Mohawk Industries, Inc. $MHK Holdings Cut by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its stake in Mohawk Industries, Inc. (NYSE:MHK) by 31.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,680 shares of the company’s stock after selling 4,464 shares during the period. PNC Financial Services Group Inc.’s holdings in Mohawk Industries were worth $953,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Mohawk Industries during the 4th quarter worth approximately $77,528,000. AQR Capital Management LLC boosted its position in Mohawk Industries by 73.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock valued at $200,922,000 after purchasing an additional 670,601 shares during the period. Steadfast Capital Management LP grew its stake in Mohawk Industries by 96.3% during the 3rd quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock worth $120,837,000 after buying an additional 459,700 shares during the last quarter. Freestone Grove Partners LP bought a new position in Mohawk Industries during the 3rd quarter worth $36,076,000. Finally, Gendell Jeffrey L increased its position in Mohawk Industries by 136.3% in the fourth quarter. Gendell Jeffrey L now owns 445,669 shares of the company’s stock worth $48,712,000 after buying an additional 257,100 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 16,600 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $1,596,492.04. This represents a 54.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $112.08, for a total transaction of $504,360.00. Following the completion of the transaction, the chief executive officer owned 20,000 shares of the company’s stock, valued at $2,241,600. This trade represents a 18.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 40,186 shares of company stock worth $4,460,321 over the last 90 days. 17.90% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MHK shares. JPMorgan Chase & Co. cut their target price on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Wells Fargo & Company lowered their price target on shares of 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 dropped their price objective on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Evercore set a $110.00 target price on shares of Mohawk Industries in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft set a $109.00 target price on shares of Mohawk Industries in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Mohawk Industries presently has an average rating of “Hold” and an average price target of $124.42.

Mohawk Industries News Roundup

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 Price Performance

Shares of MHK opened at $122.98 on Friday. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 3.05 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $143.13. The stock’s fifty day moving average is $111.26 and its 200-day moving average is $111.44.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, topping the consensus estimate of $2.58 by $1.09. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.79 billion. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.54%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.77 earnings per share. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Equities analysts anticipate that Mohawk Industries, Inc. will post 8.67 EPS for the current 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.