Truist Financial Corp Sells 23,491 Shares of Mohawk Industries, Inc. $MHK

Truist Financial Corp trimmed its position in Mohawk Industries, Inc. (NYSE:MHK) by 50.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,465 shares of the company’s stock after selling 23,491 shares during the quarter. Truist Financial Corp’s holdings in Mohawk Industries were worth $2,565,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in Mohawk Industries by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,085,012 shares of the company’s stock worth $397,714,000 after acquiring an additional 37,487 shares during the last quarter. State Street Corp increased its stake in Mohawk Industries by 2.1% during the second quarter. State Street Corp now owns 1,915,831 shares of the company’s stock worth $200,856,000 after acquiring an additional 39,556 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Mohawk Industries by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,829,830 shares of the company’s stock valued at $235,902,000 after buying an additional 9,516 shares during the period. AQR Capital Management LLC boosted its position in shares of Mohawk Industries by 73.9% during the third quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock valued at $200,922,000 after buying an additional 670,601 shares during the period. Finally, Pzena Investment Management LLC boosted its position in shares of Mohawk Industries by 0.3% during the third quarter. Pzena Investment Management LLC now owns 1,179,068 shares of the company’s stock valued at $152,005,000 after buying an additional 3,293 shares during the period. 78.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Bank of America restated 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. Barclays lowered their price objective on shares of Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Evercore set a $110.00 target price on shares of Mohawk Industries in a research report on Monday, May 4th. Wells Fargo & Company dropped their price objective on 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. Finally, UBS Group reissued a “neutral” rating and issued a $140.00 price objective on shares of Mohawk Industries in a research note on Monday, February 16th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $123.33.

Mohawk Industries Stock Down 1.6%

Mohawk Industries stock opened at $99.35 on Wednesday. The business has a fifty day moving average of $103.69 and a two-hundred day moving average of $112.16. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.06 billion, a P/E ratio of 14.90, a P/E/G ratio of 2.47 and a beta of 1.20. Mohawk Industries, Inc. has a twelve month low of $93.60 and a twelve month high of $143.13.

Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.74 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.Mohawk Industries’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, analysts forecast that Mohawk Industries, Inc. will post 8.78 earnings per share for the current fiscal year.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 3,000 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $97.80, for a total transaction of $293,400.00. Following the completion of the sale, the insider owned 53,893 shares in the company, valued at approximately $5,270,735.40. This represents a 5.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 12,000 shares of company stock worth $1,246,336. Corporate insiders own 17.90% of the company’s stock.

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.