Wilsey Asset Management Inc. Has $29.84 Million Holdings in Mohawk Industries, Inc. $MHK

Wilsey Asset Management Inc. lifted its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 27.4% during the first quarter, HoldingsChannel.com reports. The firm owned 303,104 shares of the company’s stock after purchasing an additional 65,235 shares during the period. Mohawk Industries accounts for 4.7% of Wilsey Asset Management Inc.’s portfolio, making the stock its 16th biggest position. Wilsey Asset Management Inc.’s holdings in Mohawk Industries were worth $29,844,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. HB Wealth Management LLC lifted its position in Mohawk Industries by 48.9% during the 1st quarter. HB Wealth Management LLC now owns 4,868 shares of the company’s stock worth $479,000 after buying an additional 1,598 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Mohawk Industries by 7.0% in the 1st quarter. New York State Teachers Retirement System now owns 51,164 shares of the company’s stock valued at $5,038,000 after acquiring an additional 3,344 shares in the last quarter. Root Financial Partners LLC increased its position in shares of Mohawk Industries by 306.3% in the first quarter. Root Financial Partners LLC now owns 963 shares of the company’s stock valued at $95,000 after acquiring an additional 726 shares during the last quarter. SJS Investment Consulting Inc. increased its position in shares of Mohawk Industries by 105.7% in the first quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock valued at $32,000 after acquiring an additional 166 shares during the last quarter. Finally, Inspire Investing LLC raised its holdings in Mohawk Industries by 14.7% during the first quarter. Inspire Investing LLC now owns 3,450 shares of the company’s stock worth $340,000 after acquiring an additional 443 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MHK. Bank of America reissued a “neutral” rating and set a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. Barclays dropped their price objective on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Robert W. Baird cut their price objective on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Weiss Ratings cut shares of Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Mohawk Industries has a consensus rating of “Hold” and an average target price of $123.33.

Mohawk Industries Trading Down 0.1%

Shares of Mohawk Industries stock opened at $119.28 on Monday. The business has a fifty day simple moving average of $107.01 and a two-hundred day simple moving average of $111.12. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 2.95 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.80 by $0.10. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Research analysts forecast that Mohawk Industries, Inc. will post 8.71 EPS for the current year.

Insider Activity

In other Mohawk Industries 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 completion of the sale, the insider directly owned 14,132 shares in the company, valued at $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 is available at this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $112.08, for a total value of $504,360.00. Following the sale, the chief executive officer owned 20,000 shares of the company’s stock, valued at approximately $2,241,600. This represents a 18.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 40,186 shares of company stock valued at $4,460,321 in the last ninety days. 17.90% of the stock is currently owned by insiders.

About Mohawk Industries

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.