Public Employees Retirement System of Ohio Decreases Stock Holdings in Mohawk Industries, Inc. $MHK

Public Employees Retirement System of Ohio decreased its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,154 shares of the company’s stock after selling 236 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Mohawk Industries were worth $1,798,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Mohawk Industries by 13.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,915 shares of the company’s stock valued at $787,000 after purchasing an additional 831 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Mohawk Industries by 78.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 3,574 shares of the company’s stock valued at $408,000 after acquiring an additional 1,566 shares during the period. JPMorgan Chase & Co. grew its holdings in Mohawk Industries by 12.8% during the 1st quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company’s stock valued at $414,017,000 after buying an additional 410,388 shares in the last quarter. Truist Financial Corp grew its holdings in Mohawk Industries by 7.9% during the 1st quarter. Truist Financial Corp now owns 403,936 shares of the company’s stock valued at $46,121,000 after buying an additional 29,480 shares in the last quarter. Finally, QSM Asset Management Ltd boosted its position in shares of Mohawk Industries by 25.0% during the 1st quarter. QSM Asset Management Ltd now owns 63,566 shares of the company’s stock valued at $7,160,000 after acquiring an additional 12,700 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, CEO Jeffrey S. Lorberbaum sold 16,000 shares of Mohawk Industries stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $120.81, for a total value of $1,932,960.00. Following the transaction, the chief executive officer owned 33,600 shares in the company, valued at $4,059,216. The trade was a 32.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bernard Thiers sold 10,000 shares of Mohawk Industries stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $128.21, for a total value of $1,282,100.00. Following the completion of the transaction, the director owned 105,532 shares in the company, valued at $13,530,257.72. This trade represents a 8.66% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,791 shares of company stock worth $4,357,225. Corporate insiders own 17.40% of the company’s stock.

Mohawk Industries Stock Performance

Shares of Mohawk Industries stock opened at $129.14 on Friday. The firm has a market cap of $8.02 billion, a P/E ratio of 17.17, a P/E/G ratio of 2.81 and a beta of 1.29. The company has a current ratio of 2.13, a quick ratio of 1.18 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $164.29. The stock’s fifty day moving average price is $128.65 and its 200-day moving average price is $114.28.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, July 24th. The company reported $2.77 EPS for the quarter, beating the consensus estimate of $2.62 by $0.15. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.76 billion. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm posted $3.00 earnings per share. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. On average, equities research analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MHK has been the subject of a number of research reports. Wells Fargo & Company increased their target price on Mohawk Industries from $120.00 to $140.00 and gave the company an “equal weight” rating in a research report on Thursday, September 11th. Robert W. Baird raised their price target on Mohawk Industries from $130.00 to $142.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Barclays raised their price target on Mohawk Industries from $111.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Weiss Ratings restated a “hold (c)” rating on shares of Mohawk Industries in a research report on Saturday, September 27th. Finally, Evercore ISI lowered their price target on Mohawk Industries from $124.00 to $123.00 and set an “in-line” rating for the company in a research report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $141.93.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.