Lazard Asset Management LLC Acquires 6,674 Shares of Mohawk Industries, Inc. $MHK

Lazard Asset Management LLC raised its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 48.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,393 shares of the company’s stock after acquiring an additional 6,674 shares during the quarter. Lazard Asset Management LLC’s holdings in Mohawk Industries were worth $2,008,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bayforest Capital Ltd acquired a new position in shares of Mohawk Industries in the 4th quarter valued at $27,000. Global Retirement Partners LLC grew its stake in shares of Mohawk Industries by 950.0% during the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after purchasing an additional 228 shares during the period. Transamerica Financial Advisors LLC increased its holdings in Mohawk Industries by 216.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock valued at $30,000 after purchasing an additional 188 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in Mohawk Industries by 105.7% in the first quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock valued at $32,000 after buying an additional 166 shares during the period. Finally, Salomon & Ludwin LLC bought a new position in Mohawk Industries during the fourth quarter worth about $43,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MHK. Wells Fargo & Company decreased their target price on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Truist Financial reduced their price objective on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Barclays upped their target price on shares of Mohawk Industries from $96.00 to $109.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Finally, JPMorgan Chase & Co. cut their target price on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $124.42.

Key Mohawk Industries News

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

• Positive Sentiment: Q2 earnings and revenue beat expectations. Adjusted EPS was $3.67 versus the $2.58 consensus estimate, while revenue rose 6.8% year over year to approximately $2.99 billion, ahead of the $2.79 billion forecast. Adjusted net earnings reached $223 million, compared with $173 million in the prior-year quarter. Mohawk Industries Reports Q2 2026 Results
• Positive Sentiment: Operating momentum improved. Management attributed the strong quarter to volume growth, new product placements, customer restocking before price increases, favorable product mix, productivity gains and market-share gains in several regions. The results significantly exceeded the company’s own expectations. Why Mohawk Industries Stock Is Up Today
• Positive Sentiment: Institutional interest was broadly supportive. Recent filings showed 258 institutional investors increased positions, versus 199 that reduced holdings; notable buyers included AQR Capital Management and Brandes Investment Partners.
• Neutral Sentiment: Q3 guidance was close to consensus. Mohawk forecast adjusted EPS of $2.38–$2.48, compared with analysts’ $2.40 estimate, suggesting expectations were largely met rather than materially raised.
• Neutral Sentiment: Part of the earnings upside may be temporary. Tariff refunds contributed approximately $0.63 per share to second-quarter results, so investors may focus on underlying demand and profitability in subsequent quarters.
• Negative Sentiment: Insider selling and cycle concerns remain risks. Insiders reported 36 open-market sales and no purchases over the past six months. Analysts have also highlighted that Mohawk remains exposed to a housing and renovation downcycle. Recent price targets have a $117 median, below the stock’s reported $122.98 trading level. Mohawk Industries: Value Hiding In A Downcycle

Mohawk Industries Trading Down 0.1%

NYSE:MHK opened at $122.98 on Monday. 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 business’s 50-day simple moving average is $111.26 and its 200-day simple moving average is $111.39. Mohawk Industries, Inc. has a fifty-two week low of $92.99 and a fifty-two week high of $143.13. The stock has a market capitalization of $7.50 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 3.05 and a beta of 1.18.

Mohawk Industries (NYSE:MHK) last posted 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. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.Mohawk Industries’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Sell-side analysts expect that Mohawk Industries, Inc. will post 8.67 earnings per share for the current fiscal year.

Insider Buying and Selling at Mohawk Industries

In related news, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the business’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 sale, the chief executive officer directly owned 20,000 shares of the company’s stock, valued at approximately $2,241,600. The trade was a 18.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Suzanne L. Helen sold 16,600 shares of Mohawk Industries stock in a transaction dated Thursday, June 18th. The shares were 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 in the company, valued at $1,596,492.04. This represents a 54.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 40,186 shares of company stock valued at $4,460,321 in the last three months. 17.90% of the stock is owned by insiders.

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.