Brandes Investment Partners 13F: Adds $184M to MHK Stake

Brandes Investment Partners made a notable move by increasing its stake in Mohawk Industries, Inc. (NYSE: MHK). According to its latest 13F filing with the SEC, the fund boosted its holdings by 137.48%, adding 1,515,848 shares. This brings its total to 2,618,422 shares, valued at approximately $281.85 million, as of the reporting period.

What Changed in Brandes Investment Partners' Mohawk Industries Position

Brandes Investment Partners significantly increased its position in Mohawk Industries. Previously, the fund held 1,102,574 shares, and it has now grown its stake to 2,618,422 shares. This change represents an addition of 1,515,848 shares, reflecting a 137.48% increase in their holdings.

Other Institutional Activity in Mohawk Industries

Other major funds also adjusted their positions in Mohawk Industries. BlackRock, Inc. added 151,202 shares to its portfolio, ending with 6,366,283 shares valued at $626.82 million. AQR Capital Management LLC made a substantial move by increasing its holdings by 2,467,700 shares, reaching a total of 4,297,047 shares worth $419.26 million. Dimensional Fund Advisors LP also raised its stake by 80,761 shares, now holding 3,219,318 shares valued at $316.96 million.

Mohawk Industries, Inc. Stock Down 3.8%

Shares of NYSE:MHK traded near $107.64 recently. Mohawk Industries has a market cap of $6.56 billion and trades with a P/E ratio of 16.11 and a forward P/E of 10.87. The stock's 52-week range has been between $92.99 and $143.13. It has a 50-day moving average of $103.18 and a 200-day moving average of $114.49. The company's current ratio is 2.16, with a quick ratio of 1.03 and a debt-to-equity ratio of 30.11.

Recent Earnings

Mohawk Industries reported revenue of $10.99 billion, showing a growth of 0.08%. The company posted a net margin of 3.77% and a return on equity of 5.10%. Earnings per share (EPS) were $6.68. The next earnings release is scheduled for July 30, 2026.

Insider Buying and Selling at Mohawk Industries, Inc.

Recent insider activity at Mohawk Industries included several sales. On June 9, 2026, Helen Suzanne sold 6,575 shares at an average price of $106.03. Earlier, on May 27, 2026, CEO Jeffrey Lorberbaum sold 5,000 shares at $105.53.

Analysts Set New Price Targets

Analysts have been active in setting new price targets for Mohawk Industries. On May 6, 2026, JP Morgan maintained a 'buy' rating with a price target of $138. Truist Securities also maintained a 'buy' rating with a target of $135 on May 5, 2026. The overall analyst consensus is a 'buy' with a mean price target of $120.47 based on 15 opinions.

About Mohawk Industries

Mohawk Industries, Inc., headquartered in Calhoun, Georgia, designs and manufactures flooring products for residential and commercial use. The company operates through segments like Global Ceramic and Flooring North America. Its products include ceramic tiles, carpets, and vinyl flooring, sold under various brand names such as Mohawk, Pergo, and Daltile. Mohawk Industries serves home centers, retailers, and commercial contractors across the United States and internationally.

Bottom Line

Brandes Investment Partners' substantial increase in Mohawk Industries shares signals confidence in the company's future. Investors often track such filings for insights into institutional sentiment. However, it's important to remember that 13F filings are backward-looking and may not reflect current positions.