Ieq Capital LLC Acquires Shares of 176,992 Mohawk Industries, Inc. $MHK

Ieq Capital LLC bought a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 176,992 shares of the company’s stock, valued at approximately $21,474,000. Ieq Capital LLC owned about 0.26% of Mohawk Industries as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Mohawk Industries during the 2nd quarter valued at approximately $25,000. Elevation Wealth Partners LLC raised its position in shares of Mohawk Industries by 122.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock valued at $27,000 after purchasing an additional 121 shares in the last quarter. Bayforest Capital Ltd acquired a new position in shares of Mohawk Industries in the 4th quarter valued at approximately $27,000. Global Retirement Partners LLC boosted its stake in shares of Mohawk Industries by 950.0% during the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after buying an additional 228 shares during the last quarter. Finally, Basecamp Wealth Advisors LLC boosted its stake in shares of 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 buying an additional 251 shares during the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Trending Headlines about Mohawk Industries

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%

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 50 day moving average of $120.35 and a 200-day moving average of $112.96. The firm has a market capitalization of $9.24 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 1.97 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 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the previous year, the firm posted $2.77 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Analysts predict that Mohawk Industries, Inc. will post 9.69 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on MHK shares. Wells Fargo & Company upped their price target on shares of Mohawk Industries from $115.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Barclays raised their price objective on shares of Mohawk Industries from $109.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $121.00 target price on shares of Mohawk Industries in a research note on Tuesday, August 4th. Evercore set a $110.00 price target on Mohawk Industries in a research note on Monday, May 4th. Finally, Robert W. Baird upped their price objective on Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. One equities research 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 MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $130.50.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 16,600 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $112.97, for a total value of $1,875,302.00. Following the completion of the transaction, the insider directly owned 14,132 shares of the company’s stock, valued at $1,596,492.04. This represents a 54.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bernard Thiers sold 13,393 shares of Mohawk Industries stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $134.98, for a total value of $1,807,787.14. Following the sale, the director directly owned 93,633 shares in the company, valued at $12,638,582.34. The trade was a 12.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 120,882 shares of company stock worth $15,131,598. Company insiders own 17.90% of the company’s stock.

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.