares during the period. Finally, Rafferty Asset Management LLC grew its stake in Mohawk Industries by 101.1% during the third quarter. Rafferty Asset Management LLC now owns 45,973 shares of the company’s stock worth $5,927,000 after purchasing an additional 23,117 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MHK shares. Zacks Research raised Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Deutsche Bank Aktiengesellschaft set a $109.00 price objective on shares of Mohawk Industries in a research report on Tuesday, May 5th. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Bank of America reiterated a “neutral” rating and set a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. Finally, Wells Fargo & Company cut their target price on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $123.33.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 16,600 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $112.97, for a total value of $1,875,302.00. Following the completion of the sale, the insider directly owned 14,132 shares of the company’s stock, valued at approximately $1,596,492.04. This represents a 54.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $112.08, for a total value of $504,360.00. Following the transaction, the chief executive officer owned 20,000 shares in the company, valued at approximately $2,241,600. This trade represents a 18.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 40,186 shares of company stock valued at $4,460,321 over the last three months. 17.90% of the stock is currently owned by insiders.

Mohawk Industries Price Performance

MHK stock opened at $118.94 on Tuesday. 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 business has a 50-day simple moving average of $106.11 and a two-hundred day simple moving average of $110.90. The company has a market capitalization of $7.25 billion, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 2.96 and a beta of 1.20. Mohawk Industries, Inc. has a 52-week low of $92.99 and a 52-week high of $143.13.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.80 by $0.10. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Research analysts expect that Mohawk Industries, Inc. will post 8.71 EPS for the current fiscal year.

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.