CenterBook Partners LP Purchases 24,434 Shares of Mohawk Industries, Inc. $MHK

CenterBook Partners LP grew its position in Mohawk Industries, Inc. (NYSE:MHK) by 174.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,452 shares of the company’s stock after purchasing an additional 24,434 shares during the quarter. CenterBook Partners LP’s holdings in Mohawk Industries were worth $4,031,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Mufg Securities Americas Inc. boosted its stake in Mohawk Industries by 23.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 1,150 shares of the company’s stock valued at $121,000 after purchasing an additional 222 shares during the period. CFC Planning Co LLC acquired a new stake in shares of Mohawk Industries during the second quarter worth $242,000. Legal & General Group Plc boosted its position in shares of Mohawk Industries by 12.6% in the second quarter. Legal & General Group Plc now owns 141,815 shares of the company’s stock valued at $14,868,000 after acquiring an additional 15,834 shares during the period. Neo Ivy Capital Management acquired a new position in shares of Mohawk Industries in the second quarter valued at about $177,000. Finally, Magnetar Financial LLC acquired a new position in shares of Mohawk Industries in the second quarter valued at about $4,928,000. Institutional investors own 78.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MHK. Evercore ISI dropped their price objective on shares of Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a research note on Wednesday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $123.00 price target (up from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. JPMorgan Chase & Co. increased their price target on Mohawk Industries from $139.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Wells Fargo & Company restated a “neutral” rating and set a $130.00 price objective on shares of Mohawk Industries in a research note on Monday, October 27th. Finally, Vertical Research initiated coverage on Mohawk Industries in a research report on Monday, October 20th. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $138.00.

Mohawk Industries Trading Up 6.0%

Shares of MHK opened at $109.90 on Friday. Mohawk Industries, Inc. has a 52-week low of $96.24 and a 52-week high of $146.93. The business’s fifty day moving average is $120.44 and its 200-day moving average is $116.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 2.25. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 2.38 and a beta of 1.31.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $2.67 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.01). The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.73 billion. Mohawk Industries had a return on equity of 6.97% and a net margin of 3.93%.Mohawk Industries’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.90 earnings per share. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. Equities analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 500 shares of Mohawk Industries stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $109.04, for a total transaction of $54,520.00. Following the sale, the insider directly owned 82,378 shares of the company’s stock, valued at approximately $8,982,497.12. The trade was a 0.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 6,406 shares of company stock valued at $793,753. Company insiders own 17.40% of the company’s stock.

Mohawk Industries Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.