Mohawk Industries (NYSE:MHK) Insider Suzanne Helen Sells 2,000 Shares

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 2,000 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $103.31, for a total value of $206,620.00. Following the completion of the transaction, the insider owned 58,893 shares in the company, valued at approximately $6,084,235.83. This trade represents a 3.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Mohawk Industries Stock Performance

MHK stock traded down $1.78 during trading on Wednesday, reaching $102.65. The stock had a trading volume of 87,651 shares, compared to its average volume of 864,197. The firm has a market cap of $6.31 billion, a PE ratio of 17.34, a PEG ratio of 1.65 and a beta of 1.19. 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 stock’s 50 day moving average is $120.79 and its two-hundred day moving average is $119.53. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $143.13.

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. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.68 billion. Mohawk Industries had a return on equity of 6.80% and a net margin of 3.43%.The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.95 EPS. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. As a group, equities analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MHK shares. Wells Fargo & Company boosted their price objective on shares of Mohawk Industries from $110.00 to $125.00 and gave the company a “cautious” rating in a research report on Wednesday, February 11th. Jefferies Financial Group lowered their target price on Mohawk Industries from $134.00 to $128.00 and set a “hold” rating on the stock in a research report on Monday, December 15th. UBS Group reissued a “neutral” rating and set a $140.00 price target on shares of Mohawk Industries in a report on Monday, February 16th. Truist Financial raised their price objective on Mohawk Industries from $148.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings reissued 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 given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $137.64.

Hedge Funds Weigh In On Mohawk Industries

A number of institutional investors and hedge funds have recently modified their holdings of MHK. Dimensional Fund Advisors LP increased its position in shares of Mohawk Industries by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,138,557 shares of the company’s stock valued at $343,045,000 after purchasing an additional 53,545 shares during the last quarter. Invesco Ltd. boosted its stake in Mohawk Industries by 7.4% during the second quarter. Invesco Ltd. now owns 1,957,197 shares of the company’s stock worth $205,192,000 after buying an additional 135,246 shares during the period. State Street Corp increased its position in Mohawk Industries by 2.1% during the second quarter. State Street Corp now owns 1,915,831 shares of the company’s stock valued at $200,856,000 after acquiring an additional 39,556 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Mohawk Industries by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,829,830 shares of the company’s stock valued at $235,902,000 after acquiring an additional 9,516 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Mohawk Industries by 15.9% in the fourth quarter. AQR Capital Management LLC now owns 1,829,347 shares of the company’s stock valued at $199,948,000 after acquiring an additional 251,012 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.

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.