Citizens Financial Group Inc. RI Takes $472,000 Position in Mohawk Industries, Inc. $MHK

Citizens Financial Group Inc. RI acquired a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 3,887 shares of the company’s stock, valued at approximately $472,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MHK. BlackRock Inc. purchased a new position in Mohawk Industries in the second quarter valued at $777,293,000. Norges Bank purchased a new stake in Mohawk Industries during the 4th quarter worth about $77,528,000. AQR Capital Management LLC lifted its holdings in 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 buying an additional 670,601 shares during the last quarter. Steadfast Capital Management LP boosted its position 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 in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Mohawk Industries during the 2nd quarter worth about $35,648,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

Shares of Mohawk Industries stock opened at $135.26 on Thursday. The firm’s fifty day simple moving average is $119.30 and its 200-day simple moving average is $112.69. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 1.96 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 debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13.

Mohawk Industries (NYSE:MHK) last announced its earnings results 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. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the prior year, the firm earned $2.77 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. As a group, equities analysts forecast that Mohawk Industries, Inc. will post 9.69 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MHK. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $121.00 target price on shares of Mohawk Industries in a research report on Tuesday, August 4th. Barclays upped their price target on Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Evercore set a $110.00 price objective on shares of Mohawk Industries in a report on Monday, May 4th. Wells Fargo & Company boosted their price objective on shares of Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Finally, Truist Financial upped their target price on shares of Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. One investment 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 stock. According to data from MarketBeat, Mohawk Industries currently has an average rating of “Hold” and a consensus price target of $130.50.

Insiders Place Their Bets

In related news, CAO David Lee Repp sold 225 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $130.59, for a total transaction of $29,382.75. Following the transaction, the chief accounting officer 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 legal filing with the SEC, which is available at this link. Also, insider Suzanne L. Helen sold 1,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $139.48, for a total value of $139,480.00. Following the completion of the transaction, the insider owned 6,132 shares of the company’s stock, valued at $855,291.36. The trade was a 14.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 120,882 shares of company stock worth $15,131,598 over the last quarter. 17.90% of the stock is owned by company 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.