Bull Harbor Capital LLC Makes New Investment in Mohawk Industries, Inc. $MHK

Bull Harbor Capital LLC purchased a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,298 shares of the company’s stock, valued at approximately $817,000.

A number of other large investors also recently modified their holdings of the company. Amundi boosted its holdings in shares of Mohawk Industries by 120.2% during the 1st quarter. Amundi now owns 127,441 shares of the company’s stock valued at $12,548,000 after acquiring an additional 69,563 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Mohawk Industries by 163.2% in the first quarter. EverSource Wealth Advisors LLC now owns 4,129 shares of the company’s stock valued at $407,000 after purchasing an additional 2,560 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Mohawk Industries by 23.9% during the first quarter. California State Teachers Retirement System now owns 61,204 shares of the company’s stock valued at $6,026,000 after purchasing an additional 11,807 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Mohawk Industries by 15.1% during the first quarter. Royal Bank of Canada now owns 63,247 shares of the company’s stock valued at $6,227,000 after purchasing an additional 8,306 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Mohawk Industries by 5.8% during the first quarter. The Manufacturers Life Insurance Company now owns 13,100 shares of the company’s stock worth $1,290,000 after purchasing an additional 718 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors.

Mohawk Industries Price Performance

Shares of MHK opened at $119.47 on Friday. The business has a 50-day moving average of $110.85 and a 200-day moving average of $111.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 2.81 and a beta of 1.18. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, July 30th. The company reported $3.67 EPS for the quarter, beating the consensus estimate of $2.58 by $1.09. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The firm’s revenue was up 6.8% on a year-over-year basis. During the same period 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, equities research analysts anticipate that Mohawk Industries, Inc. will post 8.67 earnings per share for the current year.

Key Mohawk Industries News

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

• Positive Sentiment: Q2 earnings beat expectations: Adjusted EPS was $3.67, well above the $2.58 analyst consensus. Reported EPS was $3.22, while adjusted net earnings reached $223 million, compared with $173 million a year earlier. Mohawk Industries Reports Q2 2026 Results
• Positive Sentiment: Revenue exceeded forecasts and grew year over year: Second-quarter net sales were approximately $3.0 billion, up 6.8% from $2.8 billion last year and ahead of the roughly $2.79 billion consensus estimate. Sales increased 5.0% after adjusting for constant days and exchange rates. Mohawk Industries Q2 Earnings Snapshot
• Positive Sentiment: Profit growth was notable: Reported net earnings rose to $196 million from $147 million in the prior-year quarter, and adjusted EPS increased from $2.77 to $3.67. The results suggest improved operating performance despite ongoing challenges in the housing and remodeling markets. Mohawk Industries Reports Q2 2026 Results
• Neutral Sentiment: Third-quarter outlook was broadly in line with expectations: Mohawk guided for EPS of $2.38 to $2.48, versus analyst consensus of $2.40. The midpoint is modestly above consensus, but the lower end of the range leaves room for a potential slowdown from the strong second quarter.

Insider Buying and Selling

In other news, 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 sale, the insider directly owned 14,132 shares of the company’s stock, valued at approximately $1,596,492.04. This represents a 54.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total transaction of $527,650.00. Following the sale, the chief executive officer owned 25,000 shares of the company’s stock, valued at approximately $2,638,250. This trade represents a 16.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 40,186 shares of company stock worth $4,460,321 in the last 90 days. Corporate insiders own 17.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MHK shares. Wells Fargo & Company lowered their price objective on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Truist Financial reduced their target price on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Robert W. Baird decreased their price target on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Bank of America reaffirmed a “neutral” rating and set a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. Finally, JPMorgan Chase & Co. cut their price target on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. One research 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $124.42.

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.