CenterBook Partners LP Lowers Position in Mohawk Industries, Inc. $MHK

CenterBook Partners LP decreased its stake in Mohawk Industries, Inc. (NYSE:MHK) by 69.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,898 shares of the company’s stock after selling 26,554 shares during the period. CenterBook Partners LP’s holdings in Mohawk Industries were worth $1,534,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC raised its stake in Mohawk Industries by 123.1% during the 2nd quarter. AQR Capital Management LLC now owns 907,734 shares of the company’s stock worth $94,640,000 after acquiring an additional 500,934 shares during the period. Norges Bank bought a new stake in shares of Mohawk Industries during the 2nd quarter valued at $48,276,000. ARGA Investment Management LP lifted its stake in shares of Mohawk Industries by 1,508.1% during the 3rd quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock valued at $63,008,000 after buying an additional 458,349 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Mohawk Industries by 28.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,820,314 shares of the company’s stock worth $190,842,000 after buying an additional 398,349 shares during the period. Finally, Rakuten Investment Management Inc. purchased a new stake in Mohawk Industries in the 3rd quarter worth $38,161,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on MHK shares. Wolfe Research cut Mohawk Industries from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Wall Street Zen downgraded Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Truist Financial upped their price target on Mohawk Industries from $148.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays set a $121.00 price objective on shares of Mohawk Industries in a report on Monday, December 8th. Finally, UBS Group reissued a “neutral” rating and issued a $140.00 target price on shares of Mohawk Industries in a report on Monday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $137.64.

Mohawk Industries Trading Down 2.1%

MHK stock opened at $128.26 on Friday. The firm has a fifty day moving average price of $119.31 and a 200 day moving average price of $121.23. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $143.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.21 and a current ratio of 2.19. The firm has a market cap of $7.93 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results 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 net margin of 3.43% and a return on equity of 6.80%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the prior year, the firm earned $1.95 earnings per share. Mohawk Industries’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. Sell-side analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Insider Activity

In other Mohawk Industries news, insider Suzanne L. Helen sold 2,700 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $109.00, for a total transaction of $294,300.00. Following the sale, the insider directly owned 67,893 shares of the company’s stock, valued at $7,400,337. The trade was a 3.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 11,985 shares of company stock worth $1,330,156. 17.40% of the stock is currently owned by corporate insiders.

Mohawk Industries Company 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.