19,018 Shares in Mohawk Industries, Inc. $MHK Bought by State of Wyoming

Key Points

• State of Wyoming acquired 19,018 Mohawk Industries shares in the second quarter, valued at approximately $2.3 million. Institutional investors collectively own 78.98% of the company.
• Mohawk insiders sold 119,882 shares worth about $15.0 million over the past 90 days, including significant sales by an insider and a director.
• The company reported quarterly EPS of $3.67, beating expectations of $2.58, while revenue rose 6.8% year over year to $2.99 billion. Analysts maintain a consensus “Hold” rating with a $130.50 target price.

State of Wyoming acquired a new position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,018 shares of the company's stock, valued at approximately $2,307,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wilsey Asset Management Inc. boosted its position in shares of Mohawk Industries by 3.6% during the 2nd quarter. Wilsey Asset Management Inc. now owns 313,981 shares of the company's stock worth $38,095,000 after purchasing an additional 10,877 shares in the last quarter. LifeGoal Investments LLC purchased a new position in shares of Mohawk Industries in the 2nd quarter valued at about $225,000. Elevation Wealth Partners LLC increased its holdings 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. GAMMA Investing LLC lifted its stake in shares of Mohawk Industries by 10.3% in the second quarter. GAMMA Investing LLC now owns 3,926 shares of the company's stock valued at $476,000 after purchasing an additional 366 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Mohawk Industries by 338.7% in the second quarter. Versant Capital Management Inc now owns 1,031 shares of the company's stock valued at $125,000 after purchasing an additional 796 shares during the period. Institutional investors and hedge funds own 78.98% of the company's stock.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 16,600 shares of the firm's stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the sale, the insider owned 14,132 shares in the company, valued at approximately $1,596,492.04. This trade represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bernard Thiers sold 13,393 shares of Mohawk Industries stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $134.98, for a total transaction of $1,807,787.14. Following the completion of the sale, the director directly owned 93,633 shares of the company's stock, valued at $12,638,582.34. The trade was a 12.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 119,882 shares of company stock valued at $14,992,118. Company insiders own 17.90% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Mohawk Industries from a "hold" rating to a "buy" rating in a research report on Sunday, June 21st. JPMorgan Chase & Co. decreased their price target on Mohawk Industries from $143.00 to $138.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 6th. Robert W. Baird upped their price target on Mohawk Industries from $112.00 to $132.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Weiss Ratings raised Mohawk Industries from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $121.00 price objective on shares of Mohawk Industries in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $130.50.

Mohawk Industries Stock Performance

NYSE MHK opened at $139.99 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. Mohawk Industries, Inc. has a fifty-two week low of $92.99 and a fifty-two week high of $143.13. The business has a fifty day moving average of $117.44 and a 200-day moving average of $112.44. The stock has a market cap of $9.48 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 2.07 and a beta of 1.18.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $2.79 billion. During the same quarter last year, the business posted $2.77 EPS. The firm's quarterly 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. As a group, analysts predict that Mohawk Industries, Inc. will post 9.69 earnings per share for the current fiscal year.

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.

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