666,615 Shares in Mohawk Industries, Inc. $MHK Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board bought a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 666,615 shares of the company’s stock, valued at approximately $80,880,000. Canada Pension Plan Investment Board owned approximately 0.98% of Mohawk Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of MHK. Rexford Capital Inc. increased its position in shares of Mohawk Industries by 10.1% in the fourth quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock worth $119,000 after acquiring an additional 100 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Mohawk Industries by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock valued at $2,224,000 after acquiring an additional 100 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Mohawk Industries by 1.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock worth $560,000 after purchasing an additional 101 shares during the period. EverSource Wealth Advisors LLC grew its position in Mohawk Industries by 7.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock worth $171,000 after purchasing an additional 105 shares in the last quarter. Finally, Elevation Wealth Partners LLC raised its stake in Mohawk Industries by 122.2% during 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 period. Institutional investors own 78.98% of the company’s stock.

Insider Buying and Selling at Mohawk Industries

In other news, Director Bernard Thiers sold 13,393 shares of the 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 transaction, the director owned 93,633 shares of the company’s stock, valued at approximately $12,638,582.34. This represents a 12.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey S. Lorberbaum sold 53,314 shares of the firm’s stock in a transaction that occurred 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 directly owned 10,000 shares in the company, valued at $1,315,700. The trade was a 84.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 115,882 shares of company stock worth $14,603,948 over the last three months. Corporate insiders own 17.90% of the company’s stock.

Mohawk Industries Price Performance

NYSE MHK opened at $132.70 on Thursday. 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 has a market capitalization of $8.99 billion, a PE ratio of 17.58, a price-to-earnings-growth ratio of 1.93 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. The company has a 50 day moving average price of $121.75 and a two-hundred day moving average price of $113.01.

Mohawk Industries (NYSE:MHK) last announced its quarterly 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 for the quarter, compared to analyst estimates of $2.79 billion. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. Mohawk Industries’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. As a group, equities analysts predict that Mohawk Industries, Inc. will post 9.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MHK has been the topic of several recent analyst reports. Barclays upped their price target on Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Weiss Ratings raised shares of Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $121.00 target price on shares of Mohawk Industries in a research report on Tuesday, August 4th. Zacks Research raised shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. 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 research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, Mohawk Industries presently has an average rating of “Hold” and a consensus target price of $130.50.

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.