Lazard Asset Management LLC Has $2.01 Million Stake in Mohawk Industries, Inc. $MHK

Lazard Asset Management LLC boosted its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 48.6% in the first quarter, Holdings Channel reports. The firm owned 20,393 shares of the company’s stock after purchasing an additional 6,674 shares during the quarter. Lazard Asset Management LLC’s holdings in Mohawk Industries were worth $2,008,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Union Square Park Capital Management LLC acquired a new position in shares of Mohawk Industries during the 1st quarter worth about $985,000. Waverly Advisors LLC increased its position in shares of Mohawk Industries by 40.1% in the first quarter. Waverly Advisors LLC now owns 7,330 shares of the company’s stock valued at $722,000 after acquiring an additional 2,099 shares during the last quarter. Inceptionr LLC acquired a new stake in shares of Mohawk Industries in the first quarter valued at about $466,000. Sei Investments Co. raised its holdings in Mohawk Industries by 24.4% during the first quarter. Sei Investments Co. now owns 62,379 shares of the company’s stock worth $6,142,000 after acquiring an additional 12,218 shares in the last quarter. Finally, Lido Advisors LLC acquired a new position in Mohawk Industries during the first quarter valued at approximately $285,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Barclays raised their price target on Mohawk Industries from $96.00 to $109.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 14th. Evercore set a $110.00 price objective on Mohawk Industries in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $109.00 price objective on Mohawk Industries in a report on Tuesday, May 5th. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Finally, Zacks Research upgraded shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $124.42.

More Mohawk Industries News

Here are the key news stories impacting Mohawk Industries this week:

• Positive Sentiment: Q2 earnings and revenue beat expectations. Adjusted EPS was $3.67 versus the $2.58 consensus estimate, while revenue rose 6.8% year over year to approximately $2.99 billion, ahead of the $2.79 billion forecast. Adjusted net earnings reached $223 million, compared with $173 million in the prior-year quarter. Mohawk Industries Reports Q2 2026 Results
• Positive Sentiment: Operating momentum improved. Management attributed the strong quarter to volume growth, new product placements, customer restocking before price increases, favorable product mix, productivity gains and market-share gains in several regions. The results significantly exceeded the company’s own expectations. Why Mohawk Industries Stock Is Up Today
• Positive Sentiment: Institutional interest was broadly supportive. Recent filings showed 258 institutional investors increased positions, versus 199 that reduced holdings; notable buyers included AQR Capital Management and Brandes Investment Partners.
• Neutral Sentiment: Q3 guidance was close to consensus. Mohawk forecast adjusted EPS of $2.38–$2.48, compared with analysts’ $2.40 estimate, suggesting expectations were largely met rather than materially raised.
• Neutral Sentiment: Part of the earnings upside may be temporary. Tariff refunds contributed approximately $0.63 per share to second-quarter results, so investors may focus on underlying demand and profitability in subsequent quarters.
• Negative Sentiment: Insider selling and cycle concerns remain risks. Insiders reported 36 open-market sales and no purchases over the past six months. Analysts have also highlighted that Mohawk remains exposed to a housing and renovation downcycle. Recent price targets have a $117 median, below the stock’s reported $122.98 trading level. Mohawk Industries: Value Hiding In A Downcycle

Mohawk Industries Stock Performance

Shares of NYSE MHK opened at $122.98 on Monday. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $7.50 billion, a P/E ratio of 16.29, a P/E/G ratio of 3.05 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 stock has a 50 day moving average of $111.26 and a 200-day moving average of $111.39.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $1.09. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the prior year, the business earned $2.77 EPS. The firm’s revenue for the quarter 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, equities research analysts predict that Mohawk Industries, Inc. will post 8.67 EPS for the current year.

Insider Activity

In other Mohawk Industries news, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $105.53, for a total value of $527,650.00. Following the transaction, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at $2,638,250. This represents a 16.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Suzanne L. Helen sold 16,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 40,186 shares of company stock worth $4,460,321 over the last three months. Insiders own 17.90% of the company’s stock.

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.