BlackRock Inc. Buys New Position in Mohawk Industries, Inc. $MHK

Key Points

• BlackRock acquired 6.4 million Mohawk Industries shares in the second quarter, worth approximately $777.3 million, giving it a 9.46% stake. Institutional investors collectively own 78.98% of the company.
• Mohawk reported strong quarterly results, with EPS of $3.67 versus the $2.58 consensus estimate and revenue of $2.99 billion, up 6.8% year over year. The company issued third-quarter EPS guidance of $2.38–$2.48.
• Analyst sentiment remains cautious: Mohawk carries a consensus “Hold” rating and a $130.50 price target, while insiders sold 120,882 shares worth about $15.1 million over the past 90 days.

BlackRock Inc. purchased a new position in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,406,438 shares of the company's stock, valued at approximately $777,293,000. BlackRock Inc. owned about 9.46% of Mohawk Industries as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Mohawk Industries in the 2nd quarter valued at $25,000. 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 buying an additional 121 shares during the last quarter. Bayforest Capital Ltd acquired a new position in shares of Mohawk Industries during the 4th quarter worth about $27,000. Global Retirement Partners LLC grew its holdings 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 valued at $28,000 after acquiring an additional 228 shares in the last quarter. Finally, Basecamp Wealth Advisors LLC boosted its position in Mohawk Industries by 2,281.8% during the first 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. 78.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 16,600 shares of the business's stock in a transaction dated 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 owned 14,132 shares of the company's stock, valued at approximately $1,596,492.04. The trade was a 54.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Bernard Thiers sold 13,393 shares of the company's stock in a transaction dated 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 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 120,882 shares of company stock worth $15,131,598 in the last 90 days. Company insiders own 17.90% of the company's stock.

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 Price Performance

NYSE:MHK opened at $136.47 on Friday. The company has a market cap of $9.24 billion, a P/E ratio of 18.08, a P/E/G ratio of 2.01 and a beta of 1.18. The firm's fifty day moving average price is $120.35 and its two-hundred day moving average price is $112.96. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $143.13. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.58 by $1.09. The company 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%. Mohawk Industries's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Equities analysts expect that Mohawk Industries, Inc. will post 9.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MHK. Robert W. Baird boosted their price target on Mohawk Industries from $112.00 to $132.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Wall Street Zen raised Mohawk Industries from a "hold" rating to a "buy" rating in a report on Sunday, June 21st. Evercore set a $110.00 price target on shares of Mohawk Industries in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $121.00 price objective on shares of Mohawk Industries in a research report on Tuesday, August 4th. Finally, Weiss Ratings upgraded shares of Mohawk Industries from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.

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