Sei Investments Co. Boosts Position in Mohawk Industries, Inc. $MHK

Sei Investments Co. raised its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 24.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,379 shares of the company’s stock after buying an additional 12,218 shares during the period. Sei Investments Co.’s holdings in Mohawk Industries were worth $6,142,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MHK. Lido Advisors LLC acquired a new stake in shares of Mohawk Industries in the first quarter worth $285,000. First Trust Advisors LP boosted its position in Mohawk Industries by 3.4% during the 1st quarter. First Trust Advisors LP now owns 131,854 shares of the company’s stock worth $12,982,000 after purchasing an additional 4,291 shares during the period. Earned Wealth Advisors LLC acquired a new stake in Mohawk Industries in the 1st quarter valued at $208,000. Dimensional Fund Advisors LP increased its holdings in Mohawk Industries by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,219,318 shares of the company’s stock valued at $316,962,000 after purchasing an additional 80,761 shares in the last quarter. Finally, Balefire LLC raised its position in Mohawk Industries by 15.8% in the first quarter. Balefire LLC now owns 3,249 shares of the company’s stock valued at $320,000 after purchasing an additional 444 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 16,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the completion of the sale, the insider owned 14,132 shares of the company’s stock, valued at approximately $1,596,492.04. This trade represents a 54.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $112.08, for a total transaction of $504,360.00. Following the sale, the chief executive officer directly owned 20,000 shares of the company’s stock, valued at $2,241,600. The trade was a 18.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,186 shares of company stock worth $4,460,321 over the last 90 days. 17.90% of the stock is owned by company insiders.

Mohawk Industries Stock Performance

NYSE:MHK opened at $132.54 on Tuesday. The firm has a 50-day moving average of $111.86 and a two-hundred day moving average of $111.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13. The stock has a market cap of $8.08 billion, a P/E ratio of 17.56, a PEG ratio of 3.05 and a beta of 1.18. Mohawk Industries, Inc. has a 1-year low of $92.99 and a 1-year high of $143.13.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) 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 period in the previous year, the company earned $2.77 earnings per share. The company’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. On average, research analysts expect that Mohawk Industries, Inc. will post 8.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Royal Bank Of Canada raised their target price on Mohawk Industries from $117.00 to $130.00 and gave the company a “sector perform” rating in a report on Monday. Bank of America reissued a “neutral” rating and set a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft set a $109.00 price target on Mohawk Industries in a report on Tuesday, May 5th. Finally, Robert W. Baird lifted their price objective on shares of Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $127.83.

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.