MOHAWK INDUSTRIES INC
No SEC Form 4 filings for $MHK in the last 30 days.
Mohawk Industries said shareholders approved a new 2026 Incentive Plan at the company’s annual meeting on May 21. The plan, per the company’s filing, authorizes up to 3.5 million shares for equity and cash-based awards for employees, officers, directors, and consultants. It became effective immediately and runs through May 21, 2036, unless terminated earlier.
Thrivent Financial for Lutherans significantly increased its holdings in Mohawk Industries, Inc. (NYSE:MHK) by 275.6% during the fourth quarter, now owning 61,477 shares valued at approximately $6.72 million. Other institutional investors also adjusted their positions in the company, which reported strong Q1 earnings beating analyst estimates. Despite mixed analyst ratings, Mohawk Industries is projected to post 8.78 EPS for the current year.
Mohawk Industries (MHK) stock reached a new 52-week low of $93.14 amidst a year-to-date decline of 11.4%. Despite analysts revising earnings downwards for the upcoming period, the company remains profitable, and InvestingPro analysis suggests the stock is undervalued. This follows a strong Q1 2026 earnings report where EPS exceeded expectations, though revenue slightly missed projections, and Truist Securities adjusted its price target downwards due to lower Q2 guidance.
