Mohawk Industries (NYSE:MHK) Insider Suzanne Helen Sells 3,500 Shares of Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 3,500 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $110.36, for a total value of $386,260.00. Following the completion of the transaction, the insider owned 70,593 shares of the company’s stock, valued at approximately $7,790,643.48. This represents a 4.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mohawk Industries Price Performance

MHK traded up $3.13 during midday trading on Thursday, reaching $112.33. 32,882 shares of the company’s stock were exchanged, compared to its average volume of 807,512. The business’s 50-day moving average price is $114.43 and its 200 day moving average price is $117.45. The stock has a market capitalization of $6.94 billion, a PE ratio of 16.73, a P/E/G ratio of 2.24 and a beta of 1.23. Mohawk Industries, Inc. has a 1-year low of $96.24 and a 1-year high of $143.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 1.24.

Mohawk Industries (NYSE:MHK) last posted its earnings results 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). The company had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. Mohawk Industries’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.90 EPS. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. As a group, equities analysts anticipate that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Mohawk Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. Atlas FRM LLC raised its position in shares of Mohawk Industries by 28.0% during the 2nd quarter. Atlas FRM LLC now owns 608,000 shares of the company’s stock valued at $63,743,000 after acquiring an additional 133,000 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Mohawk Industries in the second quarter worth $337,000. Royal Bank of Canada increased its stake in Mohawk Industries by 34.3% during the first quarter. Royal Bank of Canada now owns 91,119 shares of the company’s stock valued at $10,404,000 after purchasing an additional 23,252 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of Mohawk Industries during the first quarter worth $312,000. Finally, Brandes Investment Partners LP lifted its position in shares of Mohawk Industries by 5.6% in the 2nd quarter. Brandes Investment Partners LP now owns 870,778 shares of the company’s stock worth $91,294,000 after buying an additional 46,076 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MHK shares. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mohawk Industries in a research report on Friday, October 31st. 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. Evercore ISI dropped their price objective on shares of Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a research note on Wednesday, November 19th. Finally, Jefferies Financial Group lowered their target price on shares of Mohawk Industries from $134.00 to $128.00 and set a “hold” rating for the company in a report on Monday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.79.

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.