Man Group plc Makes New $547,000 Investment in Mohawk Industries, Inc. $MHK

Man Group plc bought a new stake in Mohawk Industries, Inc. (NYSE:MHK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,508 shares of the company’s stock, valued at approximately $547,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Mohawk Industries in the second quarter worth about $25,000. Elevation Wealth Partners LLC boosted its stake in shares of Mohawk Industries by 122.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock valued at $27,000 after purchasing an additional 121 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Mohawk Industries by 950.0% during the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after buying an additional 228 shares during the period. Basecamp Wealth Advisors LLC grew its position in shares of Mohawk Industries by 2,281.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock worth $26,000 after buying an additional 251 shares during the period. Finally, Transamerica Financial Advisors LLC raised its stake in shares of Mohawk Industries by 216.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after buying an additional 188 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MHK. Royal Bank Of Canada lifted their price objective 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. Wall Street Zen raised Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Truist Financial boosted their target price on Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Barclays increased 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. Finally, 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 report on Monday, August 3rd. 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, the company presently has a consensus rating of “Hold” and an average price target of $130.50.

Insider Buying and Selling

In related news, CEO Jeffrey Lorberbaum sold 53,314 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $131.57, for a total value of $7,014,522.98. Following the completion of the transaction, the chief executive officer owned 10,000 shares of the company’s stock, valued at approximately $1,315,700. This trade represents a 84.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bernard Thiers sold 13,393 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 93,633 shares in the company, valued at $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. Over the last 90 days, insiders sold 113,038 shares of company stock worth $14,303,491. 17.90% of the stock is owned by insiders.

Mohawk Industries Stock Performance

Shares of Mohawk Industries stock opened at $131.57 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 1.87 and a beta of 1.18. The stock’s 50-day moving average is $123.56 and its 200-day moving average is $112.82. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $143.13.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, July 30th. The company reported $3.67 EPS for the quarter, beating the consensus estimate of $2.58 by $1.09. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the previous year, the business posted $2.77 EPS. The business’s quarterly revenue 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. Equities analysts predict 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.