Suzanne Helen Sells 1,852 Shares of Mohawk Industries (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 1,852 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $108.02, for a total value of $200,053.04. Following the completion of the transaction, the insider directly owned 39,622 shares in the company, valued at $4,279,968.44. The trade was a 4.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Mohawk Industries Stock Down 3.2%

Shares of MHK stock opened at $107.94 on Thursday. The stock’s 50 day simple moving average is $104.08 and its 200 day simple moving average is $110.74. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $143.13. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.77 and a beta of 1.20.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same period last year, the business earned $1.52 EPS. The firm’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. As a group, research analysts predict that Mohawk Industries, Inc. will post 8.67 EPS for the current year.

Analyst Upgrades and Downgrades

MHK has been the topic of several research analyst reports. Evercore set a $110.00 price objective on shares of Mohawk Industries in a research note on Monday, May 4th. Zacks Research downgraded shares of Mohawk Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Wall Street Zen downgraded shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Wells Fargo & Company lowered their price objective on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Finally, Weiss Ratings downgraded shares of Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $123.33.

Institutional Trading of Mohawk Industries

A number of institutional investors and hedge funds have recently modified their holdings of MHK. Norges Bank bought a new stake in shares of Mohawk Industries during the fourth quarter valued at approximately $77,528,000. AQR Capital Management LLC increased its position in shares of Mohawk Industries by 73.9% during the third 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. Steadfast Capital Management LP increased its position in shares of Mohawk Industries by 96.3% during the third 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. Candlestick Capital Management LP bought a new stake in shares of Mohawk Industries during the third quarter valued at approximately $53,320,000. Finally, Freestone Grove Partners LP bought a new stake in shares of Mohawk Industries during the third quarter valued at approximately $36,076,000. 78.98% of the stock is currently owned by institutional investors.

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.