6,003 Shares in Mohawk Industries, Inc. $MHK Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,003 shares of the company’s stock, valued at approximately $728,000.

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

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 16,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the transaction, the insider directly owned 14,132 shares of the company’s stock, valued at approximately $1,596,492.04. This trade represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 directly owned 93,633 shares in the company, valued at approximately $12,638,582.34. This trade represents a 12.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 120,882 shares of company stock worth $15,131,598 in the last three months. Corporate insiders own 17.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MHK. Truist Financial upped their price objective on Mohawk Industries from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $121.00 price target on shares of Mohawk Industries in a research report on Tuesday, August 4th. 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 lifted their price objective 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. Finally, Weiss Ratings upgraded shares of Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. One 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $130.50.

Mohawk Industries Stock Performance

Mohawk Industries stock opened at $135.26 on Thursday. 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 1-year low of $92.99 and a 1-year high of $143.13. The firm has a market capitalization of $9.16 billion, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 1.96 and a beta of 1.18. The company’s 50-day moving average is $119.30 and its 200 day moving average is $112.69.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $1.09. The business had revenue of $2.99 billion during 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 firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last 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 forecast that Mohawk Industries, Inc. will post 9.69 EPS 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.