Tidal Investments LLC Acquires 9,558 Shares of Mohawk Industries, Inc. $MHK

Key Points

• Tidal Investments increased its Mohawk Industries stake by 18.3% in the second quarter, purchasing 9,558 additional shares to hold 61,723 shares worth approximately $7.5 million.
• Mohawk reported strong quarterly results, with EPS of $3.67 versus the $2.58 consensus 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 mixed: Truist raised its price target to $155 and rated the stock a buy, but the broader consensus is “Hold” with an average target of $130.50. Insiders have sold 110,686 shares worth about $14 million over the past 90 days.

Tidal Investments LLC increased its holdings in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 18.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,723 shares of the company's stock after buying an additional 9,558 shares during the period. Tidal Investments LLC owned 0.09% of Mohawk Industries worth $7,489,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in MHK. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Mohawk Industries during the 2nd quarter worth $25,000. Elevation Wealth Partners LLC lifted its position 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 valued at $27,000 after acquiring an additional 121 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Mohawk Industries by 950.0% during the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company's stock worth $28,000 after purchasing an additional 228 shares in the last quarter. Basecamp Wealth Advisors LLC grew its holdings in shares of Mohawk Industries by 2,281.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company's stock worth $26,000 after purchasing an additional 251 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its position in shares of Mohawk Industries by 216.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company's stock worth $30,000 after purchasing an additional 188 shares during the period. 78.98% of the stock is currently owned by institutional investors.

Mohawk Industries Price Performance

Mohawk Industries stock opened at $126.84 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 52 week low of $92.99 and a 52 week high of $140.30. The stock has a market capitalization of $8.59 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 1.83 and a beta of 1.18. The stock has a fifty day moving average of $124.70 and a 200-day moving average of $112.91.

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, beating the consensus estimate of $2.58 by $1.09. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.79 billion. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.Mohawk Industries's revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $2.77 earnings per share. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, sell-side analysts expect that Mohawk Industries, Inc. will post 9.9 earnings per share for the current fiscal year.

Insider Activity at Mohawk Industries

In related news, Director Bernard Thiers sold 13,393 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $134.98, for a total value of $1,807,787.14. Following the completion of the transaction, the director owned 93,633 shares of the company's stock, valued at $12,638,582.34. This represents a 12.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO David Repp sold 225 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $130.59, for a total transaction of $29,382.75. Following the completion of the sale, the chief accounting officer owned 1,786 shares in the company, valued at $233,233.74. This represents a 11.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 110,686 shares of company stock valued at $14,048,438. Company insiders own 17.90% of the company's stock.

Wall Street Analyst Weigh In

MHK has been the subject of several recent analyst reports. Truist Financial upped their price objective 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. Wall Street Zen upgraded shares of Mohawk Industries from a "hold" rating to a "buy" rating in a research note on Sunday, June 21st. Weiss Ratings raised shares of Mohawk Industries from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. Robert W. Baird boosted their target price on shares of Mohawk Industries from $112.00 to $132.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Finally, Wells Fargo & Company upped their price target on shares of Mohawk Industries from $115.00 to $125.00 and gave the stock an "equal weight" rating in a report on Monday, August 3rd. One 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. According to data from MarketBeat.com, Mohawk Industries has a consensus rating of "Hold" and an average price target of $130.50.

Mohawk Industries 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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