Insider Selling: Mohawk Industries (NYSE:MHK) CAO Sells $29,382.75 in Stock

Mohawk Industries, Inc. (NYSE:MHK) CAO David Lee Repp sold 225 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $130.59, for a total transaction of $29,382.75. Following the completion of the sale, the chief accounting officer directly owned 1,786 shares in the company, valued at approximately $233,233.74. The trade was a 11.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Mohawk Industries Trading Down 2.3%

Mohawk Industries stock opened at $132.62 on Friday. Mohawk Industries, Inc. has a 52 week low of $92.99 and a 52 week high of $143.13. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.92. The stock has a market capitalization of $8.98 billion, a P/E ratio of 17.57, a PEG ratio of 2.00 and a beta of 1.18. The stock has a 50-day simple moving average of $113.60 and a 200 day simple moving average of $111.74.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $1.09. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the prior year, the company earned $2.77 earnings per share. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Analysts expect that Mohawk Industries, Inc. will post 9.69 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on MHK. Truist Financial lifted their target price on shares of Mohawk Industries from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $121.00 target price on shares of Mohawk Industries in a research report on Tuesday. Wells Fargo & Company boosted their price target on Mohawk Industries from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday. Barclays upped their price objective on Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Robert W. Baird lifted their target price on Mohawk Industries from $112.00 to $132.00 and gave the stock a “neutral” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Mohawk Industries currently has an average rating of “Hold” and a consensus price target of $130.50.

Key Headlines Impacting Mohawk Industries

Here are the key news stories impacting Mohawk Industries this week:

• Positive Sentiment: Truist raised its price target from $135 to $155 and reiterated its Buy rating. The move reflects confidence in Mohawk’s earnings recovery, productivity improvements and operating performance. Wells Fargo also raised its target from $115 to $125, although it retained an Equal Weight rating. Truist price target update
• Positive Sentiment: Mohawk’s latest quarterly results significantly exceeded expectations. EPS was $3.67 versus the $2.58 consensus estimate, while revenue rose 6.8% year over year to $2.99 billion, above the $2.79 billion forecast. Pricing, productivity and restructuring benefits are supporting margins despite weak housing-related demand. Mohawk earnings analysis
• Neutral Sentiment: Analysts remain divided on the recovery. Baird increased its target to $132 but kept a Neutral rating, while the broader analyst consensus remains Hold with an average target of $130.50. Investors are also watching whether margin gains can persist without temporary tariff-related benefits. Analyst and margin outlook
• Negative Sentiment: Several insiders sold shares in transactions disclosed this week. CEO Jeffrey S. Lorberbaum sold 59,078 shares for approximately $7.77 million, reducing his ownership substantially. Director Bernard Thiers sold 13,393 shares worth about $1.81 million, while insider Suzanne Helen sold 7,000 shares for $920,640 and CAO David Lee Repp sold 225 shares for $29,383. The sales may weigh on sentiment following the stock’s advance, although they do not necessarily indicate deteriorating fundamentals. SEC insider filings
• Negative Sentiment: Weak residential flooring demand and valuation are limiting enthusiasm. Many analysts continue to use neutral ratings, and the consensus target is below recent trading levels. The key risk is that housing-market weakness could offset Mohawk’s productivity and pricing gains.

Hedge Funds Weigh In On Mohawk Industries

Hedge funds have recently added to or reduced their stakes in the stock. Basecamp Wealth Advisors LLC increased its position in shares of Mohawk Industries by 2,281.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock worth $26,000 after purchasing an additional 251 shares during the period. Bayforest Capital Ltd acquired a new stake in Mohawk Industries in the fourth quarter valued at approximately $27,000. Elevation Wealth Partners LLC grew its position in Mohawk Industries by 122.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock worth $27,000 after acquiring an additional 121 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Mohawk Industries by 950.0% during the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after purchasing an additional 228 shares during the last quarter. Finally, Transamerica Financial Advisors LLC grew its holdings in Mohawk Industries by 216.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after acquiring an additional 188 shares during the last quarter. 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.