Mohawk Industries (NYSE:MHK) Insider Sells $559,600.00 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $111.92, for a total transaction of $559,600.00. Following the transaction, the insider directly owned 30,732 shares in the company, valued at $3,439,525.44. The trade was a 13.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Mohawk Industries Stock Up 4.3%

MHK stock traded up $4.66 during midday trading on Thursday, reaching $112.70. The company had a trading volume of 1,156,860 shares, compared to its average volume of 909,888. 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 company has a 50 day moving average of $104.08 and a two-hundred day moving average of $110.74. The company has a market capitalization of $6.87 billion, a P/E ratio of 16.90, a PEG ratio of 2.77 and a beta of 1.20. 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, April 30th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.10. The business 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 firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, equities research analysts expect that Mohawk Industries, Inc. will post 8.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Truist Financial reduced their price objective on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Wells Fargo & Company dropped their target price on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Barclays decreased their price target on shares of Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Robert W. Baird dropped their price objective on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft set a $109.00 price objective on shares of Mohawk Industries in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $123.33.

Institutional Trading of Mohawk Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in Mohawk Industries by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock worth $39,369,000 after purchasing an additional 42,655 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased 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 valued at $22,148,000 after buying an additional 1,175 shares during the period. Acadian Asset Management LLC bought a new stake in Mohawk Industries in the 1st quarter valued at $149,000. Creative Planning raised its stake in shares of Mohawk Industries by 10.2% in the 2nd quarter. Creative Planning now owns 3,730 shares of the company’s stock valued at $391,000 after buying an additional 346 shares in the last quarter. Finally, CW Advisors LLC bought a new position in shares of Mohawk Industries during the 2nd quarter worth about $280,000. 78.98% of the stock is currently owned by institutional investors.

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.