Illinois Municipal Retirement Fund Sells 9,777 Shares of Mohawk Industries, Inc. $MHK

Illinois Municipal Retirement Fund lessened its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 74.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,290 shares of the company’s stock after selling 9,777 shares during the period. Illinois Municipal Retirement Fund’s holdings in Mohawk Industries were worth $424,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. AQR Capital Management LLC boosted its position in shares of Mohawk Industries by 123.1% in the 2nd quarter. AQR Capital Management LLC now owns 907,734 shares of the company’s stock worth $94,640,000 after purchasing an additional 500,934 shares during the last quarter. Norges Bank bought a new position in Mohawk Industries during the second quarter worth about $48,276,000. ARGA Investment Management LP grew its position in shares of Mohawk Industries by 1,508.1% during the 3rd quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock worth $63,008,000 after buying an additional 458,349 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Mohawk Industries by 28.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,820,314 shares of the company’s stock valued at $190,842,000 after acquiring an additional 398,349 shares during the last quarter. Finally, Rakuten Investment Management Inc. acquired a new stake in shares of Mohawk Industries in the 3rd quarter valued at approximately $38,161,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $110.36, for a total transaction of $386,260.00. Following the transaction, the insider directly owned 70,593 shares of the company’s stock, valued at approximately $7,790,643.48. The trade was a 4.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 11,985 shares of company stock worth $1,330,156. Insiders own 17.40% of the company’s stock.

Analyst Ratings Changes

MHK has been the subject of several recent analyst reports. Robert W. Baird set a $156.00 target price on shares of Mohawk Industries in a research note on Tuesday. Royal Bank Of Canada upped their price objective on shares of Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research report on Tuesday. UBS Group reaffirmed a “neutral” rating and set a $140.00 price objective on shares of Mohawk Industries in a research note on Monday. Jefferies Financial Group decreased their target price on Mohawk Industries from $134.00 to $128.00 and set a “hold” rating for the company in a research note on Monday, December 15th. Finally, Wolfe Research lowered Mohawk Industries from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $137.64.

Mohawk Industries Stock Performance

MHK opened at $127.02 on Friday. The firm has a market capitalization of $7.85 billion, a PE ratio of 21.46, a PEG ratio of 1.99 and a beta of 1.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.21 and a current ratio of 2.19. Mohawk Industries, Inc. has a 52-week low of $96.24 and a 52-week high of $143.13. The business’s 50-day simple moving average is $119.60 and its 200 day simple moving average is $121.28.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, February 12th. The company reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.02. Mohawk Industries had a net margin of 3.43% and a return on equity of 6.80%. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the previous year, the company earned $1.95 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. As a group, sell-side analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Mohawk Industries Company 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.