Pallas Capital Advisors LLC Makes New $728,000 Investment in Mohawk Industries, Inc. $MHK

Pallas Capital Advisors LLC bought a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,003 shares of the company’s stock, valued at approximately $728,000.

Other large investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Mohawk Industries in the 2nd quarter worth approximately $25,000. Basecamp Wealth Advisors LLC increased its holdings in Mohawk Industries by 2,281.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock valued at $26,000 after buying an additional 251 shares during the period. Bayforest Capital Ltd bought a new position in Mohawk Industries in the fourth quarter worth approximately $27,000. Elevation Wealth Partners LLC lifted its holdings in Mohawk Industries by 122.2% during the second quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock worth $27,000 after buying an additional 121 shares during the period. Finally, Global Retirement Partners LLC increased its holdings in shares of Mohawk Industries by 950.0% in the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after acquiring an additional 228 shares during the period. Institutional investors own 78.98% of the company’s stock.

Analyst Ratings Changes

MHK has been the topic of a number of recent research reports. Wall Street Zen raised Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $121.00 price target on shares of Mohawk Industries in a report on Tuesday, August 4th. JPMorgan Chase & Co. reduced their price objective on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. Barclays increased their target price on shares of Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a research 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 note on Friday, June 19th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, Mohawk Industries has a consensus rating of “Hold” and an average target price of $130.50.

Mohawk Industries Stock Up 1.8%

Shares of MHK opened at $135.26 on Thursday. The stock’s 50-day moving average price is $119.30 and its 200-day moving average price is $112.69. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 1.96 and a beta of 1.18. Mohawk Industries, Inc. has a 52 week low of $92.99 and a 52 week high of $143.13.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, July 30th. The company reported $3.67 EPS for the quarter, topping the consensus estimate of $2.58 by $1.09. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.79 billion. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, sell-side analysts predict that Mohawk Industries, Inc. will post 9.69 EPS for the current year.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 16,600 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Bernard Thiers sold 13,393 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $134.98, for a total transaction of $1,807,787.14. Following the sale, the director owned 93,633 shares in the company, valued at approximately $12,638,582.34. This represents a 12.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 120,882 shares of company stock worth $15,131,598 in the last three months. Company 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.