Truist Financial Corp Reduces Holdings in Mohawk Industries, Inc. $MHK

Truist Financial Corp trimmed its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 50.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Root Financial Partners LLC bought a new position in Mohawk Industries in the 3rd quarter worth about $25,000. Bayforest Capital Ltd purchased a new position in shares of Mohawk Industries in the 4th quarter worth about $27,000. Quent Capital LLC purchased a new position in shares of Mohawk Industries in the 3rd quarter worth about $33,000. Salomon & Ludwin LLC purchased a new stake in Mohawk Industries during the 4th quarter valued at about $43,000. Finally, Danske Bank A S purchased a new stake in Mohawk Industries during the 3rd quarter valued at about $52,000. 78.98% of the stock is currently owned by institutional investors.

Mohawk Industries Stock Performance

MHK stock opened at $99.35 on Wednesday. The company has a market cap of $6.06 billion, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 2.47 and a beta of 1.20. Mohawk Industries, Inc. has a 1 year low of $93.60 and a 1 year high of $143.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23. The stock’s fifty day moving average price is $103.69 and its 200-day moving average price is $112.16.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Barclays dropped their target price on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Zacks Research lowered Mohawk Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. reduced their price objective on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mohawk Industries in a research report on Monday, April 27th. Finally, Wall Street Zen lowered Mohawk Industries from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $123.33.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 5,658 shares of Mohawk Industries stock in a transaction on Monday, March 9th. The stock was sold at an average price of $105.19, for a total transaction of $595,165.02. Following the transaction, the insider directly owned 61,935 shares in the company, valued at approximately $6,514,942.65. The trade was a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 12,000 shares of company stock worth $1,246,336 in the last quarter. 17.90% of the stock is currently owned by insiders.

About Mohawk Industries

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.