Fifth Third Bancorp Has $2.21 Million Stock Holdings in Mohawk Industries, Inc. $MHK

Fifth Third Bancorp raised its position in Mohawk Industries, Inc. (NYSE:MHK) by 789.0% during the first quarter, HoldingsChannel.com reports. The firm owned 22,394 shares of the company’s stock after buying an additional 19,875 shares during the quarter. Fifth Third Bancorp’s holdings in Mohawk Industries were worth $2,205,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MHK. Dimensional Fund Advisors LP increased its position in Mohawk Industries by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,138,557 shares of the company’s stock worth $343,045,000 after buying an additional 53,545 shares during the last quarter. State Street Corp lifted its position in Mohawk Industries by 2.1% during the 2nd quarter. State Street Corp now owns 1,915,831 shares of the company’s stock worth $200,856,000 after acquiring an additional 39,556 shares during the last quarter. AQR Capital Management LLC boosted its stake in Mohawk Industries by 15.9% during the 4th quarter. AQR Capital Management LLC now owns 1,829,347 shares of the company’s stock valued at $199,948,000 after purchasing an additional 251,012 shares during the period. Pzena Investment Management LLC grew its holdings in Mohawk Industries by 0.6% in the 4th quarter. Pzena Investment Management LLC now owns 1,186,400 shares of the company’s stock valued at $129,674,000 after buying an additional 7,332 shares during the last quarter. Finally, Brandes Investment Partners LP lifted its holdings in shares of Mohawk Industries by 20.4% during the fourth quarter. Brandes Investment Partners LP now owns 1,102,574 shares of the company’s stock worth $120,513,000 after buying an additional 186,649 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Bank of America restated a “neutral” rating and set a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. Truist Financial reduced their target price on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Zacks Research upgraded Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Finally, Weiss Ratings cut Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Mohawk Industries has a consensus rating of “Hold” and a consensus target price of $124.42.

Insiders Place Their Bets

In other Mohawk Industries news, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total value of $527,650.00. Following the transaction, the chief executive officer directly owned 25,000 shares in the company, valued at approximately $2,638,250. This trade represents a 16.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the insider directly owned 14,132 shares in the company, valued at approximately $1,596,492.04. The trade was a 54.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 40,186 shares of company stock worth $4,460,321. Insiders own 17.90% of the company’s stock.

Mohawk Industries Stock Up 0.1%

NYSE MHK opened at $108.06 on Wednesday. Mohawk Industries, Inc. has a 1-year low of $92.99 and a 1-year high of $143.13. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average is $108.62 and its two-hundred day moving average is $111.24. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 2.67 and a beta of 1.18.

Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share 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 for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Equities analysts forecast that Mohawk Industries, Inc. will post 8.71 earnings per share for the current fiscal 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.