Pacer Advisors Inc. Invests $23.33 Million in Mohawk Industries, Inc. $MHK

Pacer Advisors Inc. bought a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 236,959 shares of the company’s stock, valued at approximately $23,331,000.

Other large investors have also recently bought and sold shares of the company. Rexford Capital Inc. grew its position in Mohawk Industries by 10.1% in the 4th quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock worth $119,000 after purchasing an additional 100 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Mohawk Industries by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock worth $2,224,000 after purchasing an additional 100 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Mohawk Industries by 1.8% during the first quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock valued at $560,000 after buying an additional 101 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Mohawk Industries by 7.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock valued at $171,000 after buying an additional 105 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Mohawk Industries by 20.7% in the fourth quarter. Signaturefd LLC now owns 671 shares of the company’s stock valued at $73,000 after buying an additional 115 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mohawk Industries

In related news, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $112.08, for a total value of $504,360.00. Following the sale, the chief executive officer owned 20,000 shares of the company’s stock, valued at $2,241,600. The trade was a 18.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Suzanne L. Helen sold 16,600 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were 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 in the company, valued at $1,596,492.04. This trade represents a 54.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 40,186 shares of company stock worth $4,460,321. Corporate insiders own 17.90% of the company’s stock.

Mohawk Industries Price Performance

Shares of Mohawk Industries stock opened at $132.54 on Tuesday. The firm has a market cap of $8.08 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 3.05 and a beta of 1.18. The firm’s 50-day simple moving average is $111.86 and its 200-day simple moving average is $111.47. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $143.13. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.92.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $1.09. The firm had revenue of $2.99 billion during 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%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.77 earnings per share. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. As a group, research analysts expect that Mohawk Industries, Inc. will post 8.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MHK shares. Zacks Research upgraded Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. JPMorgan Chase & Co. reduced their price objective 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. Wells Fargo & Company lifted their price objective on Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday. Robert W. Baird boosted 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. Finally, Evercore set a $110.00 target price on Mohawk Industries in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $127.83.

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.