VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Stake in Mohawk Industries, Inc. $MHK

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Mohawk Industries, Inc. (NYSE:MHK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,250 shares of the company’s stock, valued at approximately $1,608,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MHK. California State Teachers Retirement System raised its stake in shares of Mohawk Industries by 11,690.0% during the 2nd quarter. California State Teachers Retirement System now owns 7,215,980 shares of the company’s stock valued at $875,515,000 after buying an additional 7,154,776 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Mohawk Industries in the 2nd quarter valued at about $777,293,000. Pzena Investment Management LLC purchased a new stake in shares of Mohawk Industries in the second quarter worth about $138,661,000. Norges Bank purchased a new stake in shares of Mohawk Industries in the fourth quarter worth about $77,528,000. Finally, AQR Capital Management LLC grew its holdings in Mohawk Industries by 73.9% during the third quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock worth $200,922,000 after acquiring an additional 670,601 shares during the period. 78.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Zacks Research raised Mohawk Industries from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $121.00 target price on shares of Mohawk Industries in a report on Tuesday, August 4th. Weiss Ratings upgraded shares of Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Finally, Robert W. Baird lifted their price objective on shares of Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. One equities research 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 company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $130.50.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, Director Bernard Thiers sold 13,393 shares of the business’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 completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Suzanne L. Helen sold 1,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $139.48, for a total value of $139,480.00. Following the transaction, the insider directly owned 6,132 shares of the company’s stock, valued at $855,291.36. The trade was a 14.02% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 110,686 shares of company stock valued at $14,048,438. 17.90% of the stock is currently owned by corporate insiders.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $126.84 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.92. The firm has a fifty day moving average of $124.70 and a 200 day moving average of $112.91. The firm has a market cap of $8.59 billion, a PE ratio of 16.80, a PEG ratio of 1.79 and a beta of 1.18. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $140.30.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data 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 business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period last year, the firm posted $2.77 earnings per share. The company’s 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. As a group, research analysts predict that Mohawk Industries, Inc. will post 9.9 EPS for the current fiscal year.

About Mohawk Industries

Mohawk Industries, Inc is a global manufacturer and distributor of flooring products. The company serves residential and commercial customers through a broad portfolio that includes carpet, rugs, ceramic and porcelain tile, laminate, hardwood, luxury vinyl tile and other resilient flooring products.

Mohawk markets its products under brands that include Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean, IVC and Durkan. Its products are sold through home improvement retailers, independent flooring dealers, distributors, builders, commercial contractors and other channels.

The company was formed in 1988 through the merger of Mohasco Corporation and Aladdin Mills and is headquartered in Calhoun, Georgia.