Ieq Capital LLC Takes Position in Mohawk Industries, Inc. $MHK

Ieq Capital LLC purchased a new position in Mohawk Industries, Inc. (NYSE:MHK) during the 2nd quarter, HoldingsChannel reports. The firm purchased 176,992 shares of the company’s stock, valued at approximately $21,474,000.

Several other large investors also recently made changes to their positions in MHK. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Mohawk Industries during the second quarter worth approximately $25,000. Elevation Wealth Partners LLC lifted its stake in Mohawk Industries by 122.2% during 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. Bayforest Capital Ltd purchased a new position in shares of Mohawk Industries in the fourth quarter worth approximately $27,000. Global Retirement Partners LLC raised its holdings in shares of Mohawk Industries by 950.0% during the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after acquiring an additional 228 shares during the period. Finally, Basecamp Wealth Advisors LLC lifted its position in shares of Mohawk Industries by 2,281.8% in 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 in the last quarter. Institutional investors own 78.98% of the company’s stock.

Analyst Ratings Changes

MHK has been the topic of several recent analyst reports. Barclays boosted their target price on shares of Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Royal Bank Of Canada upped their price target on Mohawk Industries from $117.00 to $130.00 and gave the company a “sector perform” rating in a research report on Monday, August 3rd. Truist Financial raised their price objective on Mohawk Industries from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Zacks Research raised Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Finally, Evercore set a $110.00 target price on Mohawk Industries in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $130.50.

Insider Buying and Selling

In other news, CEO Jeffrey S. Lorberbaum sold 5,764 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $131.76, for a total transaction of $759,464.64. Following the transaction, the chief executive officer owned 79,625 shares of the company’s stock, valued at approximately $10,491,390. This represents a 6.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO David Lee Repp sold 225 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $130.59, for a total value of $29,382.75. Following the completion of the sale, the chief accounting officer owned 1,786 shares of the company’s stock, valued at approximately $233,233.74. This trade represents a 11.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 120,882 shares of company stock worth $15,131,598. Insiders own 17.90% of the company’s stock.

Mohawk Industries Stock Performance

Shares of MHK stock opened at $136.47 on Friday. The firm has a market cap of $9.24 billion, a P/E ratio of 18.08, a PEG ratio of 1.97 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13. Mohawk Industries, Inc. has a fifty-two week low of $92.99 and a fifty-two week high of $143.13. The stock’s 50-day moving average is $120.35 and its two-hundred day moving average is $112.96.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $1.09. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the previous year, the business earned $2.77 EPS. Mohawk Industries’s quarterly revenue 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. Analysts predict that Mohawk Industries, Inc. will post 9.69 earnings per share for the current fiscal year.

Trending Headlines about 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.

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.