Caisse de depot et placement du Quebec Acquires Shares of 11,500 Mohawk Industries, Inc. $MHK

Key Points

• Caisse de dépôt et placement du Québec acquired 11,500 Mohawk Industries shares worth approximately $1.395 million in the second quarter. Institutional investors collectively own 78.98% of MHK.
• Mohawk reported quarterly earnings of $3.67 per share, beating estimates of $2.58, while revenue rose 6.8% year over year to $2.99 billion. The company issued third-quarter 2026 EPS guidance of $2.38–$2.48.
• Analysts remain broadly neutral, with an average “Hold” rating and a consensus price target of $130.50; however, Truist raised its target to $155 and assigned a “Buy” rating. Company insiders sold 115,882 shares worth about $14.6 million during the latest quarter.

Caisse de depot et placement du Quebec acquired a new stake in shares of Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,500 shares of the company's stock, valued at approximately $1,395,000.

Other institutional investors also recently modified their holdings of the company. UBS Group AG lifted its holdings in Mohawk Industries by 6.1% in the 4th quarter. UBS Group AG now owns 227,068 shares of the company's stock worth $24,819,000 after buying an additional 13,090 shares during the period. Tejara Capital Ltd purchased a new position in shares of Mohawk Industries during the fourth quarter valued at approximately $2,514,000. Olstein Capital Management L.P. increased its stake in shares of Mohawk Industries by 23.9% during the fourth quarter. Olstein Capital Management L.P. now owns 68,750 shares of the company's stock valued at $7,514,000 after buying an additional 13,250 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Mohawk Industries by 11.5% during the fourth quarter. BNP Paribas Financial Markets now owns 132,723 shares of the company's stock valued at $14,507,000 after acquiring an additional 13,663 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Mohawk Industries by 275.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 61,477 shares of the company's stock valued at $6,719,000 after acquiring an additional 45,109 shares in the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Mohawk Industries Trading Up 0.3%

MHK opened at $130.29 on Monday. 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 52 week low of $92.99 and a 52 week high of $143.13. The stock has a market cap of $8.83 billion, a PE ratio of 17.26, a PEG ratio of 1.88 and a beta of 1.18. The business has a 50 day moving average of $122.45 and a 200-day moving average of $112.99.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, topping the consensus estimate of $2.58 by $1.09. The company had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $2.79 billion. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The firm's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.77 earnings per share. 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 fiscal year.

Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 1,000 shares of Mohawk Industries stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $139.48, for a total transaction of $139,480.00. Following the completion of the transaction, the insider directly owned 6,132 shares of the company's stock, valued at $855,291.36. This trade represents a 14.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 5,764 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $131.76, for a total transaction of $759,464.64. Following the sale, the chief executive officer directly owned 79,625 shares in the company, valued at $10,491,390. The trade was a 6.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 115,882 shares of company stock worth $14,603,948. Corporate insiders own 17.90% of the company's stock.

Analyst Upgrades and Downgrades

MHK has been the topic of several recent analyst reports. Wells Fargo & Company lifted 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. Robert W. Baird upped their price objective on shares of Mohawk Industries from $112.00 to $132.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Royal Bank Of Canada upped their price objective on shares of Mohawk Industries from $117.00 to $130.00 and gave the stock a "sector perform" rating in a report on Monday, August 3rd. Truist Financial raised their target price on shares of Mohawk Industries from $135.00 to $155.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Finally, Barclays lifted their target price on shares of Mohawk Industries from $109.00 to $115.00 and gave the company an "equal weight" rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock 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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