Heartland Advisors Inc. Acquires Shares of 126,088 Mohawk Industries, Inc. $MHK

Heartland Advisors Inc. acquired a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 126,088 shares of the company’s stock, valued at approximately $15,298,000. Heartland Advisors Inc. owned about 0.19% of Mohawk Industries at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Mohawk Industries during the 2nd quarter valued at about $25,000. Basecamp Wealth Advisors LLC raised its position in Mohawk Industries by 2,281.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock valued at $26,000 after purchasing an additional 251 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in Mohawk Industries in the 4th quarter worth approximately $27,000. Elevation Wealth Partners LLC lifted its holdings in Mohawk Industries by 122.2% in the 2nd 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 grew its position 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 worth $28,000 after buying an additional 228 shares during the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Mohawk Industries News Roundup

Here are the key news stories impacting Mohawk Industries this week:

• Positive Sentiment: Zacks raised its EPS forecast for Q3 2026 to $2.53 from $2.47, Q2 2027 to $2.99 from $2.77, Q3 2027 to $2.79 from $2.78, and FY2027 to $9.85 from $9.70. These upward revisions suggest some improvement in analysts’ expectations for Mohawk’s medium-term earnings.
• Positive Sentiment: A Zacks analysis characterized Why Mohawk Industries Is a Top Value Stock for the Long-Term Mohawk as a potential long-term value stock, which may support investor interest following the company’s strong recent earnings performance.
• Neutral Sentiment: The estimate changes were mixed overall. Zacks lifted Q2 2028 EPS to $3.34 from $3.20, but maintained a “Hold” rating, indicating that the research firm sees limited near-term conviction despite some earnings upgrades.
• Negative Sentiment: Zacks reduced its forecasts for Q4 2026 EPS to $1.71 from $1.83, Q1 2027 to $1.85 from $1.91, Q1 2028 to $2.31 from $2.46, and FY2028 to $11.66 from $11.84. These cuts temper the longer-term outlook and could limit upside.

Mohawk Industries Stock Up 2.2%

Shares of NYSE:MHK opened at $136.47 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $120.35 and a two-hundred day simple moving average of $112.96. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13. The stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.97 and a beta of 1.18.

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

Insider Activity

In other 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 transaction of $1,807,787.14. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 5,764 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $131.76, for a total transaction of $759,464.64. Following the sale, the chief executive officer owned 79,625 shares in the company, valued at approximately $10,491,390. The trade was a 6.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 120,882 shares of company stock valued at $15,131,598 in the last quarter. 17.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Truist Financial upped their target price on Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Evercore set a $110.00 price target on shares of Mohawk Industries in a report on Monday, May 4th. JPMorgan Chase & Co. reduced their price objective on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Royal Bank Of Canada upped their price objective 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, Wells Fargo & Company raised their target price on shares of Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $130.50.

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.