Mohawk Industries (NYSE:MHK) Insider Suzanne Helen Sells 957 Shares of Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 957 shares of Mohawk Industries stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $104.83, for a total transaction of $100,322.31. Following the completion of the sale, the insider owned 49,936 shares in the company, valued at $5,234,790.88. The trade was a 1.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Mohawk Industries Stock Down 2.4%

Shares of MHK stock opened at $102.73 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13. The firm’s fifty day moving average price is $102.46 and its two-hundred day moving average price is $110.82. The firm has a market capitalization of $6.26 billion, a P/E ratio of 15.40, a PEG ratio of 2.61 and a beta of 1.20.

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

Analyst Ratings Changes

Several research analysts have recently weighed in on MHK shares. Robert W. Baird lowered their price objective on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $109.00 price objective on shares of Mohawk Industries in a research note on Tuesday, May 5th. Weiss Ratings lowered shares of Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. Zacks Research lowered shares of Mohawk Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Finally, Bank of America restated a “neutral” rating and set a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $123.33.

Institutional Trading of Mohawk Industries

Several hedge funds and other institutional investors have recently modified their holdings of MHK. Norges Bank bought a new stake in shares of Mohawk Industries during the 4th quarter worth about $77,528,000. AQR Capital Management LLC boosted its holdings in shares of Mohawk Industries by 73.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock worth $200,922,000 after buying an additional 670,601 shares during the period. Steadfast Capital Management LP boosted its holdings in shares of Mohawk Industries by 96.3% during the 3rd quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock worth $120,837,000 after buying an additional 459,700 shares during the period. Candlestick Capital Management LP bought a new stake in shares of Mohawk Industries during the 3rd quarter worth about $53,320,000. Finally, Freestone Grove Partners LP bought a new stake in shares of Mohawk Industries during the 3rd quarter worth about $36,076,000. Institutional investors own 78.98% of the company’s stock.

About Mohawk Industries

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.