CenterBook Partners LP Sells 26,554 Shares of Mohawk Industries, Inc. $MHK

CenterBook Partners LP lessened its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 69.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,898 shares of the company’s stock after selling 26,554 shares during the quarter. CenterBook Partners LP’s holdings in Mohawk Industries were worth $1,534,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Atlas FRM LLC increased its position in shares of Mohawk Industries by 28.0% during the second quarter. Atlas FRM LLC now owns 608,000 shares of the company’s stock valued at $63,743,000 after buying an additional 133,000 shares during the period. AEGON ASSET MANAGEMENT UK Plc bought a new stake in Mohawk Industries during the 3rd quarter valued at approximately $20,054,000. ARGA Investment Management LP grew its holdings 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 worth $63,008,000 after acquiring an additional 458,349 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Mohawk Industries by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,829,830 shares of the company’s stock worth $235,902,000 after acquiring an additional 9,516 shares in the last quarter. Finally, Rakuten Investment Management Inc. purchased a new position in shares of Mohawk Industries in the 3rd quarter valued at approximately $38,161,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

Mohawk Industries Trading Down 2.1%

NYSE:MHK opened at $128.26 on Friday. The company 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, Inc. has a 12 month low of $96.24 and a 12 month high of $143.13. The company has a current ratio of 2.19, a quick ratio of 1.21 and a debt-to-equity ratio of 0.21. The company has a 50 day simple moving average of $119.31 and a two-hundred day simple moving average of $121.23.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, February 12th. The company reported $2.00 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $2.68 billion. During the same quarter in the previous year, the company posted $1.95 earnings per share. Mohawk Industries’s revenue was up 2.4% compared to the same quarter last year. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. Research analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen cut Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. UBS Group reaffirmed a “neutral” rating and issued a $140.00 target price on shares of Mohawk Industries in a research report on Monday. Evercore set a $143.00 price target on shares of Mohawk Industries in a research report on Tuesday. Jefferies Financial Group dropped their price objective on shares of Mohawk Industries from $134.00 to $128.00 and set a “hold” rating on the stock in a research note on Monday, December 15th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $137.64.

Insider Activity

In related news, insider Suzanne L. Helen sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $110.36, for a total transaction of $386,260.00. Following the completion of the sale, the insider directly owned 70,593 shares in the company, valued at approximately $7,790,643.48. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 11,985 shares of company stock valued at $1,330,156 over the last quarter. Company insiders own 17.40% of the company’s stock.

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.