Principal Financial Group Inc. Has $24.77 Million Position in Mohawk Industries, Inc. $MHK

Principal Financial Group Inc. grew its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,621 shares of the company’s stock after purchasing an additional 4,929 shares during the period. Principal Financial Group Inc. owned approximately 0.41% of Mohawk Industries worth $24,775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MHK. Chicago Partners Investment Group LLC grew its holdings in shares of Mohawk Industries by 164.9% during the first quarter. Chicago Partners Investment Group LLC now owns 8,229 shares of the company’s stock valued at $892,000 after buying an additional 5,123 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new stake in Mohawk Industries during the 1st quarter worth about $334,000. Fifth Third Bancorp grew its stake in Mohawk Industries by 789.0% during the 1st quarter. Fifth Third Bancorp now owns 22,394 shares of the company’s stock valued at $2,205,000 after acquiring an additional 19,875 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Mohawk Industries by 1.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock valued at $560,000 after acquiring an additional 101 shares in the last quarter. Finally, ARGA Investment Management LP increased its holdings in shares of Mohawk Industries by 36.1% in the 1st quarter. ARGA Investment Management LP now owns 353,433 shares of the company’s stock valued at $34,799,000 after purchasing an additional 93,669 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Stock Down 2.9%

Shares of Mohawk Industries stock opened at $108.24 on Tuesday. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $108.44 and a two-hundred day moving average price of $111.25. The stock has a market capitalization of $6.60 billion, a P/E ratio of 16.23, a PEG ratio of 2.75 and a beta of 1.18.

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

Wall Street Analysts Forecast Growth

MHK has been the subject of a number of research analyst reports. Bank of America reissued a “neutral” rating and issued a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. 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 report on Sunday, June 21st. Robert W. Baird decreased their target price on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Finally, Evercore set a $110.00 price target on shares of Mohawk Industries in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $124.42.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, 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 completion of the transaction, the insider owned 14,132 shares of the company’s stock, valued at $1,596,492.04. The trade was a 54.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $105.53, for a total transaction of $527,650.00. Following the sale, the chief executive officer owned 25,000 shares of the company’s stock, valued at $2,638,250. This trade represents a 16.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 40,186 shares of company stock worth $4,460,321 in the last quarter. 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.