Empirical Finance LLC Acquires New Position in Mohawk Industries, Inc. $MHK

Empirical Finance LLC acquired a new stake in Mohawk Industries, Inc. (NYSE:MHK) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 7,794 shares of the company’s stock, valued at approximately $946,000.

Other large investors have also modified their holdings of the company. Rexford Capital Inc. lifted its holdings in shares of Mohawk Industries by 10.1% in the 4th quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock valued at $119,000 after buying an additional 100 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Mohawk Industries by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock worth $2,224,000 after acquiring an additional 100 shares during the period. Sequoia Financial Advisors LLC raised its position in Mohawk Industries by 1.8% in the first quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock worth $560,000 after acquiring an additional 101 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Mohawk Industries by 7.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock worth $171,000 after acquiring an additional 105 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its holdings in 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 acquiring an additional 121 shares during the period. 78.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Royal Bank Of Canada boosted their price target on Mohawk Industries from $117.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Monday, August 3rd. Barclays upped their price target on Mohawk Industries from $109.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Truist Financial raised their price objective on Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Finally, Zacks Research raised Mohawk Industries from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Mohawk Industries presently has an average rating of “Hold” and a consensus price target of $130.50.

Insider Buying and Selling

In other Mohawk Industries news, Director Bernard Thiers sold 13,393 shares of the firm’s stock in a transaction 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 completion of the transaction, the director owned 93,633 shares of the company’s stock, valued at approximately $12,638,582.34. This trade represents a 12.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Suzanne L. Helen sold 1,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $139.48, for a total value of $139,480.00. Following the completion of the transaction, the insider directly owned 6,132 shares of the company’s stock, valued at approximately $855,291.36. This trade represents a 14.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 113,038 shares of company stock worth $14,303,491 in the last quarter. Corporate insiders own 17.90% of the company’s stock.

Mohawk Industries Stock Performance

NYSE:MHK opened at $128.11 on Thursday. 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 price of $124.45 and a two-hundred day moving average price of $112.83. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $140.30. The company has a market capitalization of $8.68 billion, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results 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 company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the prior year, the firm earned $2.77 earnings per share. The company’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, research analysts expect that Mohawk Industries, Inc. will post 9.9 earnings per share for the current fiscal year.

Mohawk Industries 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.