Evolve Private Wealth LLC Takes Position in Mohawk Industries, Inc. $MHK

Evolve Private Wealth LLC purchased a new position in Mohawk Industries, Inc. (NYSE:MHK) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 4,945 shares of the company’s stock, valued at approximately $600,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Mohawk Industries in the second quarter valued at about $25,000. Elevation Wealth Partners LLC lifted its position in shares of 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 during the last quarter. Global Retirement Partners LLC lifted its position 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 buying an additional 228 shares during the last quarter. Basecamp Wealth Advisors LLC boosted its holdings 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 buying an additional 251 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its holdings in shares of Mohawk Industries by 216.1% in 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. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on MHK. Zacks Research upgraded 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 note on Sunday, June 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $121.00 price target on shares of Mohawk Industries in a report on Tuesday, August 4th. Truist Financial increased their price objective on Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Finally, Evercore set a $110.00 price objective on Mohawk Industries in a research 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 given a Hold rating to the company’s stock. According to data from MarketBeat, Mohawk Industries presently has a consensus rating of “Hold” and an average price target of $130.50.

Mohawk Industries Stock Down 1.5%

NYSE:MHK opened at $134.17 on Tuesday. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $143.13. The company has a market cap of $9.09 billion, a PE ratio of 17.77, a P/E/G ratio of 1.97 and a beta of 1.18. The company’s 50 day moving average is $120.80 and its two-hundred day moving average is $112.98.

Mohawk Industries (NYSE:MHK) last posted its quarterly 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. 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 analysts’ expectations of $2.79 billion. During the same quarter last year, the company posted $2.77 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Analysts anticipate that Mohawk Industries, Inc. will post 9.9 EPS for the current year.

Insider Buying and Selling

In related news, Director Bernard Thiers sold 13,393 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were 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 $12,638,582.34. This trade represents a 12.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Suzanne L. Helen sold 16,600 shares of the business’s stock in a transaction 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 owned 14,132 shares of the company’s stock, valued at $1,596,492.04. This represents a 54.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 120,882 shares of company stock worth $15,131,598 in the last 90 days. Insiders own 17.90% of the company’s stock.

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.