Mohawk Industries, Inc. $MHK Stock Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC grew its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 347.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,739 shares of the company’s stock after purchasing an additional 5,233 shares during the quarter. Sterling Capital Management LLC’s holdings in Mohawk Industries were worth $840,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. MBL Wealth LLC increased its holdings in Mohawk Industries by 30.5% in the third quarter. MBL Wealth LLC now owns 2,318 shares of the company’s stock valued at $289,000 after buying an additional 542 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Mohawk Industries during the 3rd quarter worth about $123,000. Reyes Financial Architecture Inc. acquired a new stake in shares of Mohawk Industries during the 3rd quarter valued at about $37,000. Cardinal Capital Management grew its position in shares of Mohawk Industries by 6.0% during the 3rd quarter. Cardinal Capital Management now owns 17,015 shares of the company’s stock valued at $2,122,000 after acquiring an additional 966 shares during the period. Finally, Skylands Capital LLC increased its stake in shares of Mohawk Industries by 14.3% in the 3rd quarter. Skylands Capital LLC now owns 7,600 shares of the company’s stock valued at $948,000 after purchasing an additional 950 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Trading Up 1.7%

MHK stock opened at $125.39 on Wednesday. The firm has a 50-day moving average of $125.81 and a two-hundred day moving average of $116.34. Mohawk Industries, Inc. has a 12 month low of $92.99 and a 12 month high of $140.30.

Mohawk Industries (NYSE:MHK) last issued 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. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the prior year, the firm earned $2.77 earnings per share. 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. Sell-side analysts forecast that Mohawk Industries, Inc. will post 9.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Barclays upped their price target on Mohawk Industries from $109.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Robert W. Baird increased their price target on Mohawk Industries from $112.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Melius Research assumed coverage on shares of Mohawk Industries in a research report on Tuesday, October 6th. They issued a “buy” rating and a $188.00 target price on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $121.00 price target on shares of Mohawk Industries in a research note on Tuesday, August 4th. Finally, Evercore set a $129.00 price objective on Mohawk Industries in a report on Friday, September 25th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Mohawk Industries presently has an average rating of “Hold” and a consensus price target of $133.75.

Insiders Place Their Bets

In other Mohawk Industries news, insider Suzanne L. Helen sold 7,000 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $131.52, for a total value of $920,640.00. Following the completion of the sale, the insider directly owned 7,132 shares in the company, valued at $938,000.64. This represents a 49.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bernard Thiers sold 13,393 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were 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 owned 93,633 shares of the company’s stock, valued at approximately $12,638,582.34. The trade was a 12.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 172,996 shares of company stock valued at $22,433,248. Insiders own 17.90% of the company’s stock.

Mohawk Industries Profile

Mohawk Industries, Inc is a global manufacturer and distributor of flooring products. The company serves residential and commercial customers through products sold to retailers, distributors, builders, contractors and other industry professionals.

Its product portfolio includes carpet, rugs, ceramic and porcelain tile, hardwood flooring, laminate, luxury vinyl tile and other resilient flooring products. Mohawk markets products under a range of well-known brands, including Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean and Durkan.

The company traces its origins to a carpet mill established in 1878 and is headquartered in Calhoun, Georgia.