Mohawk Industries (NYSE:MHK) Insider Sells $73,050.40 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 635 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $115.04, for a total value of $73,050.40. Following the transaction, the insider owned 79,243 shares of the company’s stock, valued at approximately $9,116,114.72. This trade represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Mohawk Industries Stock Performance

NYSE MHK traded up $0.35 on Friday, reaching $115.85. 239,665 shares of the stock were exchanged, compared to its average volume of 802,810. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a one year low of $96.24 and a one year high of $143.13. The firm has a market capitalization of $7.16 billion, a PE ratio of 17.24, a PEG ratio of 2.38 and a beta of 1.31. The company’s 50-day simple moving average is $118.78 and its two-hundred day simple moving average is $116.69.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MHK shares. Wells Fargo & Company restated a “neutral” rating and issued a $130.00 price objective on shares of Mohawk Industries in a research report on Monday, October 27th. Raymond James Financial reissued a “strong-buy” rating and issued a $150.00 price target (up from $140.00) on shares of Mohawk Industries in a report on Tuesday, October 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mohawk Industries in a report on Friday, October 31st. Vertical Research initiated coverage on shares of Mohawk Industries in a report on Monday, October 20th. They issued a “buy” rating on the stock. Finally, Evercore ISI dropped their target price on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $138.00.

Institutional Investors Weigh In On Mohawk Industries

Institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC bought a new position in Mohawk Industries during the third quarter valued at $25,000. Federated Hermes Inc. grew its holdings in Mohawk Industries by 326.3% during the 1st quarter. Federated Hermes Inc. now owns 243 shares of the company’s stock valued at $28,000 after purchasing an additional 186 shares during the last quarter. MTM Investment Management LLC bought a new position in Mohawk Industries during the 2nd quarter valued at about $28,000. Quent Capital LLC purchased a new stake in Mohawk Industries in the 3rd quarter worth about $33,000. Finally, Brooklyn Investment Group lifted its stake in Mohawk Industries by 2,506.3% in the first quarter. Brooklyn Investment Group now owns 417 shares of the company’s stock worth $48,000 after purchasing an additional 401 shares during the last quarter. 78.98% of the stock is owned by institutional investors.

About Mohawk Industries

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.