Mohawk Industries (NYSE:MHK) Insider Suzanne Helen Sells 3,000 Shares

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 3,000 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $112.68, for a total value of $338,040.00. Following the completion of the transaction, the insider owned 35,732 shares of the company’s stock, valued at $4,026,281.76. The trade was a 7.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Mohawk Industries Trading Down 0.0%

NYSE:MHK opened at $111.38 on Wednesday. The stock has a fifty day moving average price of $103.86 and a two-hundred day moving average price of $110.79. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 2.76 and a beta of 1.20. 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 1 year low of $92.99 and a 1 year high of $143.13.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.10. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations 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 quarter 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. As a group, sell-side analysts anticipate that Mohawk Industries, Inc. will post 8.67 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MHK shares. Royal Bank Of Canada increased their price objective on Mohawk Industries from $122.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Wells Fargo & Company dropped their price target on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Weiss Ratings cut Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. Wall Street Zen cut Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Evercore set a $110.00 price target on Mohawk Industries in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Mohawk Industries currently has an average rating of “Hold” and a consensus price target of $123.33.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MHK. Norges Bank purchased a new position in shares of Mohawk Industries in the fourth quarter valued at $77,528,000. AQR Capital Management LLC increased its position in shares of Mohawk Industries by 73.9% in the third quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock valued at $200,922,000 after buying an additional 670,601 shares in the last quarter. Steadfast Capital Management LP increased its position in shares of Mohawk Industries by 96.3% in the third quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock valued at $120,837,000 after buying an additional 459,700 shares in the last quarter. Candlestick Capital Management LP purchased a new position in shares of Mohawk Industries in the third quarter valued at $53,320,000. Finally, Freestone Grove Partners LP acquired a new stake in shares of Mohawk Industries during the third quarter valued at $36,076,000. Hedge funds and other 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.