Mohawk Industries, Inc. $MHK Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC decreased its position in Mohawk Industries, Inc. (NYSE:MHK) by 63.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,521 shares of the company’s stock after selling 7,727 shares during the quarter. New York Life Investment Management LLC’s holdings in Mohawk Industries were worth $494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its stake in Mohawk Industries by 10.9% in the 4th quarter. Allworth Financial LP now owns 1,484 shares of the company’s stock valued at $162,000 after purchasing an additional 146 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in Mohawk Industries by 99.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 11,900 shares of the company’s stock valued at $1,301,000 after purchasing an additional 5,944 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in Mohawk Industries by 55.5% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 27,050 shares of the company’s stock valued at $2,957,000 after purchasing an additional 9,650 shares during the last quarter. Versor Investments LP acquired a new position in Mohawk Industries in the 4th quarter valued at about $328,000. Finally, Bailard Inc. acquired a new position in Mohawk Industries in the 4th quarter valued at about $685,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Stock Up 6.3%

MHK opened at $100.27 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 2.31 and a beta of 1.20. The business has a 50-day moving average of $101.92 and a two-hundred day moving average of $111.22. Mohawk Industries, Inc. has a 12 month low of $92.99 and a 12 month high of $143.13.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter in the previous year, the business earned $1.52 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, research analysts expect that Mohawk Industries, Inc. will post 8.78 earnings per share for the current year.

Insider Activity

In other news, insider Suzanne L. Helen sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $97.80, for a total transaction of $293,400.00. Following the completion of the sale, the insider owned 53,893 shares in the company, valued at approximately $5,270,735.40. The trade was a 5.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders sold 12,000 shares of company stock worth $1,246,336. 17.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MHK. Deutsche Bank Aktiengesellschaft set a $109.00 target price on shares of Mohawk Industries in a research note on Tuesday, May 5th. JPMorgan Chase & Co. lowered their price target on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. UBS Group restated a “neutral” rating and issued a $140.00 price target on shares of Mohawk Industries in a report on Monday, February 16th. Evercore set a $110.00 price target on Mohawk Industries in a report on Monday, May 4th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $123.33.

About Mohawk Industries

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.