Mohawk Industries (NYSE:MHK) Director Bernard Thiers Sells 13,393 Shares of Stock

Mohawk Industries, Inc. (NYSE:MHK) Director Bernard Thiers sold 13,393 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $134.98, for a total value of $1,807,787.14. Following the transaction, the director owned 93,633 shares of the company’s stock, valued at $12,638,582.34. This trade represents a 12.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Mohawk Industries Stock Down 2.3%

Shares of NYSE:MHK opened at $132.62 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13. The firm has a market capitalization of $8.98 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 2.00 and a beta of 1.18. The firm’s 50-day moving average is $113.60 and its two-hundred day moving average is $111.74. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, July 30th. The company reported $3.67 EPS for the quarter, beating the consensus estimate of $2.58 by $1.09. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.79 billion. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.77 earnings per share. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Analysts predict that Mohawk Industries, Inc. will post 9.69 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MHK shares. JPMorgan Chase & Co. cut their price objective on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Zacks Research upgraded Mohawk Industries from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Barclays boosted their target price on Mohawk Industries from $109.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday. Truist Financial increased their price target on Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Bank of America reiterated a “neutral” rating and issued a $122.00 price objective (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 assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mohawk Industries presently has a consensus rating of “Hold” and an average target price of $130.50.

Hedge Funds Weigh In On Mohawk Industries

A number of institutional investors and hedge funds have recently modified their holdings of the company. Elevation Wealth Partners LLC raised its stake in Mohawk Industries by 122.2% in the second quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock valued at $27,000 after buying an additional 121 shares in the last quarter. Bayforest Capital Ltd acquired a new position in shares of Mohawk Industries during the 4th quarter worth about $27,000. Global Retirement Partners LLC increased its holdings in shares of Mohawk Industries by 950.0% in the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after acquiring an additional 228 shares during the last quarter. Basecamp Wealth Advisors LLC increased its holdings in shares of Mohawk Industries by 2,281.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock valued at $26,000 after acquiring an additional 251 shares during the last quarter. Finally, Transamerica Financial Advisors LLC raised its position in shares of Mohawk Industries by 216.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after acquiring an additional 188 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Key Mohawk Industries News

Here are the key news stories impacting Mohawk Industries this week:

• Positive Sentiment: Truist raised its price target from $135 to $155 and reiterated its Buy rating. The move reflects confidence in Mohawk’s earnings recovery, productivity improvements and operating performance. Wells Fargo also raised its target from $115 to $125, although it retained an Equal Weight rating. Truist price target update
• Positive Sentiment: Mohawk’s latest quarterly results significantly exceeded expectations. EPS was $3.67 versus the $2.58 consensus estimate, while revenue rose 6.8% year over year to $2.99 billion, above the $2.79 billion forecast. Pricing, productivity and restructuring benefits are supporting margins despite weak housing-related demand. Mohawk earnings analysis
• Neutral Sentiment: Analysts remain divided on the recovery. Baird increased its target to $132 but kept a Neutral rating, while the broader analyst consensus remains Hold with an average target of $130.50. Investors are also watching whether margin gains can persist without temporary tariff-related benefits. Analyst and margin outlook
• Negative Sentiment: Several insiders sold shares in transactions disclosed this week. CEO Jeffrey S. Lorberbaum sold 59,078 shares for approximately $7.77 million, reducing his ownership substantially. Director Bernard Thiers sold 13,393 shares worth about $1.81 million, while insider Suzanne Helen sold 7,000 shares for $920,640 and CAO David Lee Repp sold 225 shares for $29,383. The sales may weigh on sentiment following the stock’s advance, although they do not necessarily indicate deteriorating fundamentals. SEC insider filings
• Negative Sentiment: Weak residential flooring demand and valuation are limiting enthusiasm. Many analysts continue to use neutral ratings, and the consensus target is below recent trading levels. The key risk is that housing-market weakness could offset Mohawk’s productivity and pricing gains.

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.