First Trust Advisors LP Buys 4,291 Shares of Mohawk Industries, Inc. $MHK

First Trust Advisors LP grew its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,854 shares of the company’s stock after purchasing an additional 4,291 shares during the period. First Trust Advisors LP’s holdings in Mohawk Industries were worth $12,982,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Bayforest Capital Ltd bought a new position in shares of Mohawk Industries during the 4th quarter valued at approximately $27,000. Global Retirement Partners LLC grew its holdings 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 valued at $28,000 after purchasing an additional 228 shares in the last quarter. Transamerica Financial Advisors LLC increased its position in Mohawk Industries by 216.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after purchasing an additional 188 shares during the last quarter. SJS Investment Consulting Inc. raised its stake in Mohawk Industries by 105.7% during the first quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock valued at $32,000 after purchasing an additional 166 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in Mohawk Industries during the fourth quarter valued at $43,000. 78.98% of the stock is owned by institutional investors.

Insider Transactions at Mohawk Industries

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MHK shares. Zacks Research raised shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. JPMorgan Chase & Co. decreased their target price on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Evercore set a $110.00 price target on Mohawk Industries in a research report on Monday, May 4th. Finally, Truist Financial reduced their price objective on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. One equities research 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. According to MarketBeat, Mohawk Industries has an average rating of “Hold” and an average price target of $124.42.

Mohawk Industries News Roundup

Here are the key news stories impacting Mohawk Industries this week:

• Positive Sentiment: Q2 earnings beat expectations: Adjusted EPS was $3.67, well above the $2.58 analyst consensus. Reported EPS was $3.22, while adjusted net earnings reached $223 million, compared with $173 million a year earlier. Mohawk Industries Reports Q2 2026 Results
• Positive Sentiment: Revenue exceeded forecasts and grew year over year: Second-quarter net sales were approximately $3.0 billion, up 6.8% from $2.8 billion last year and ahead of the roughly $2.79 billion consensus estimate. Sales increased 5.0% after adjusting for constant days and exchange rates. Mohawk Industries Q2 Earnings Snapshot
• Positive Sentiment: Profit growth was notable: Reported net earnings rose to $196 million from $147 million in the prior-year quarter, and adjusted EPS increased from $2.77 to $3.67. The results suggest improved operating performance despite ongoing challenges in the housing and remodeling markets. Mohawk Industries Reports Q2 2026 Results
• Neutral Sentiment: Third-quarter outlook was broadly in line with expectations: Mohawk guided for EPS of $2.38 to $2.48, versus analyst consensus of $2.40. The midpoint is modestly above consensus, but the lower end of the range leaves room for a potential slowdown from the strong second quarter.

Mohawk Industries Stock Performance

MHK stock opened at $119.47 on Friday. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $143.13. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 2.81 and a beta of 1.18. The business’s fifty day simple moving average is $110.85 and its two-hundred day simple moving average is $111.36. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $1.09. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.79 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.77 earnings per share. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Analysts predict that Mohawk Industries, Inc. will post 8.67 earnings per share for the current year.

Mohawk Industries 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.