Cresset Asset Management LLC Purchases Shares of 10,881 Mohawk Industries, Inc. $MHK

Cresset Asset Management LLC acquired a new position in shares of Mohawk Industries, Inc. (NYSE:MHK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,881 shares of the company’s stock, valued at approximately $1,403,000.

Other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in Mohawk Industries by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock valued at $39,369,000 after acquiring an additional 42,655 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Mohawk Industries by 0.6% in the 1st 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 bought a new stake in shares of Mohawk Industries in the 1st quarter worth approximately $149,000. Penserra Capital Management LLC grew its holdings in shares of Mohawk Industries by 10.8% during the 2nd quarter. Penserra Capital Management LLC now owns 2,483 shares of the company’s stock worth $260,000 after purchasing an additional 242 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Mohawk Industries during the second quarter valued at approximately $780,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

MHK has been the subject of a number of recent research reports. Wolfe Research lowered Mohawk Industries from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Wall Street Zen lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Robert W. Baird set a $156.00 price objective on shares of Mohawk Industries in a research note on Tuesday, February 17th. Barclays set a $121.00 price objective on shares of Mohawk Industries in a report on Monday, December 8th. Finally, Truist Financial lifted their target price on shares of Mohawk Industries from $148.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $137.64.

Mohawk Industries Stock Performance

Mohawk Industries stock opened at $107.55 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.19 and a quick ratio of 1.21. The stock has a fifty day moving average price of $121.48 and a two-hundred day moving average price of $120.82. Mohawk Industries, Inc. has a 52-week low of $96.24 and a 52-week high of $143.13. The firm has a market capitalization of $6.61 billion, a P/E ratio of 18.17, a P/E/G ratio of 1.71 and a beta of 1.19.

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

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 3,500 shares of the business’s stock in a transaction dated 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 $7,790,643.48. The trade was a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders have sold 10,650 shares of company stock worth $1,178,383. Company insiders own 17.40% of the company’s stock.

Mohawk Industries News Summary

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

• Neutral Sentiment: MarketWatch flagged that MHK underperformed peers on Thursday, signaling relative weakness vs. competitors — useful context for sector- and stock-specific flows. Mohawk Industries Inc. stock underperforms Thursday when compared to competitors
• Neutral Sentiment: InsiderMonkey republished an item tied to institutional commentary (Ariel Fund letter) that mentioned Mohawk; does not by itself imply a material change in outlook but contributes to the narrative coverage. Mohawk Industries (MHK) Falls as Housing Market Weakness Pressures Demand
• Negative Sentiment: Major news coverage (Yahoo Finance) points to softening housing-market demand as the proximate reason investors are selling MHK — weaker end-market demand pressures near-term revenue and margin visibility for flooring and building-products companies. Mohawk Industries (MHK) Falls as Housing Market Weakness Pressures Demand
• Negative Sentiment: Analysts at Zacks cut multiple quarterly and full‑year EPS forecasts (Q1–Q4 2026, Q1–Q3 2027 and FY2026–FY2027), trimming expectations for near-term earnings growth — this lowers sell‑side targets and can amplify downside pressure until demand evidence stabilizes. (Source: Zacks/MarketBeat coverage)

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.