Mohawk Industries (NYSE:MHK) Insider Suzanne Helen Sells 265 Shares

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 265 shares of Mohawk Industries stock in a transaction on Friday, October 31st. The stock was sold at an average price of $113.80, for a total transaction of $30,157.00. Following the transaction, the insider directly owned 85,028 shares of the company’s stock, valued at $9,676,186.40. This represents a 0.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $110.79 on Wednesday. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $148.57. The firm has a fifty day simple moving average of $127.64 and a 200 day simple moving average of $116.39. The company has a market capitalization of $6.85 billion, a PE ratio of 16.49, a P/E/G ratio of 2.38 and a beta of 1.31. The company has a quick ratio of 1.24, a current ratio of 2.25 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, October 23rd. The company reported $2.67 earnings per share 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 for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the business earned $2.90 EPS. Mohawk Industries’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. On average, sell-side analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on MHK shares. JPMorgan Chase & Co. boosted their price target on Mohawk Industries from $139.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Wells Fargo & Company reissued a “neutral” rating and issued a $130.00 price target on shares of Mohawk Industries in a research note on Monday, October 27th. Vertical Research started coverage on Mohawk Industries in a research note on Monday, October 20th. They issued a “buy” rating on the stock. Barclays dropped their price target on Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Monday, October 27th. Finally, 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 research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Mohawk Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.46.

Hedge Funds Weigh In On Mohawk Industries

A number of institutional investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its holdings in Mohawk Industries by 78.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,574 shares of the company’s stock worth $408,000 after buying an additional 1,566 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Mohawk Industries by 12.8% during the first quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company’s stock worth $414,017,000 after buying an additional 410,388 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in Mohawk Industries in the 2nd quarter valued at $337,000. Truist Financial Corp grew its stake in Mohawk Industries by 7.9% in the 1st quarter. Truist Financial Corp now owns 403,936 shares of the company’s stock valued at $46,121,000 after purchasing an additional 29,480 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Mohawk Industries by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 540,197 shares of the company’s stock valued at $61,680,000 after purchasing an additional 5,939 shares during the period. 78.98% of the stock is owned by institutional investors and hedge funds.

Mohawk Industries Company Profile

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.