Wilsey Asset Management Inc. Has $38.09 Million Stock Holdings in Mohawk Industries, Inc. $MHK

Wilsey Asset Management Inc. increased its stake in Mohawk Industries, Inc. (NYSE:MHK) by 3.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 313,981 shares of the company’s stock after acquiring an additional 10,877 shares during the period. Mohawk Industries comprises approximately 5.6% of Wilsey Asset Management Inc.’s portfolio, making the stock its 9th largest position. Wilsey Asset Management Inc.’s holdings in Mohawk Industries were worth $38,095,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in MHK. LifeGoal Investments LLC bought a new stake in Mohawk Industries during the second quarter worth about $225,000. Elevation Wealth Partners LLC increased its position in shares of Mohawk Industries by 122.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock valued at $27,000 after purchasing an additional 121 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Mohawk Industries by 10.3% during the 2nd quarter. GAMMA Investing LLC now owns 3,926 shares of the company’s stock valued at $476,000 after purchasing an additional 366 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Mohawk Industries by 338.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,031 shares of the company’s stock valued at $125,000 after buying an additional 796 shares in the last quarter. Finally, Basecamp Wealth Advisors LLC lifted its position in Mohawk Industries by 2,281.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock worth $26,000 after buying an additional 251 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Insider Activity

In other Mohawk Industries news, insider Suzanne L. Helen sold 7,000 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $131.52, for a total transaction of $920,640.00. Following the completion of the sale, the insider owned 7,132 shares of the company’s stock, valued at $938,000.64. This represents a 49.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Bernard Thiers sold 13,393 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $134.98, for a total transaction of $1,807,787.14. Following the completion of the sale, the director directly owned 93,633 shares in the company, valued at approximately $12,638,582.34. This trade represents a 12.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 119,882 shares of company stock valued at $14,992,118. 17.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JPMorgan Chase & Co. cut their target price on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. 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 note on Monday, April 20th. Wells Fargo & Company boosted their price objective on shares of Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $121.00 price objective on shares of Mohawk Industries in a research note on Tuesday. Finally, Zacks Research upgraded shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. One investment 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 stock. Based on data from MarketBeat, Mohawk Industries has a consensus rating of “Hold” and a consensus price target of $130.50.

Mohawk Industries Price Performance

Shares of Mohawk Industries stock opened at $132.62 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $143.13. The business’s 50 day simple moving average is $113.60 and its two-hundred day simple moving average is $111.74. The stock has a market capitalization of $8.98 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 2.00 and a beta of 1.18.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, beating 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 firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the prior year, the firm posted $2.77 earnings per share. The business’s quarterly revenue 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. Analysts forecast that Mohawk Industries, Inc. will post 9.69 EPS for the current year.

Key Stories Impacting Mohawk Industries

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

• Positive Sentiment: Truist raised its price target from $135 to $155 and reiterated its Buy rating. The move reflects confidence in Mohawk’s earnings recovery, productivity improvements and operating performance. Wells Fargo also raised its target from $115 to $125, although it retained an Equal Weight rating. Truist price target update
• Positive Sentiment: Mohawk’s latest quarterly results significantly exceeded expectations. EPS was $3.67 versus the $2.58 consensus estimate, while revenue rose 6.8% year over year to $2.99 billion, above the $2.79 billion forecast. Pricing, productivity and restructuring benefits are supporting margins despite weak housing-related demand. Mohawk earnings analysis
• Neutral Sentiment: Analysts remain divided on the recovery. Baird increased its target to $132 but kept a Neutral rating, while the broader analyst consensus remains Hold with an average target of $130.50. Investors are also watching whether margin gains can persist without temporary tariff-related benefits. Analyst and margin outlook
• Negative Sentiment: Several insiders sold shares in transactions disclosed this week. CEO Jeffrey S. Lorberbaum sold 59,078 shares for approximately $7.77 million, reducing his ownership substantially. Director Bernard Thiers sold 13,393 shares worth about $1.81 million, while insider Suzanne Helen sold 7,000 shares for $920,640 and CAO David Lee Repp sold 225 shares for $29,383. The sales may weigh on sentiment following the stock’s advance, although they do not necessarily indicate deteriorating fundamentals. SEC insider filings
• Negative Sentiment: Weak residential flooring demand and valuation are limiting enthusiasm. Many analysts continue to use neutral ratings, and the consensus target is below recent trading levels. The key risk is that housing-market weakness could offset Mohawk’s productivity and pricing gains.

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.