Suzanne Helen Sells 7,000 Shares of Mohawk Industries (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 7,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $131.52, for a total transaction of $920,640.00. Following the sale, the insider owned 7,132 shares in the company, valued at approximately $938,000.64. This trade represents a 49.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Mohawk Industries Stock Down 2.3%

Shares of NYSE:MHK 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 firm has a fifty day moving average of $113.60 and a 200 day moving average of $111.74. The firm has a market capitalization of $8.98 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 2.00 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.92.

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

Key Stories 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 modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in shares of Mohawk Industries by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock worth $39,369,000 after purchasing an additional 42,655 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in 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 purchasing an additional 1,175 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Mohawk Industries in the 1st quarter worth approximately $149,000. Creative Planning lifted its holdings in Mohawk Industries by 10.2% in the 2nd quarter. Creative Planning now owns 3,730 shares of the company’s stock worth $391,000 after buying an additional 346 shares during the period. Finally, CW Advisors LLC bought a new stake in shares of Mohawk Industries in the 2nd quarter worth approximately $280,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on MHK. Zacks Research raised shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Truist Financial upped their price target on shares of Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Tuesday. Bank of America reaffirmed 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. Wells Fargo & Company boosted their target price on Mohawk Industries from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, JPMorgan Chase & Co. dropped their target price on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Mohawk Industries currently has an average rating of “Hold” and a consensus price target of $130.50.

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.