VIRGINIA RETIREMENT SYSTEMS ET Al Buys 9,650 Shares of Mohawk Industries, Inc. $MHK

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 55.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,050 shares of the company’s stock after purchasing an additional 9,650 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Mohawk Industries were worth $2,957,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its position in shares of Mohawk Industries by 14.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock valued at $39,369,000 after purchasing an additional 42,655 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Mohawk Industries by 0.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock valued at $22,148,000 after purchasing an additional 1,175 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Mohawk Industries during the 1st quarter valued at $149,000. Creative Planning raised its position in shares of Mohawk Industries by 10.2% during the 2nd quarter. Creative Planning now owns 3,730 shares of the company’s stock valued at $391,000 after purchasing an additional 346 shares during the period. Finally, CW Advisors LLC bought a new stake in shares of Mohawk Industries during the 2nd quarter valued at $280,000. Institutional investors own 78.98% of the company’s stock.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 5,658 shares of Mohawk Industries stock in a transaction on Monday, March 9th. The shares were sold at an average price of $105.19, for a total value of $595,165.02. Following the completion of the transaction, the insider directly owned 61,935 shares of the company’s stock, valued at $6,514,942.65. This trade represents a 8.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders have sold 12,000 shares of company stock valued at $1,246,336. Company insiders own 17.90% of the company’s stock.

Wall Street Analyst Weigh In

MHK has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research report on Monday, April 27th. Barclays decreased their price objective on shares of Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. JPMorgan Chase & Co. decreased their price objective 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. Evercore set a $110.00 price objective on shares of Mohawk Industries in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft set a $109.00 price objective on shares of Mohawk Industries in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $123.33.

Mohawk Industries Stock Performance

Shares of NYSE:MHK opened at $98.94 on Friday. Mohawk Industries, Inc. has a 52 week low of $93.60 and a 52 week high of $143.13. The stock has a market capitalization of $6.03 billion, a P/E ratio of 14.83, a PEG ratio of 2.40 and a beta of 1.20. The firm has a fifty day simple moving average of $102.96 and a two-hundred day simple moving average of $111.80. 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 quarterly earnings data on Thursday, April 30th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period last year, the company posted $1.52 EPS. The business’s revenue was up 8.0% on a year-over-year basis. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, analysts expect that Mohawk Industries, Inc. will post 8.78 earnings per share for the current fiscal year.

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.