PNC Financial Services Group Inc. Raises Stock Position in Mohawk Industries, Inc. $MHK

PNC Financial Services Group Inc. lifted its holdings in shares of Mohawk Industries, Inc. (NYSE:MHK) by 50.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,429 shares of the company’s stock after purchasing an additional 4,854 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Mohawk Industries were worth $1,860,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in Mohawk Industries by 14.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock worth $39,369,000 after buying an additional 42,655 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Mohawk Industries by 0.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock worth $22,148,000 after acquiring an additional 1,175 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Mohawk Industries in the first quarter valued at $149,000. Chicago Partners Investment Group LLC purchased a new position in Mohawk Industries in the second quarter valued at $196,000. Finally, Asset Management One Co. Ltd. grew its stake in Mohawk Industries by 12.4% during the 2nd quarter. Asset Management One Co. Ltd. now owns 1,717 shares of the company’s stock worth $180,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wall Street Zen lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Wednesday, January 28th. Robert W. Baird set a $156.00 price target on shares of Mohawk Industries in a research note on Tuesday, February 17th. Barclays set a $121.00 price target on shares of Mohawk Industries in a report on Monday, December 8th. Finally, Evercore set a $143.00 price objective on shares of Mohawk Industries in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $137.64.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 3,500 shares of Mohawk Industries stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $110.36, for a total value of $386,260.00. Following the transaction, the insider directly owned 70,593 shares in the company, valued at approximately $7,790,643.48. The trade was a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 11,985 shares of company stock valued at $1,330,156 in the last quarter. Insiders own 17.40% of the company’s stock.

Mohawk Industries Trading Down 0.9%

MHK opened at $127.02 on Monday. The company has a quick ratio of 1.21, a current ratio of 2.19 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $143.13. The business’s 50 day moving average is $119.60 and its two-hundred day moving average is $121.29. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 2.01 and a beta of 1.23.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, February 12th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.02. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.68 billion. Mohawk Industries had a return on equity of 6.80% and a net margin of 3.43%.The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.95 earnings per share. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. On average, research analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

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.