Mohawk Industries, Inc. $MHK Holdings Raised by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc lifted its position in shares of Mohawk Industries, Inc. (NYSE:MHK) by 26.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,638 shares of the company’s stock after acquiring an additional 25,386 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Mohawk Industries were worth $12,068,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Mohawk Industries by 455.1% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 23,840 shares of the company’s stock worth $2,347,000 after purchasing an additional 19,545 shares during the period. Rockefeller Capital Management L.P. increased its stake in Mohawk Industries by 25.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 19,544 shares of the company’s stock valued at $2,136,000 after purchasing an additional 4,003 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Mohawk Industries by 112.1% during the fourth quarter. Corient Private Wealth LLC now owns 15,713 shares of the company’s stock worth $1,717,000 after purchasing an additional 8,305 shares during the period. SG Trading Solutions LLC acquired a new stake in shares of Mohawk Industries during the fourth quarter worth $216,000. Finally, Strive Financial Group LLC bought a new position in shares of Mohawk Industries in the 4th quarter worth about $98,000. 78.98% of the stock is currently owned by institutional investors.

Mohawk Industries Stock Performance

Shares of MHK opened at $112.70 on Friday. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13. The company has a market cap of $6.87 billion, a price-to-earnings ratio of 16.90, a price-to-earnings-growth ratio of 2.79 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. The firm has a fifty day moving average of $104.62 and a 200-day moving average of $110.73.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.80 by $0.10. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the prior year, the firm earned $1.52 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. As a group, equities analysts anticipate that Mohawk Industries, Inc. will post 8.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MHK. Evercore set a $110.00 price target on shares of Mohawk Industries in a report on Monday, May 4th. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday. Truist Financial cut their target price on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Robert W. Baird lowered their target price on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Finally, Weiss Ratings cut Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Mohawk Industries currently has an average rating of “Hold” and a consensus price target of $123.33.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $105.53, for a total value of $527,650.00. Following the completion of the transaction, the chief executive officer owned 25,000 shares in the company, valued at approximately $2,638,250. This represents a 16.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Suzanne L. Helen sold 16,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the completion of the sale, the insider owned 14,132 shares in the company, valued at $1,596,492.04. The trade was a 54.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,186 shares of company stock valued at $4,460,321 over the last three months. 17.90% of the stock is currently owned by company insiders.

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.