Citizens Financial Group Inc. RI Acquires New Holdings in Mohawk Industries, Inc. $MHK

Citizens Financial Group Inc. RI bought a new stake in Mohawk Industries, Inc. (NYSE:MHK) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,887 shares of the company’s stock, valued at approximately $472,000.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Mohawk Industries in the 2nd quarter valued at approximately $777,293,000. Dimensional Fund Advisors LP boosted its position in shares of Mohawk Industries by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,219,318 shares of the company’s stock worth $316,962,000 after purchasing an additional 80,761 shares during the period. State Street Corp boosted its position in shares of Mohawk Industries by 2.1% during the 2nd quarter. State Street Corp now owns 1,915,831 shares of the company’s stock worth $200,856,000 after purchasing an additional 39,556 shares during the period. AQR Capital Management LLC increased its holdings in Mohawk Industries by 15.9% in the 4th quarter. AQR Capital Management LLC now owns 1,829,347 shares of the company’s stock valued at $199,948,000 after purchasing an additional 251,012 shares during the last quarter. Finally, Pzena Investment Management LLC raised its position in Mohawk Industries by 0.6% in the fourth quarter. Pzena Investment Management LLC now owns 1,186,400 shares of the company’s stock valued at $129,674,000 after purchasing an additional 7,332 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MHK has been the topic of a number of research reports. Weiss Ratings upgraded Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Zacks Research raised Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Wells Fargo & Company boosted their price objective on Mohawk Industries from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Truist Financial increased their target price on Mohawk Industries from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, Barclays raised their target price on Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $130.50.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, CEO Jeffrey S. Lorberbaum sold 53,314 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $131.57, for a total value of $7,014,522.98. Following the sale, the chief executive officer owned 10,000 shares of the company’s stock, valued at $1,315,700. This trade represents a 84.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Bernard Thiers sold 13,393 shares of Mohawk Industries stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $134.98, for a total value of $1,807,787.14. Following the completion of the transaction, the director owned 93,633 shares of the company’s stock, valued at $12,638,582.34. The trade was a 12.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 120,882 shares of company stock worth $15,131,598. Company insiders own 17.90% of the company’s stock.

Mohawk Industries Price Performance

Mohawk Industries stock opened at $135.26 on Thursday. The firm has a market cap of $9.16 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 1.96 and a beta of 1.18. Mohawk Industries, Inc. has a 52-week low of $92.99 and a 52-week high of $143.13. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $119.30 and its two-hundred day moving average is $112.69.

Mohawk Industries (NYSE:MHK) last posted its quarterly 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 business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the previous year, the firm posted $2.77 earnings per share. The company’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. On average, research analysts expect that Mohawk Industries, Inc. will post 9.69 EPS for the current fiscal 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.