Mohawk Industries (NYSE:MHK) Insider Sells $139,480.00 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $139.48, for a total value of $139,480.00. Following the completion of the sale, the insider directly owned 6,132 shares of the company’s stock, valued at $855,291.36. The trade was a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Mohawk Industries Stock Performance

NYSE MHK opened at $133.18 on Friday. The business’s 50 day moving average price is $119.77 and its 200-day moving average price is $112.80. Mohawk Industries, Inc. has a fifty-two week low of $92.99 and a fifty-two week high of $143.13. The company has a market cap of $9.02 billion, a P/E ratio of 17.64, a P/E/G ratio of 1.99 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 posted its quarterly earnings data on Thursday, July 30th. The company reported $3.67 EPS for the quarter, topping the consensus estimate of $2.58 by $1.09. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same period in the previous year, the firm earned $2.77 earnings per share. Mohawk Industries’s quarterly revenue 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. Sell-side analysts predict that Mohawk Industries, Inc. will post 9.69 earnings per share for the current year.

Institutional Investors Weigh In On Mohawk Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Mohawk Industries during the second quarter valued at approximately $777,293,000. Dimensional Fund Advisors LP grew its stake in Mohawk Industries by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,219,318 shares of the company’s stock worth $316,962,000 after purchasing an additional 80,761 shares in the last quarter. State Street Corp increased its holdings in Mohawk Industries by 2.1% during the 2nd quarter. State Street Corp now owns 1,915,831 shares of the company’s stock worth $200,856,000 after purchasing an additional 39,556 shares during the period. AQR Capital Management LLC increased its holdings in Mohawk Industries by 15.9% during the 4th quarter. AQR Capital Management LLC now owns 1,829,347 shares of the company’s stock worth $199,948,000 after purchasing an additional 251,012 shares during the period. Finally, Pzena Investment Management LLC raised its position in Mohawk Industries by 0.6% during the 4th quarter. Pzena Investment Management LLC now owns 1,186,400 shares of the company’s stock valued at $129,674,000 after purchasing an additional 7,332 shares in the last quarter. Institutional investors own 78.98% of the company’s stock.

Analysts Set New Price Targets

MHK has been the topic of a number of recent analyst reports. Robert W. Baird increased their price objective on shares of Mohawk Industries from $112.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. 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 report on Monday, August 3rd. Weiss Ratings upgraded Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Zacks Research raised Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Finally, Royal Bank Of Canada boosted their price objective on Mohawk Industries from $117.00 to $130.00 and gave the company a “sector perform” rating in a report on Monday, August 3rd. One 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, the stock presently has an average rating of “Hold” and a consensus target price 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.