III Capital Management Makes New Investment in Mohawk Industries, Inc. $MHK

III Capital Management acquired a new stake in Mohawk Industries, Inc. (NYSE:MHK) during the second quarter, according to its most recent filing with the SEC. The firm acquired 20,897 shares of the company’s stock, valued at approximately $2,535,000. Mohawk Industries comprises approximately 0.6% of III Capital Management’s holdings, making the stock its 22nd largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings in Mohawk Industries by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock valued at $39,369,000 after acquiring an additional 42,655 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Mohawk Industries by 0.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock worth $22,148,000 after purchasing an additional 1,175 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Mohawk Industries during the 1st quarter worth about $149,000. Creative Planning lifted its position in Mohawk Industries by 10.2% during the 2nd quarter. Creative Planning now owns 3,730 shares of the company’s stock valued at $391,000 after purchasing an additional 346 shares during the period. Finally, CW Advisors LLC bought a new position in shares of Mohawk Industries in the 2nd quarter valued at about $280,000. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

Shares of NYSE:MHK opened at $134.18 on Wednesday. The company 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. The firm’s 50 day simple moving average is $121.26 and its 200 day simple moving average is $113.00. 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, Inc. has a fifty-two week low of $92.99 and a fifty-two week high of $143.13.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the previous year, the business earned $2.77 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. As a group, sell-side analysts forecast that Mohawk Industries, Inc. will post 9.9 earnings per share for the current year.

Insiders Place Their Bets

In other Mohawk Industries 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 value of $1,807,787.14. Following the completion of the sale, the director directly owned 93,633 shares in the company, valued at $12,638,582.34. This represents a 12.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Suzanne L. Helen sold 16,600 shares of the stock in a transaction dated 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 sale, the insider owned 14,132 shares of the company’s stock, valued at $1,596,492.04. This trade represents a 54.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 115,882 shares of company stock worth $14,603,948. Corporate insiders own 17.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MHK shares. Royal Bank Of Canada boosted their price target on shares of Mohawk Industries from $117.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Monday, August 3rd. Weiss Ratings raised shares of Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Wells Fargo & Company upped their target price on shares of Mohawk Industries from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Wall Street Zen raised Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Finally, Zacks Research upgraded Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. One 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 company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $130.50.

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.