Suzanne Helen Sells 500 Shares of Mohawk Industries (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 500 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $109.04, for a total transaction of $54,520.00. Following the transaction, the insider owned 82,378 shares of the company’s stock, valued at approximately $8,982,497.12. The trade was a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Mohawk Industries Stock Performance

MHK stock traded down $3.14 during trading on Monday, reaching $103.83. 826,392 shares of the stock were exchanged, compared to its average volume of 801,494. Mohawk Industries, Inc. has a twelve month low of $96.24 and a twelve month high of $146.93. The company has a market capitalization of $6.42 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31. The stock has a 50 day simple moving average of $123.65 and a 200-day simple moving average of $116.54. 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 (NYSE:MHK) last announced 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). The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.73 billion. Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm earned $2.90 EPS. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. As a group, sell-side analysts anticipate that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MHK shares. Wells Fargo & Company reiterated a “neutral” rating and issued a $130.00 price target on shares of Mohawk Industries in a research report on Monday, October 27th. Raymond James Financial restated a “strong-buy” rating and issued a $150.00 target price (up previously from $140.00) on shares of Mohawk Industries in a research note on Tuesday, October 21st. Vertical Research started coverage on shares of Mohawk Industries in a report on Monday, October 20th. They issued a “buy” rating on the stock. Barclays cut their price target on shares of Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating for the company in a report on Monday, October 27th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Mohawk Industries from $139.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $138.46.

Hedge Funds Weigh In On Mohawk Industries

A number of institutional investors have recently modified their holdings of MHK. AQR Capital Management LLC lifted its position in Mohawk Industries by 73.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock valued at $200,922,000 after purchasing an additional 670,601 shares during the period. Alyeska Investment Group L.P. lifted its holdings in Mohawk Industries by 436.4% in the first quarter. Alyeska Investment Group L.P. now owns 756,030 shares of the company’s stock valued at $86,324,000 after buying an additional 615,095 shares during the period. Sound Shore Management Inc. CT acquired a new stake in Mohawk Industries during the 1st quarter worth $61,159,000. Norges Bank bought a new stake in shares of Mohawk Industries during the 2nd quarter valued at $48,276,000. Finally, Steadfast Capital Management LP lifted its stake in shares of Mohawk Industries by 96.3% in the 3rd quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock valued at $120,837,000 after purchasing an additional 459,700 shares during the period. 78.98% of the stock is owned by institutional investors.

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.