Mohawk Industries (NYSE:MHK) Insider Sells 1,887 Shares

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 1,887 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $106.06, for a total value of $200,135.22. Following the completion of the sale, the insider directly owned 48,049 shares in the company, valued at approximately $5,096,076.94. This represents a 3.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Mohawk Industries Stock Performance

Shares of NYSE MHK traded down $2.48 during trading hours on Friday, hitting $102.73. 652,311 shares of the company’s stock were exchanged, compared to its average volume of 920,962. The company’s 50-day moving average price is $102.45 and its 200-day moving average price is $110.87. Mohawk Industries, Inc. has a 1-year low of $92.99 and a 1-year high of $143.13. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 2.60 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.80 by $0.10. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the previous year, the business posted $1.52 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, sell-side analysts expect that Mohawk Industries, Inc. will post 8.67 earnings per share for the current fiscal year.

Institutional Trading of Mohawk Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MHK. NewEdge Advisors LLC raised its position in Mohawk Industries by 51.3% in the first quarter. NewEdge Advisors LLC now owns 3,278 shares of the company’s stock worth $323,000 after purchasing an additional 1,112 shares in the last quarter. Essential Partners LLC raised its holdings in shares of Mohawk Industries by 129.3% in the 1st quarter. Essential Partners LLC now owns 1,892 shares of the company’s stock worth $186,000 after buying an additional 1,067 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Mohawk Industries by 68.0% during the 1st quarter. Bank of America Corp DE now owns 444,345 shares of the company’s stock worth $43,750,000 after buying an additional 179,925 shares during the period. Kentucky Retirement Systems acquired a new stake in Mohawk Industries in the 1st quarter valued at $496,000. Finally, Lodge Hill Capital LLC grew its position in Mohawk Industries by 7.1% in the first quarter. Lodge Hill Capital LLC now owns 302,480 shares of the company’s stock valued at $29,782,000 after acquiring an additional 20,000 shares during the period. Institutional investors own 78.98% of the company’s stock.

Wall Street Analyst Weigh In

MHK has been the subject of several research analyst reports. Evercore set a $110.00 target price on shares of Mohawk Industries in a research note on Monday, May 4th. Wells Fargo & Company dropped 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 report on Wednesday, April 8th. Barclays cut their price objective on shares of Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Robert W. Baird decreased their target price on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft set a $109.00 price target on Mohawk Industries in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $123.33.

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.