17,214 Shares in Mohawk Industries, Inc. $MHK Acquired by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management acquired 17,214 Mohawk Industries shares valued at approximately $2.1 million, while several other institutions also initiated positions. Institutional investors and hedge funds collectively own 78.98% of MHK.
• Mohawk reported quarterly EPS of $3.67, beating estimates by $1.09, while revenue rose 6.8% year over year to $2.99 billion. Shares opened at $136.47, up 2.2%, near the company’s 52-week high.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and a $130.50 price target. Recent insider selling totaled 120,882 shares worth about $15.1 million, while earnings forecasts were mixed despite some upward revisions.

Landscape Capital Management L.L.C. acquired a new position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,214 shares of the company's stock, valued at approximately $2,089,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MHK. EP Wealth Advisors LLC purchased a new position in shares of Mohawk Industries during the 2nd quarter worth $274,000. Ieq Capital LLC purchased a new stake in shares of Mohawk Industries in the second quarter valued at about $21,474,000. Heartland Advisors Inc. purchased a new stake in shares of Mohawk Industries in the second quarter valued at about $15,298,000. Donald Smith & CO. Inc. acquired a new stake in Mohawk Industries during the second quarter worth about $42,157,000. Finally, Allworth Financial LP purchased a new position in Mohawk Industries during the second quarter worth about $598,000. 78.98% of the stock is owned by institutional investors and hedge funds.

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.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 1,000 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $139.48, for a total value of $139,480.00. Following the sale, the insider owned 6,132 shares of the company's stock, valued at $855,291.36. The trade was a 14.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bernard Thiers sold 13,393 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $134.98, for a total value of $1,807,787.14. Following the transaction, the director owned 93,633 shares in the company, valued at $12,638,582.34. This trade represents a 12.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 120,882 shares of company stock worth $15,131,598 over the last quarter. Company insiders own 17.90% of the company's stock.

Analyst Ratings Changes

MHK has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Mohawk Industries from $143.00 to $138.00 and set an "overweight" rating on the stock in a report on Wednesday, May 6th. Zacks Research upgraded shares of Mohawk Industries from a "strong sell" rating to a "hold" rating in a report on Friday, June 19th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $121.00 price target on shares of Mohawk Industries in a research report on Tuesday, August 4th. Weiss Ratings upgraded Mohawk Industries from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. Finally, Evercore set a $110.00 price objective on Mohawk Industries in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat, Mohawk Industries has an average rating of "Hold" and a consensus price target of $130.50.

Mohawk Industries Trading Up 2.2%

Shares of MHK stock opened at $136.47 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13. The firm has a market cap of $9.24 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 2.01 and a beta of 1.18. The company has a 50-day moving average of $120.35 and a two-hundred day moving average of $112.96. Mohawk Industries, Inc. has a 1-year low of $92.99 and a 1-year high of $143.13.

Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly 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. The business had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $2.79 billion. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The business's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the business earned $2.77 earnings per share. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, analysts predict that Mohawk Industries, Inc. will post 9.9 EPS for the current 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.

Want to see what other hedge funds are holding MHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mohawk Industries, Inc. (NYSE:MHK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source