Insider Selling: Mohawk Industries (NYSE:MHK) Insider Sells $294,300.00 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 2,700 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $109.00, for a total transaction of $294,300.00. Following the completion of the sale, the insider owned 67,893 shares of the company’s stock, valued at approximately $7,400,337. The trade was a 3.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Mohawk Industries Price Performance

MHK stock opened at $107.87 on Friday. The firm has a market cap of $6.67 billion, a P/E ratio of 16.05, a P/E/G ratio of 2.22 and a beta of 1.23. The firm’s fifty day moving average is $114.04 and its 200 day moving average is $117.46. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $143.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 2.25.

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

Institutional Investors Weigh In On Mohawk Industries

Several institutional investors and hedge funds have recently modified their holdings of the stock. Yousif Capital Management LLC increased its position in shares of Mohawk Industries by 1.1% during the second quarter. Yousif Capital Management LLC now owns 8,374 shares of the company’s stock valued at $878,000 after buying an additional 88 shares during the period. Public Employees Retirement System of Ohio boosted its position in Mohawk Industries by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock valued at $2,224,000 after acquiring an additional 100 shares in the last quarter. Resona Asset Management Co. Ltd. grew its holdings in shares of Mohawk Industries by 22.6% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 612 shares of the company’s stock worth $78,000 after acquiring an additional 113 shares during the period. AlphaQuest LLC raised its position in shares of Mohawk Industries by 4.2% in the 3rd quarter. AlphaQuest LLC now owns 2,774 shares of the company’s stock worth $358,000 after acquiring an additional 113 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in shares of Mohawk Industries by 4.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,912 shares of the company’s stock valued at $375,000 after purchasing an additional 116 shares during the period. 78.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MHK has been the subject of several recent research reports. Evercore ISI lowered their price objective on Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a research report on Wednesday, November 19th. Vertical Research began coverage on shares of Mohawk Industries in a research note on Monday, October 20th. They issued a “buy” rating on the stock. Raymond James Financial reissued a “strong-buy” rating and issued a $150.00 price target (up previously from $140.00) on shares of Mohawk Industries in a report on Tuesday, October 21st. Wall Street Zen lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.79.

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.