Mohawk Industries, Inc. $MHK Stake Reduced by California State Teachers Retirement System

Key Points

• Institutional ownership remains high: California State Teachers Retirement System reduced its Mohawk Industries stake by 2.8%, while several major investors—including BlackRock and Pzena Investment Management—initiated or expanded positions. Institutions collectively own 78.98% of the stock.
• Insiders sold substantial shares: CEO Jeffrey Lorberbaum sold 53,314 shares, while insiders sold 102,296 shares worth $13.1 million over the past 90 days. Company insiders retain a 17.90% ownership stake.
• Quarterly results exceeded expectations: Mohawk reported adjusted earnings of $3.67 per share versus the $2.58 consensus estimate, with revenue rising 6.8% year over year to $2.99 billion. Analysts maintain a consensus “Hold” rating with a $130.50 price target.

California State Teachers Retirement System cut its position in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,474 shares of the company's stock after selling 1,730 shares during the quarter. California State Teachers Retirement System owned approximately 0.09% of Mohawk Industries worth $7,215,980 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Mohawk Industries during the 2nd quarter worth approximately $777,293,000. Dimensional Fund Advisors LP grew its position in Mohawk Industries by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,219,318 shares of the company's stock worth $316,962,000 after acquiring an additional 80,761 shares during the last quarter. Pzena Investment Management LLC purchased a new stake in shares of Mohawk Industries in the 2nd quarter worth about $138,661,000. Brandes Investment Partners LP increased its position in Mohawk Industries by 20.4% during the fourth quarter. Brandes Investment Partners LP now owns 1,102,574 shares of the company's stock valued at $120,513,000 after acquiring an additional 186,649 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Mohawk Industries in the 2nd quarter worth approximately $80,880,000. 78.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 1,000 shares of Mohawk Industries stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $139.48, for a total transaction of $139,480.00. Following the completion of the sale, the insider directly owned 6,132 shares in the company, valued at $855,291.36. The trade was a 14.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey Lorberbaum sold 53,314 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $131.57, for a total value of $7,014,522.98. Following the completion of the transaction, the chief executive officer directly owned 10,000 shares in the company, valued at $1,315,700. The trade was a 84.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 102,296 shares of company stock valued at $13,106,180 in the last ninety days. Company insiders own 17.90% of the company's stock.

Mohawk Industries Stock Up 0.2%

Shares of NYSE:MHK traded up $0.24 during trading hours on Tuesday, hitting $129.66. The company's stock had a trading volume of 336,984 shares, compared to its average volume of 903,690. The firm's fifty day moving average price is $124.97 and its 200 day moving average price is $112.86. Mohawk Industries, Inc. has a 52 week low of $92.99 and a 52 week high of $140.30. 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 company has a market capitalization of $8.78 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 1.83 and a beta of 1.18.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the company posted $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. As a group, research analysts expect that Mohawk Industries, Inc. will post 9.9 EPS for the current year.

Wall Street Analyst Weigh In

MHK has been the topic of a number of research reports. Robert W. Baird raised their price objective on Mohawk Industries from $112.00 to $132.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Zacks Research upgraded Mohawk Industries from a "strong sell" rating to a "hold" rating in a report on Friday, June 19th. 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 report on Monday, August 3rd. Royal Bank Of Canada boosted their price objective on shares of Mohawk Industries from $117.00 to $130.00 and gave the company a "sector perform" rating in a research report on Monday, August 3rd. Finally, Wall Street Zen raised shares of Mohawk Industries from a "hold" rating to a "buy" rating in a report on Sunday, June 21st. One 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. Based on data from MarketBeat.com, Mohawk Industries presently has an average rating of "Hold" and a consensus target price of $130.50.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a global manufacturer and distributor of flooring products. The company serves residential and commercial customers through a broad portfolio that includes carpet, rugs, ceramic and porcelain tile, laminate, hardwood, luxury vinyl tile and other resilient flooring products.

Mohawk markets its products under brands that include Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean, IVC and Durkan. Its products are sold through home improvement retailers, independent flooring dealers, distributors, builders, commercial contractors and other channels.

The company was formed in 1988 through the merger of Mohasco Corporation and Aladdin Mills and is headquartered in Calhoun, Georgia.

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