Insider Selling: Mohawk Industries (NYSE:MHK) Insider Sells 1,887 Shares of Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 1,887 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $106.06, for a total transaction of $200,135.22. Following the transaction, the insider owned 48,049 shares of the company’s stock, valued at approximately $5,096,076.94. This trade represents a 3.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Mohawk Industries Price Performance

Mohawk Industries stock traded down $2.48 during mid-day trading on Friday, hitting $102.73. The company’s stock had a trading volume of 652,311 shares, compared to its average volume of 920,962. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $143.13. The stock’s fifty day moving average price is $102.45 and its two-hundred day moving average price is $110.87. The stock has a market capitalization of $6.26 billion, a P/E ratio of 15.40, a P/E/G ratio of 2.60 and a beta of 1.20. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.80 by $0.10. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.74 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.Mohawk Industries’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Research analysts forecast that Mohawk Industries, Inc. will post 8.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MHK. JPMorgan Chase & Co. cut their price target on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $109.00 target price on shares of Mohawk Industries in a research note on Tuesday, May 5th. Royal Bank Of Canada lifted their price target on Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Zacks Research cut Mohawk Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Finally, Evercore set a $110.00 price target on shares of Mohawk Industries in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Mohawk Industries presently has a consensus rating of “Hold” and an average price target of $123.33.

Hedge Funds Weigh In On Mohawk Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its holdings in shares of Mohawk Industries by 14.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock valued at $39,369,000 after purchasing an additional 42,655 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Mohawk Industries by 0.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock valued at $22,148,000 after acquiring an additional 1,175 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Mohawk Industries in the 1st quarter valued at approximately $149,000. Creative Planning boosted its position in Mohawk Industries by 10.2% during the second quarter. Creative Planning now owns 3,730 shares of the company’s stock worth $391,000 after purchasing an additional 346 shares during the period. Finally, CW Advisors LLC acquired a new stake in shares of Mohawk Industries in the second quarter worth $280,000. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a global flooring manufacturer that designs, produces and distributes a broad range of floor covering products for both residential and commercial applications. Headquartered in Calhoun, Georgia, the company traces its roots to 1878 and has expanded through a series of strategic acquisitions and organic growth initiatives. Over the decades, Mohawk has built a vertically integrated platform encompassing yarn manufacturing, fiber production, wood and laminate finishing, and ceramic tile fabrication, enabling tight control over product quality and supply chain efficiency.

The company’s product portfolio includes residential and commercial carpet, ceramic and porcelain tile, laminate, wood and natural stone flooring, luxury vinyl, and innovative surface solutions.