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

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 2,000 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $110.70, for a total transaction of $221,400.00. Following the transaction, the insider directly owned 74,093 shares in the company, valued at approximately $8,202,095.10. The trade was a 2.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Mohawk Industries Price Performance

Shares of NYSE:MHK traded up $3.13 during trading on Thursday, reaching $112.33. The company had a trading volume of 32,882 shares, compared to its average volume of 807,512. The firm’s fifty day moving average is $114.43 and its 200 day moving average is $117.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 2.25. The firm has a market capitalization of $6.94 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 2.24 and a beta of 1.23. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $143.13.

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

Hedge Funds Weigh In On Mohawk Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in Mohawk Industries by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,085,012 shares of the company’s stock valued at $397,714,000 after purchasing an additional 37,487 shares during the period. Invesco Ltd. grew its holdings in shares of Mohawk Industries by 7.4% during the second quarter. Invesco Ltd. now owns 1,957,197 shares of the company’s stock valued at $205,192,000 after buying an additional 135,246 shares in the last quarter. State Street Corp raised 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 buying an additional 39,556 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Mohawk Industries by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,829,830 shares of the company’s stock worth $235,902,000 after acquiring an additional 9,516 shares in the last quarter. Finally, Ariel Investments LLC boosted its position in Mohawk Industries by 3.4% during the 1st quarter. Ariel Investments LLC now owns 1,743,574 shares of the company’s stock worth $199,081,000 after acquiring an additional 57,391 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Raymond James Financial reiterated a “strong-buy” rating and issued a $150.00 target price (up from $140.00) on shares of Mohawk Industries in a report on Tuesday, October 21st. Wells Fargo & Company reduced their target price on shares of Mohawk Industries from $125.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday. Jefferies Financial Group dropped their price target on Mohawk Industries from $134.00 to $128.00 and set a “hold” rating on the stock in a report on Monday. Finally, Weiss Ratings reissued 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 assigned a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.79.

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.