New York Life Investment Management LLC lessened its stake in shares of Mohawk Industries, Inc. (NYSE:MHK – Free Report) by 63.1% during the fourth quarter, HoldingsChannel reports. The firm owned 4,521 shares of the company’s stock after selling 7,727 shares during the period. New York Life Investment Management LLC’s holdings in Mohawk Industries were worth $494,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of MHK. Goldman Sachs Group Inc. boosted its holdings in Mohawk Industries by 14.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock worth $39,369,000 after acquiring an additional 42,655 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Mohawk Industries by 0.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock worth $22,148,000 after acquiring an additional 1,175 shares during the period. Acadian Asset Management LLC purchased a new position in Mohawk Industries in the 1st quarter worth approximately $149,000. Creative Planning boosted its stake in shares of Mohawk Industries by 10.2% in the second quarter. Creative Planning now owns 3,730 shares of the company’s stock valued at $391,000 after purchasing an additional 346 shares during the period. Finally, CW Advisors LLC purchased a new position in shares of Mohawk Industries in the second quarter valued at $280,000. Institutional investors and hedge funds own 78.98% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on MHK shares. UBS Group restated a “neutral” rating and issued a $140.00 target price on shares of Mohawk Industries in a research note on Monday, February 16th. Royal Bank Of Canada upped their target price on shares of Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Robert W. Baird decreased their target price on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Finally, Bank of America restated a “neutral” rating and issued a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Mohawk Industries currently has an average rating of “Hold” and an average price target of $123.33.
Mohawk Industries Stock Performance
Mohawk Industries stock opened at $100.27 on Thursday. The stock has a market cap of $6.11 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 2.31 and a beta of 1.20. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average of $101.92 and a 200-day moving average of $111.22. Mohawk Industries, Inc. has a 52 week low of $92.99 and a 52 week high of $143.13.
Mohawk Industries (NYSE:MHK – Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.80 by $0.10. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, analysts expect that Mohawk Industries, Inc. will post 8.78 EPS for the current fiscal year.
Insider Activity at Mohawk Industries
In other news, insider Suzanne L. Helen sold 5,658 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $105.19, for a total transaction of $595,165.02. Following the completion of the transaction, the insider directly owned 61,935 shares in the company, valued at approximately $6,514,942.65. This represents a 8.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 12,000 shares of company stock worth $1,246,336. Corporate insiders own 17.90% of the company’s stock.
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.
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