Mohawk Industries, Inc. $MHK Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 4.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 113,411 shares of the company’s stock after selling 5,063 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Mohawk Industries were worth $13,760,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Empowered Funds LLC purchased a new stake in shares of Mohawk Industries during the second quarter worth $667,000. United Capital Financial Advisors LLC purchased a new position in Mohawk Industries in the second quarter valued at $460,000. Public Employees Retirement System of Ohio acquired a new position in Mohawk Industries during the 2nd quarter worth $1,731,000. Proficio Capital Partners LLC purchased a new stake in Mohawk Industries during the 2nd quarter worth about $409,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in Mohawk Industries in the 2nd quarter valued at about $108,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Trading Up 1.5%

Shares of Mohawk Industries stock opened at $133.66 on Friday. 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 company has a fifty day simple moving average of $123.83 and a 200-day simple moving average of $112.97. The stock has a market cap of $9.05 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 1.93 and a beta of 1.18. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, July 30th. The company reported $3.67 EPS for the quarter, topping 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 firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period last year, the business earned $2.77 EPS. 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. On average, equities analysts forecast that Mohawk Industries, Inc. will post 9.9 EPS for the current fiscal year.

Insider Transactions at Mohawk Industries

In related news, Director Bernard Thiers sold 13,393 shares of the firm’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 transaction of $1,807,787.14. Following the transaction, the director owned 93,633 shares in the company, valued at $12,638,582.34. This trade represents a 12.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO David Repp sold 225 shares of Mohawk Industries stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $130.59, for a total transaction of $29,382.75. Following the completion of the transaction, the chief accounting officer directly owned 1,786 shares in the company, valued at $233,233.74. The trade was a 11.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 113,038 shares of company stock valued at $14,303,491 in the last 90 days. Company insiders own 17.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Robert W. Baird lifted their price objective on Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Truist Financial raised their target price on shares of Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Royal Bank Of Canada lifted their price target on shares of Mohawk Industries from $117.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Monday, August 3rd. Zacks Research raised shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $121.00 price objective on shares of Mohawk Industries in a research report on Tuesday, August 4th. 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.