Donald Smith & CO. Inc. Invests $42.16 Million in Mohawk Industries, Inc. $MHK

Donald Smith & CO. Inc. purchased a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 347,455 shares of the company’s stock, valued at approximately $42,157,000.

A number of other large investors also recently bought and sold shares of MHK. BlackRock Inc. purchased a new stake in Mohawk Industries in the second quarter worth $777,293,000. Pzena Investment Management LLC bought a new stake in shares of Mohawk Industries during the second quarter worth $138,661,000. Norges Bank purchased a new stake in shares of Mohawk Industries during the fourth quarter valued at $77,528,000. AQR Capital Management LLC grew its holdings in shares of Mohawk Industries by 73.9% in the third quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock worth $200,922,000 after purchasing an additional 670,601 shares during the last quarter. Finally, Steadfast Capital Management LP grew its holdings in shares of Mohawk Industries by 96.3% in the third quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock worth $120,837,000 after purchasing an additional 459,700 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Insider Buying and Selling

In other Mohawk Industries news, Director Bernard Thiers sold 13,393 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $134.98, for a total value of $1,807,787.14. Following the completion of the transaction, the director directly owned 93,633 shares in the company, valued at approximately $12,638,582.34. The trade was a 12.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 5,764 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $131.76, for a total transaction of $759,464.64. Following the sale, the chief executive officer directly owned 79,625 shares of the company’s stock, valued at approximately $10,491,390. The trade was a 6.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 120,882 shares of company stock valued at $15,131,598. Company insiders own 17.90% of the company’s stock.

Key Stories Impacting 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 Stock Performance

Shares of NYSE:MHK opened at $136.47 on Friday. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 1.97 and a beta of 1.18. Mohawk Industries, Inc. has a 52 week low of $92.99 and a 52 week high of $143.13. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. The firm has a 50 day moving average of $120.35 and a 200 day moving average of $112.96.

Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $1.09. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the prior year, the business earned $2.77 earnings per share. Mohawk Industries’s 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. On average, sell-side analysts predict that Mohawk Industries, Inc. will post 9.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Evercore set a $110.00 price objective on shares of Mohawk Industries in a report on Monday, May 4th. JPMorgan Chase & Co. dropped their target price on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Robert W. Baird raised their target price on shares of Mohawk Industries from $112.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Weiss Ratings raised shares of Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $130.50.

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.