Mohawk Industries (NYSE:MHK) Insider Suzanne Helen Sells 890 Shares of Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 890 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $112.20, for a total transaction of $99,858.00. Following the sale, the insider owned 38,732 shares of the company’s stock, valued at $4,345,730.40. This represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Mohawk Industries Stock Down 0.0%

Shares of NYSE:MHK opened at $111.38 on Wednesday. The firm has a 50 day simple moving average of $103.86 and a 200-day simple moving average of $110.79. The company has a market capitalization of $6.79 billion, a PE ratio of 16.70, a P/E/G ratio of 2.76 and a beta of 1.20. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $143.13. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MHK shares. JPMorgan Chase & Co. lowered their price target on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Evercore set a $110.00 price objective on shares of Mohawk Industries in a research report on Monday, May 4th. Deutsche Bank Aktiengesellschaft set a $109.00 price objective on shares of Mohawk Industries in a research note on Tuesday, May 5th. Truist Financial lowered their price objective on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Finally, Bank of America reissued a “neutral” rating and issued a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $123.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MHK. Norges Bank acquired a new stake in shares of Mohawk Industries during the fourth quarter worth approximately $77,528,000. AQR Capital Management LLC boosted its holdings in Mohawk Industries by 73.9% in the third quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock worth $200,922,000 after purchasing an additional 670,601 shares during the period. Steadfast Capital Management LP boosted its holdings in Mohawk Industries by 96.3% in the third quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock worth $120,837,000 after purchasing an additional 459,700 shares during the period. Candlestick Capital Management LP acquired a new position in Mohawk Industries in the third quarter worth $53,320,000. Finally, Freestone Grove Partners LP acquired a new position in Mohawk Industries in the third quarter worth $36,076,000. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

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.