Corient Private Wealth LP Makes New $11.34 Million Investment in Mohawk Industries, Inc. $MHK

Key Points

• Corient Private Wealth acquired 93,494 Mohawk Industries shares worth approximately $11.34 million, giving it a 0.14% stake. Institutional investors and hedge funds collectively own 78.98% of the company.
• 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 guided for third-quarter EPS of $2.38–$2.48.
• Analysts maintain a consensus “Hold” rating with an average price target of $130.50, while insiders sold roughly $14.6 million of stock during the last quarter.

Corient Private Wealth LP acquired a new stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 93,494 shares of the company's stock, valued at approximately $11,344,000. Corient Private Wealth LP owned about 0.14% of Mohawk Industries at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Rexford Capital Inc. lifted its stake in shares of Mohawk Industries by 10.1% in the fourth quarter. Rexford Capital Inc. now owns 1,087 shares of the company's stock worth $119,000 after acquiring an additional 100 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Mohawk Industries by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company's stock valued at $2,224,000 after purchasing an additional 100 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Mohawk Industries by 1.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company's stock worth $560,000 after purchasing an additional 101 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Mohawk Industries by 7.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company's stock worth $171,000 after purchasing an additional 105 shares during the last quarter. Finally, Elevation Wealth Partners LLC raised its position 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. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Trading Up 0.4%

NYSE MHK opened at $130.29 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.92. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $143.13. The company has a 50-day simple moving average of $122.45 and a 200-day simple moving average of $113.12. The firm has a market capitalization of $8.83 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 1.88 and a beta of 1.18.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on MHK. Evercore set a $110.00 price target on shares of Mohawk Industries in a research report on Monday, May 4th. Weiss Ratings raised shares of Mohawk Industries from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. Zacks Research upgraded shares of Mohawk Industries from a "strong sell" rating to a "hold" rating in a research note on Friday, June 19th. Royal Bank Of Canada raised 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. Finally, Wall Street Zen raised shares of Mohawk Industries from a "hold" rating to a "buy" rating in a research report on Sunday, June 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $130.50.

Insider Buying and Selling

In related news, CAO David Lee Repp sold 225 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $130.59, for a total transaction of $29,382.75. Following the completion of the transaction, the chief accounting officer directly owned 1,786 shares in the company, valued at $233,233.74. This represents a 11.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bernard Thiers sold 13,393 shares of the 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 completion of the sale, the director directly owned 93,633 shares in the company, valued at $12,638,582.34. This represents a 12.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 115,882 shares of company stock valued at $14,603,948 over the last quarter. Company insiders own 17.90% of the company's stock.

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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