Public Employees Retirement System of Ohio Makes New $1.73 Million Investment in Mohawk Industries, Inc. $MHK

Public Employees Retirement System of Ohio bought a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 14,270 shares of the company’s stock, valued at approximately $1,731,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Mohawk Industries during the second quarter worth approximately $25,000. Elevation Wealth Partners LLC increased its position 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 valued at $27,000 after buying an additional 121 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of Mohawk Industries by 950.0% during the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after buying an additional 228 shares during the period. Basecamp Wealth Advisors LLC raised its stake 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 worth $26,000 after buying an additional 251 shares during the period. Finally, Transamerica Financial Advisors LLC lifted its position in shares of Mohawk Industries by 216.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock valued at $30,000 after buying an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $139.48, for a total value of $139,480.00. Following the transaction, the insider directly owned 6,132 shares of the company’s stock, valued at $855,291.36. This trade represents a 14.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bernard Thiers sold 13,393 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 93,633 shares in the company, valued at approximately $12,638,582.34. This represents a 12.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 113,038 shares of company stock worth $14,303,491 in the last 90 days. 17.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MHK has been the subject of several recent analyst reports. Barclays boosted their price target on shares of Mohawk Industries from $109.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Royal Bank Of Canada lifted their target price on shares of Mohawk Industries from $117.00 to $130.00 and gave the company a “sector perform” rating in a research report on Monday, August 3rd. Zacks Research raised shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Finally, Weiss Ratings raised shares of Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $130.50.

Mohawk Industries Trading Up 0.0%

Shares of MHK stock opened at $133.66 on Monday. Mohawk Industries, Inc. has a fifty-two week low of $92.99 and a fifty-two week high of $143.13. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.92. The stock’s fifty day moving average is $123.83 and its two-hundred day moving average is $112.83. The firm has a market capitalization of $9.05 billion, a P/E ratio of 17.70, a PEG ratio of 1.93 and a beta of 1.18.

Mohawk Industries (NYSE:MHK) last released 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. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.79 billion. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.77 earnings per share. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Research analysts expect that Mohawk Industries, Inc. will post 9.9 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.