Legal & General Group Plc Buys Shares of 110,518 Mohawk Industries, Inc. $MHK

Legal & General Group Plc acquired a new position in Mohawk Industries, Inc. (NYSE:MHK) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 110,518 shares of the company’s stock, valued at approximately $13,409,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MHK. Rexford Capital Inc. lifted its holdings in shares of Mohawk Industries by 10.1% in the fourth quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock valued at $119,000 after buying an additional 100 shares during the period. Public Employees Retirement System of Ohio lifted its stake in Mohawk Industries by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock valued at $2,224,000 after purchasing an additional 100 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Mohawk Industries by 1.8% during the first quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock worth $560,000 after buying an additional 101 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Mohawk Industries by 7.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock worth $171,000 after buying an additional 105 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its holdings in shares of Mohawk Industries by 122.2% in the second quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock valued at $27,000 after buying an additional 121 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors.

Mohawk Industries Stock Up 0.3%

Shares of Mohawk Industries stock opened at $130.29 on Monday. The stock has a 50-day moving average price of $122.45 and a 200 day moving average price of $112.99. The company has a market cap of $8.83 billion, a P/E ratio of 17.26, a P/E/G ratio of 1.88 and a beta of 1.18. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, beating 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 business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. As a group, analysts expect that Mohawk Industries, Inc. will post 9.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MHK has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $121.00 price objective on shares of Mohawk Industries in a research note on Tuesday, August 4th. Wall Street Zen raised Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Truist Financial upped their price objective on shares of Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Royal Bank Of Canada raised their target price on shares of Mohawk Industries from $117.00 to $130.00 and gave the stock a “sector perform” rating in a report on Monday, August 3rd. Finally, Zacks Research upgraded shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $130.50.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, Director Bernard Thiers sold 13,393 shares of the stock in a transaction that occurred 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 in the company, valued at $12,638,582.34. This represents a 12.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 53,314 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $131.57, for a total transaction of $7,014,522.98. Following the completion of the transaction, the chief executive officer directly owned 10,000 shares in the company, valued at $1,315,700. This trade represents a 84.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 115,882 shares of company stock valued at $14,603,948. Corporate insiders own 17.90% of the company’s stock.

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.