The Manufacturers Life Insurance Company Makes New $1.97 Million Investment in Mohawk Industries, Inc. $MHK

The Manufacturers Life Insurance Company bought a new stake in Mohawk Industries, Inc. (NYSE:MHK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,223 shares of the company’s stock, valued at approximately $1,968,000.

A number of other large investors have also recently made changes to their positions in MHK. Rexford Capital Inc. increased its position in Mohawk Industries by 10.1% during the fourth quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock worth $119,000 after buying an additional 100 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Mohawk Industries by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock valued at $2,224,000 after acquiring an additional 100 shares during the period. Sequoia Financial Advisors LLC boosted its holdings 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 acquiring an additional 101 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Mohawk Industries by 7.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock worth $171,000 after acquiring an additional 105 shares during 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. 78.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MHK. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $121.00 price target on shares of Mohawk Industries in a research note on Tuesday, August 4th. Barclays lifted their price objective 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. 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. Wells Fargo & Company raised their price target on Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Finally, Robert W. Baird boosted their price target on Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, Mohawk Industries presently has an average rating of “Hold” and an average price target of $130.50.

Mohawk Industries Stock Performance

Shares of MHK opened at $131.57 on Friday. The stock has a market capitalization of $8.91 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.87 and a beta of 1.18. 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, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13. The company’s fifty day moving average is $123.56 and its two-hundred day moving average is $112.82.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, July 30th. The company reported $3.67 EPS for the quarter, topping the consensus estimate of $2.58 by $1.09. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter last year, the business earned $2.77 EPS. The business’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, sell-side analysts predict that Mohawk Industries, Inc. will post 9.9 earnings per share for the current year.

Insider Activity

In other news, insider Suzanne L. Helen sold 1,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $139.48, for a total transaction of $139,480.00. Following the completion of the transaction, the insider directly owned 6,132 shares of the company’s stock, valued at approximately $855,291.36. This represents a 14.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bernard Thiers sold 13,393 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $134.98, for a total value of $1,807,787.14. Following the transaction, the director directly owned 93,633 shares of the company’s stock, valued at approximately $12,638,582.34. This trade 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 113,038 shares of company stock worth $14,303,491 in the last three months. 17.90% of the stock is currently owned by company insiders.

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.