Heartland Advisors Inc. Takes $15.30 Million Position in Mohawk Industries, Inc. $MHK

Heartland Advisors Inc. acquired a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 126,088 shares of the company’s stock, valued at approximately $15,298,000.

Several other large investors also recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Mohawk Industries in the 2nd quarter worth about $25,000. Basecamp Wealth Advisors LLC boosted its holdings in shares of Mohawk Industries by 2,281.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock valued at $26,000 after acquiring an additional 251 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Mohawk Industries during the 4th quarter valued at about $27,000. Elevation Wealth Partners LLC grew its stake in shares of Mohawk Industries by 122.2% in the second quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock worth $27,000 after acquiring an additional 121 shares during the period. Finally, Global Retirement Partners LLC grew its stake in shares of Mohawk Industries by 950.0% in the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after acquiring an additional 228 shares during the period. 78.98% of the stock is currently owned by institutional investors.

Key Stories Impacting Mohawk Industries

Here are the key news stories impacting Mohawk Industries this week:

• Positive Sentiment: Zacks raised its EPS forecast for Q3 2026 to $2.53 from $2.47, Q2 2027 to $2.99 from $2.77, Q3 2027 to $2.79 from $2.78, and FY2027 to $9.85 from $9.70. These upward revisions suggest some improvement in analysts’ expectations for Mohawk’s medium-term earnings.
• Positive Sentiment: A Zacks analysis characterized Why Mohawk Industries Is a Top Value Stock for the Long-Term Mohawk as a potential long-term value stock, which may support investor interest following the company’s strong recent earnings performance.
• Neutral Sentiment: The estimate changes were mixed overall. Zacks lifted Q2 2028 EPS to $3.34 from $3.20, but maintained a “Hold” rating, indicating that the research firm sees limited near-term conviction despite some earnings upgrades.
• Negative Sentiment: Zacks reduced its forecasts for Q4 2026 EPS to $1.71 from $1.83, Q1 2027 to $1.85 from $1.91, Q1 2028 to $2.31 from $2.46, and FY2028 to $11.66 from $11.84. These cuts temper the longer-term outlook and could limit upside.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MHK. Truist Financial raised their target price on shares of Mohawk Industries from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. lowered their price target on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Barclays raised their price target on Mohawk Industries from $109.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Evercore set a $110.00 price objective on Mohawk Industries in a report on Monday, May 4th. Finally, Wells Fargo & Company upped their price objective on Mohawk Industries from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. One research 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 stock. According to MarketBeat.com, Mohawk Industries currently has a consensus rating of “Hold” and an average price target of $130.50.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 1,000 shares of Mohawk Industries stock in a transaction on Friday, August 14th. The stock was sold at an average price of $139.48, for a total transaction of $139,480.00. Following the transaction, the insider directly owned 6,132 shares in the company, valued at approximately $855,291.36. The trade was a 14.02% 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. Also, Director Bernard Thiers sold 13,393 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $134.98, for a total value of $1,807,787.14. Following the completion of the sale, the director owned 93,633 shares of the company’s stock, valued at approximately $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 quarter, insiders have sold 120,882 shares of company stock valued at $15,131,598. Company insiders own 17.90% of the company’s stock.

Mohawk Industries Stock Performance

Shares of NYSE MHK opened at $136.47 on Friday. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 1.97 and a beta of 1.18. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $120.35 and a 200 day moving average of $112.96.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results 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 for 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 7.50%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $2.77 earnings per share. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, research analysts anticipate that Mohawk Industries, Inc. will post 9.69 earnings per share for the current year.

Mohawk Industries Company 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.