Sanctuary Advisors LLC Invests $1.41 Million in Mohawk Industries, Inc. $MHK

Sanctuary Advisors LLC acquired a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) during the second quarter, HoldingsChannel reports. The firm acquired 11,638 shares of the company’s stock, valued at approximately $1,412,000.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Mohawk Industries during the second quarter worth $777,293,000. Pzena Investment Management LLC acquired a new position in shares of Mohawk Industries in the 2nd quarter valued at $138,661,000. Norges Bank acquired a new position in shares of Mohawk Industries in the 4th quarter valued at $77,528,000. AQR Capital Management LLC lifted its holdings in shares of Mohawk Industries by 73.9% during the 3rd 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. Finally, Steadfast Capital Management LP lifted its holdings in shares of Mohawk Industries by 96.3% during the 3rd quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock worth $120,837,000 after acquiring an additional 459,700 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Evercore set a $110.00 price objective on Mohawk Industries in a report on Monday, May 4th. Wells Fargo & Company upped their price objective on Mohawk Industries from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. cut their target price on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Finally, Zacks Research raised Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. One 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $130.50.

Mohawk Industries Trading Down 0.8%

Shares of MHK stock opened at $132.70 on Thursday. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13. The company has a market capitalization of $8.99 billion, a P/E ratio of 17.58, a P/E/G ratio of 1.93 and a beta of 1.18. The firm has a 50-day moving average price of $121.75 and a 200 day moving average price of $113.01. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14.

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

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, CEO Jeffrey S. Lorberbaum sold 53,314 shares of Mohawk Industries stock in a transaction on Monday, August 3rd. The stock was 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 owned 10,000 shares in the company, valued at approximately $1,315,700. The trade was a 84.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Suzanne L. Helen sold 16,600 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $112.97, for a total value of $1,875,302.00. Following the completion of the transaction, the insider directly owned 14,132 shares in the company, valued at approximately $1,596,492.04. This represents a 54.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 115,882 shares of company stock valued at $14,603,948 in the last three months. 17.90% of the stock is owned by corporate insiders.

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.