III Capital Management Acquires New Stake in Mohawk Industries, Inc. $MHK

III Capital Management bought a new position in Mohawk Industries, Inc. (NYSE:MHK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,897 shares of the company’s stock, valued at approximately $2,535,000. Mohawk Industries accounts for 0.6% of III Capital Management’s investment portfolio, making the stock its 22nd largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Mohawk Industries during the second quarter worth about $25,000. Basecamp Wealth Advisors LLC raised its position in Mohawk Industries by 2,281.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock valued at $26,000 after buying an additional 251 shares during the last quarter. Elevation Wealth Partners LLC raised its position in 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 buying an additional 121 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Mohawk Industries by 950.0% in the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after acquiring an additional 228 shares in the last quarter. Finally, Transamerica Financial Advisors LLC lifted its position in shares of Mohawk Industries by 216.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after purchasing an additional 188 shares in the last quarter. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Price Performance

NYSE:MHK opened at $134.18 on Wednesday. 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 stock’s 50 day moving average price is $121.26 and its two-hundred day moving average price is $113.00. The firm has a market capitalization of $9.09 billion, a price-to-earnings ratio of 17.77, a P/E/G ratio of 1.94 and a beta of 1.18. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, July 30th. The company reported $3.67 EPS for the quarter, topping the consensus estimate of $2.58 by $1.09. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.79 billion. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, analysts anticipate that Mohawk Industries, Inc. will post 9.9 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MHK. Truist Financial increased their price objective on shares of Mohawk Industries from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Wells Fargo & Company upped their price objective on Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Barclays boosted their target price on shares of Mohawk Industries from $109.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Evercore set a $110.00 price target on shares of Mohawk Industries in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $121.00 price target on shares of Mohawk Industries in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Mohawk Industries has a consensus rating of “Hold” and an average price target of $130.50.

Insiders Place Their Bets

In other news, CAO David Lee Repp sold 225 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $130.59, for a total value of $29,382.75. Following the transaction, the chief accounting officer directly owned 1,786 shares of the company’s stock, valued at $233,233.74. This represents a 11.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey S. Lorberbaum sold 5,764 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $131.76, for a total transaction of $759,464.64. Following the sale, the chief executive officer owned 79,625 shares of the company’s stock, valued at approximately $10,491,390. This represents a 6.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 115,882 shares of company stock worth $14,603,948. Company insiders own 17.90% of the company’s stock.

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.