Thrivent Financial for Lutherans Acquires 45,109 Shares of Mohawk Industries, Inc. $MHK

Thrivent Financial for Lutherans grew its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 275.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,477 shares of the company’s stock after acquiring an additional 45,109 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Mohawk Industries were worth $6,719,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in shares of Mohawk Industries in the third quarter valued at approximately $25,000. Bayforest Capital Ltd bought a new stake in shares of Mohawk Industries in the fourth quarter valued at approximately $27,000. Salomon & Ludwin LLC acquired a new position in shares of Mohawk Industries in the fourth quarter valued at $43,000. Danske Bank A S acquired a new position in shares of Mohawk Industries in the third quarter valued at $52,000. Finally, Advisory Services Network LLC acquired a new position in shares of Mohawk Industries in the third quarter valued at $64,000. 78.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MHK has been the subject of a number of recent research reports. Robert W. Baird cut their target price on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Truist Financial cut their target price on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Wells Fargo & Company cut their target price 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. Finally, Zacks Research lowered Mohawk Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Mohawk Industries has an average rating of “Hold” and a consensus target price of $123.33.

Insider Activity

In other Mohawk Industries news, insider Suzanne L. Helen sold 5,658 shares of Mohawk Industries stock in a transaction on Monday, March 9th. The stock was sold at an average price of $105.19, for a total transaction of $595,165.02. Following the completion of the transaction, the insider directly owned 61,935 shares of the company’s stock, valued at approximately $6,514,942.65. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 12,000 shares of company stock worth $1,246,336 over the last three months. 17.90% of the stock is currently owned by company insiders.

Mohawk Industries Stock Up 6.3%

Shares of NYSE MHK opened at $100.27 on Thursday. The stock has a market cap of $6.11 billion, a PE ratio of 15.03, a PEG ratio of 2.31 and a beta of 1.20. The business has a fifty day moving average of $101.92 and a two-hundred day moving average of $111.22. Mohawk Industries, Inc. has a 52-week low of $92.99 and a 52-week high of $143.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The business’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the business earned $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. As a group, equities research analysts expect that Mohawk Industries, Inc. will post 8.78 earnings per share for the current fiscal year.

Mohawk Industries 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.