Edmond DE Rothschild Holding S.A. Buys New Stake in Mohawk Industries, Inc. $MHK

Edmond DE Rothschild Holding S.A. bought a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) during the 2nd quarter, Holdings Channel reports. The firm bought 300,000 shares of the company’s stock, valued at approximately $36,399,000.

Several other institutional investors and hedge funds also recently modified their holdings of MHK. UBS Group AG raised its position in shares of Mohawk Industries by 6.1% during the 4th quarter. UBS Group AG now owns 227,068 shares of the company’s stock worth $24,819,000 after buying an additional 13,090 shares in the last quarter. Tejara Capital Ltd bought a new position in shares of Mohawk Industries in the fourth quarter valued at approximately $2,514,000. Olstein Capital Management L.P. boosted its holdings in shares of Mohawk Industries by 23.9% in the fourth quarter. Olstein Capital Management L.P. now owns 68,750 shares of the company’s stock valued at $7,514,000 after acquiring an additional 13,250 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Mohawk Industries by 11.5% during the fourth quarter. BNP Paribas Financial Markets now owns 132,723 shares of the company’s stock valued at $14,507,000 after acquiring an additional 13,663 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in shares of Mohawk Industries by 275.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 61,477 shares of the company’s stock valued at $6,719,000 after acquiring an additional 45,109 shares during the period. Institutional investors own 78.98% of the company’s stock.

Insider Buying and Selling

In other Mohawk Industries news, Director Bernard Thiers sold 13,393 shares of the business’s stock in a transaction dated 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 sale, the director owned 93,633 shares in the company, valued at approximately $12,638,582.34. The trade was a 12.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 53,314 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $131.57, for a total transaction of $7,014,522.98. Following the sale, the chief executive officer directly owned 10,000 shares of the company’s stock, valued at $1,315,700. This represents a 84.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 120,882 shares of company stock valued at $15,131,598. 17.90% of the stock is owned by corporate insiders.

Mohawk Industries Stock Performance

MHK opened at $135.26 on Thursday. The firm has a market cap of $9.16 billion, a PE ratio of 17.91, a P/E/G ratio of 1.96 and a beta of 1.18. 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 business has a fifty day simple moving average of $119.30 and a 200-day simple moving average of $112.69. Mohawk Industries, Inc. has a fifty-two week low of $92.99 and a fifty-two week high of $143.13.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period in the previous year, the firm earned $2.77 earnings per share. Mohawk Industries’s revenue for the quarter 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. As a group, equities analysts predict that Mohawk Industries, Inc. will post 9.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MHK. Barclays upped their target price on Mohawk Industries from $109.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $121.00 price target on shares of Mohawk Industries in a research report on Tuesday, August 4th. Robert W. Baird upped their price objective on Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Royal Bank Of Canada raised their target price on Mohawk Industries from $117.00 to $130.00 and gave the company a “sector perform” rating in a research note on Monday, August 3rd. Finally, Evercore set a $110.00 target price on Mohawk Industries in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have given 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 price target of $130.50.

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.