Sanctuary Advisors LLC Acquires New Holdings in Mohawk Industries, Inc. $MHK

Sanctuary Advisors LLC bought a new stake in Mohawk Industries, Inc. (NYSE:MHK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,638 shares of the company’s stock, valued at approximately $1,412,000.

Other hedge funds also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of Mohawk Industries by 14.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock valued at $39,369,000 after purchasing an additional 42,655 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Mohawk Industries by 0.6% during the first 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 buying an additional 1,175 shares during the last quarter. Acadian Asset Management LLC bought a new position in Mohawk Industries during the first quarter valued at about $149,000. Creative Planning raised its holdings in Mohawk Industries by 10.2% during the second quarter. Creative Planning now owns 3,730 shares of the company’s stock valued at $391,000 after buying an additional 346 shares in the last quarter. Finally, CW Advisors LLC acquired a new stake in shares of Mohawk Industries in the second quarter worth about $280,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Insider Buying and Selling

In related news, CEO Jeffrey S. Lorberbaum sold 53,314 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $131.57, for a total transaction of $7,014,522.98. Following the transaction, the chief executive officer owned 10,000 shares of the company’s stock, valued at approximately $1,315,700. The trade was a 84.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Bernard Thiers sold 13,393 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $134.98, for a total transaction of $1,807,787.14. Following the completion of the sale, the director directly owned 93,633 shares of the company’s stock, valued at approximately $12,638,582.34. This trade represents a 12.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 115,882 shares of company stock valued at $14,603,948. 17.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MHK shares. Zacks Research raised Mohawk Industries from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Evercore set a $110.00 target price on Mohawk Industries in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $121.00 target price on shares of Mohawk Industries in a research report on Tuesday, August 4th. Royal Bank Of Canada lifted their price target on shares of Mohawk Industries from $117.00 to $130.00 and gave the company a “sector perform” rating in a research report on Monday, August 3rd. Finally, Barclays boosted their price objective on shares of Mohawk Industries from $109.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $130.50.

Mohawk Industries Price Performance

Shares of NYSE:MHK opened at $132.70 on Thursday. The business has a 50 day moving average price of $121.75 and a 200 day moving average price of $113.01. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $143.13. The company has a market cap of $8.99 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.93 and a beta of 1.18. 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 results on Thursday, July 30th. The company reported $3.67 EPS for the quarter, topping the consensus estimate of $2.58 by $1.09. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the business posted $2.77 EPS. The company’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. Research analysts predict that Mohawk Industries, Inc. will post 9.9 earnings per share for the current year.

Mohawk Industries Company 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.