Man Group plc Makes New Investment in Mohawk Industries, Inc. $MHK

Man Group plc purchased a new stake in Mohawk Industries, Inc. (NYSE:MHK) in the second quarter, HoldingsChannel reports. The institutional investor purchased 4,508 shares of the company’s stock, valued at approximately $547,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of MHK. Rexford Capital Inc. increased its stake in shares of Mohawk Industries by 10.1% during the 4th quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock worth $119,000 after purchasing an additional 100 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Mohawk Industries by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock worth $2,224,000 after buying an additional 100 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Mohawk Industries by 1.8% in the first quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock valued at $560,000 after buying an additional 101 shares during the period. EverSource Wealth Advisors LLC raised its stake in Mohawk Industries by 7.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock valued at $171,000 after buying an additional 105 shares during the period. Finally, Elevation Wealth Partners LLC boosted its stake in shares of Mohawk Industries by 122.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock worth $27,000 after acquiring an additional 121 shares during the period. Institutional investors own 78.98% of the company’s stock.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, Director Bernard Thiers sold 13,393 shares of the business’s 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 completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Suzanne L. Helen sold 16,600 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total value of $1,875,302.00. Following the completion of the sale, the insider directly owned 14,132 shares in the company, valued at approximately $1,596,492.04. This represents a 54.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 113,038 shares of company stock valued at $14,303,491 over the last three months. 17.90% of the stock is owned by insiders.

Mohawk Industries Stock Performance

Shares of NYSE:MHK opened at $131.57 on Friday. The company’s 50 day moving average price is $123.56 and its two-hundred day moving average price is $112.82. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13. 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 firm has a market cap of $8.91 billion, a PE ratio of 17.43, a PEG ratio of 1.87 and a beta of 1.18.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share 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 firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the prior year, the company posted $2.77 EPS. The company’s revenue 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. Equities research analysts predict that Mohawk Industries, Inc. will post 9.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MHK. Royal Bank Of Canada raised their price target on Mohawk Industries from $117.00 to $130.00 and gave the company a “sector perform” rating in a report on Monday, August 3rd. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Weiss Ratings raised shares of Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $121.00 price objective on shares of Mohawk Industries in a report on Tuesday, August 4th. Finally, Truist Financial lifted their price target on Mohawk Industries from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $130.50.

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.