VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 9,650 Shares of Mohawk Industries, Inc. $MHK

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 55.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,050 shares of the company’s stock after purchasing an additional 9,650 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Mohawk Industries were worth $2,957,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Mohawk Industries by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,085,012 shares of the company’s stock valued at $397,714,000 after acquiring an additional 37,487 shares during the last quarter. State Street Corp raised its stake in shares of Mohawk Industries by 2.1% during the second quarter. State Street Corp now owns 1,915,831 shares of the company’s stock valued at $200,856,000 after acquiring an additional 39,556 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Mohawk Industries by 0.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,829,830 shares of the company’s stock valued at $235,902,000 after acquiring an additional 9,516 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Mohawk Industries by 73.9% during the third quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock valued at $200,922,000 after acquiring an additional 670,601 shares during the last quarter. Finally, Pzena Investment Management LLC raised its stake in shares of Mohawk Industries by 0.3% during the third quarter. Pzena Investment Management LLC now owns 1,179,068 shares of the company’s stock valued at $152,005,000 after acquiring an additional 3,293 shares during the last quarter. 78.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MHK. Robert W. Baird lowered their price objective on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. UBS Group reaffirmed a “neutral” rating and set a $140.00 price objective on shares of Mohawk Industries in a research note on Monday, February 16th. Deutsche Bank Aktiengesellschaft set a $109.00 price objective on shares of Mohawk Industries in a research note on Tuesday, May 5th. Wells Fargo & Company lowered their price objective on shares of 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, 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 note on Tuesday, February 17th. One 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 MarketBeat.com, Mohawk Industries presently has an average rating of “Hold” and a consensus price target of $123.33.

Insider Activity

In related news, insider Suzanne L. Helen sold 5,658 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $105.19, for a total transaction of $595,165.02. Following the transaction, the insider owned 61,935 shares in the company, valued at $6,514,942.65. The trade was a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 12,000 shares of company stock worth $1,246,336 in the last 90 days. 17.90% of the stock is owned by insiders.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $98.94 on Friday. Mohawk Industries, Inc. has a 1 year low of $93.60 and a 1 year high of $143.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23. The company’s 50-day moving average is $102.96 and its 200 day moving average is $111.80. The stock has a market capitalization of $6.03 billion, a P/E ratio of 14.83, a P/E/G ratio of 2.40 and a beta of 1.20.

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

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.