Wilsey Asset Management Inc. Grows Position in Mohawk Industries, Inc. $MHK

Key Points

• Wilsey Asset Management increased its Mohawk Industries stake by 3.6% in the second quarter, acquiring 10,877 shares and bringing its total position to 313,981 shares worth approximately $38.1 million.
• Mohawk’s latest quarterly results beat expectations, with EPS of $3.67 versus $2.58 expected and revenue of $2.99 billion, up 6.8% year over year. Pricing, productivity and restructuring benefits supported performance despite weak housing-related demand.
• Analyst sentiment remains cautious: the consensus rating is Hold with an average price target of $130.50, while recent insider selling and continued residential flooring weakness weigh on the outlook.

Wilsey Asset Management Inc. increased its stake in Mohawk Industries, Inc. (NYSE:MHK - Free Report) by 3.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 313,981 shares of the company's stock after buying an additional 10,877 shares during the quarter. Mohawk Industries accounts for approximately 5.6% of Wilsey Asset Management Inc.'s portfolio, making the stock its 9th largest holding. Wilsey Asset Management Inc. owned 0.52% of Mohawk Industries worth $38,095,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Rexford Capital Inc. boosted its stake in Mohawk Industries by 10.1% in the fourth quarter. Rexford Capital Inc. now owns 1,087 shares of the company's stock valued at $119,000 after acquiring an additional 100 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Mohawk Industries by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company's stock worth $2,224,000 after purchasing an additional 100 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Mohawk Industries by 1.8% in 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 period. EverSource Wealth Advisors LLC lifted its stake in Mohawk Industries by 7.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company's stock valued at $171,000 after purchasing an additional 105 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Mohawk Industries by 20.7% in the fourth quarter. Signaturefd LLC now owns 671 shares of the company's stock valued at $73,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 78.98% of the company's stock.

Mohawk Industries Trading Down 2.3%

Shares of MHK opened at $132.62 on Friday. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $143.13. The stock has a market cap of $8.98 billion, a PE ratio of 17.57, a P/E/G ratio of 2.00 and a beta of 1.18. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. The business's 50-day moving average price is $113.60 and its 200-day moving average price is $111.74.

Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $3.67 EPS for the quarter, beating analysts' consensus estimates of $2.58 by $1.09. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.79 billion. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. Mohawk Industries's revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business earned $2.77 earnings per share. 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 9.69 EPS for the current fiscal year.

Trending Headlines about Mohawk Industries

Here are the key news stories impacting Mohawk Industries this week:

• Positive Sentiment: Truist raised its price target from $135 to $155 and reiterated its Buy rating. The move reflects confidence in Mohawk’s earnings recovery, productivity improvements and operating performance. Wells Fargo also raised its target from $115 to $125, although it retained an Equal Weight rating. Truist price target update
• Positive Sentiment: Mohawk’s latest quarterly results significantly exceeded expectations. EPS was $3.67 versus the $2.58 consensus estimate, while revenue rose 6.8% year over year to $2.99 billion, above the $2.79 billion forecast. Pricing, productivity and restructuring benefits are supporting margins despite weak housing-related demand. Mohawk earnings analysis
• Neutral Sentiment: Analysts remain divided on the recovery. Baird increased its target to $132 but kept a Neutral rating, while the broader analyst consensus remains Hold with an average target of $130.50. Investors are also watching whether margin gains can persist without temporary tariff-related benefits. Analyst and margin outlook
• Negative Sentiment: Several insiders sold shares in transactions disclosed this week. CEO Jeffrey S. Lorberbaum sold 59,078 shares for approximately $7.77 million, reducing his ownership substantially. Director Bernard Thiers sold 13,393 shares worth about $1.81 million, while insider Suzanne Helen sold 7,000 shares for $920,640 and CAO David Lee Repp sold 225 shares for $29,383. The sales may weigh on sentiment following the stock’s advance, although they do not necessarily indicate deteriorating fundamentals. SEC insider filings
• Negative Sentiment: Weak residential flooring demand and valuation are limiting enthusiasm. Many analysts continue to use neutral ratings, and the consensus target is below recent trading levels. The key risk is that housing-market weakness could offset Mohawk’s productivity and pricing gains.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MHK shares. Zacks Research raised Mohawk Industries from a "strong sell" rating to a "hold" rating in a research report on Friday, June 19th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $121.00 price target on shares of Mohawk Industries in a research report on Tuesday. Weiss Ratings upgraded Mohawk Industries from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. decreased their price objective on Mohawk Industries from $143.00 to $138.00 and set an "overweight" rating for the company in a report on Wednesday, May 6th. Finally, Barclays boosted their price objective on Mohawk Industries from $109.00 to $115.00 and gave the company an "equal weight" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $130.50.

Insider Activity

In related news, insider Suzanne L. Helen sold 16,600 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $112.97, for a total value of $1,875,302.00. Following the sale, the insider owned 14,132 shares in the company, valued at approximately $1,596,492.04. This trade represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Bernard Thiers sold 13,393 shares of Mohawk Industries stock in a transaction 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 sale, the director directly 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 disclosure for this sale is available in the SEC filing. Insiders sold 119,882 shares of company stock worth $14,992,118 in the last three months. Corporate insiders own 17.90% of the company's stock.

About Mohawk Industries

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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