Donald Smith & CO. Inc. Acquires Shares of 347,455 Mohawk Industries, Inc. $MHK

Donald Smith & CO. Inc. bought a new position in Mohawk Industries, Inc. (NYSE:MHK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 347,455 shares of the company’s stock, valued at approximately $42,157,000. Donald Smith & CO. Inc. owned approximately 0.51% of Mohawk Industries as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rexford Capital Inc. grew its stake in Mohawk Industries by 10.1% during the fourth quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock valued at $119,000 after acquiring an additional 100 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Mohawk Industries by 0.6% in 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 in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Mohawk Industries by 1.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock valued at $560,000 after purchasing an additional 101 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Mohawk Industries by 7.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock valued at $171,000 after purchasing an additional 105 shares during the last quarter. Finally, Elevation Wealth Partners LLC grew its position in shares of Mohawk Industries by 122.2% during the second quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock valued at $27,000 after purchasing an additional 121 shares in the last quarter. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Up 2.2%

Shares of NYSE:MHK opened at $136.47 on Friday. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.97 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 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 50-day moving average price of $120.35 and a 200 day moving average price of $112.96.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data 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 analysts’ expectations of $2.79 billion. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm 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 predict that Mohawk Industries, Inc. will post 9.69 earnings per share for the current year.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 1,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $139.48, for a total transaction of $139,480.00. Following the transaction, the insider owned 6,132 shares in the company, valued at $855,291.36. The trade was a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO David Lee Repp sold 225 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $130.59, for a total transaction of $29,382.75. Following the completion of the sale, the chief accounting officer directly owned 1,786 shares in the company, valued at approximately $233,233.74. This represents a 11.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 120,882 shares of company stock valued at $15,131,598 in the last three months. Corporate insiders own 17.90% of the company’s stock.

Analyst Ratings Changes

MHK has been the topic of a number of research analyst reports. Zacks Research upgraded Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Royal Bank Of Canada raised their price target on Mohawk Industries from $117.00 to $130.00 and gave the company a “sector perform” rating in a report on Monday, August 3rd. Weiss Ratings raised Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Truist Financial upped their price objective on Mohawk Industries from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Barclays increased their target price on Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $130.50.

More Mohawk Industries News

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

• Positive Sentiment: Zacks raised its EPS forecast for Q3 2026 to $2.53 from $2.47, Q2 2027 to $2.99 from $2.77, Q3 2027 to $2.79 from $2.78, and FY2027 to $9.85 from $9.70. These upward revisions suggest some improvement in analysts’ expectations for Mohawk’s medium-term earnings.
• Positive Sentiment: A Zacks analysis characterized Why Mohawk Industries Is a Top Value Stock for the Long-Term Mohawk as a potential long-term value stock, which may support investor interest following the company’s strong recent earnings performance.
• Neutral Sentiment: The estimate changes were mixed overall. Zacks lifted Q2 2028 EPS to $3.34 from $3.20, but maintained a “Hold” rating, indicating that the research firm sees limited near-term conviction despite some earnings upgrades.
• Negative Sentiment: Zacks reduced its forecasts for Q4 2026 EPS to $1.71 from $1.83, Q1 2027 to $1.85 from $1.91, Q1 2028 to $2.31 from $2.46, and FY2028 to $11.66 from $11.84. These cuts temper the longer-term outlook and could limit upside.

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.