Suzanne Helen Sells 16,600 Shares of Mohawk Industries (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 16,600 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $112.97, for a total value of $1,875,302.00. Following the transaction, the insider owned 14,132 shares in the company, valued at approximately $1,596,492.04. This trade represents a 54.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Mohawk Industries Price Performance

Mohawk Industries stock traded up $4.66 during trading hours on Thursday, reaching $112.70. 1,156,860 shares of the stock were exchanged, compared to its average volume of 909,888. 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, Inc. has a twelve month low of $92.99 and a twelve month high of $143.13. The company has a market cap of $6.87 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 2.77 and a beta of 1.20. The stock has a 50 day moving average of $104.08 and a two-hundred day moving average of $110.74.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.80 by $0.10. The company had revenue of $2.73 billion during 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 business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Equities analysts expect that Mohawk Industries, Inc. will post 8.67 EPS for the current fiscal year.

Institutional Trading of Mohawk Industries

A number of hedge funds and other institutional investors have recently modified their holdings of MHK. Wilsey Asset Management Inc. boosted its stake in shares of Mohawk Industries by 11.5% during the fourth quarter. Wilsey Asset Management Inc. now owns 237,869 shares of the company’s stock valued at $25,999,000 after purchasing an additional 24,621 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Mohawk Industries by 3.4% during the third quarter. Schroder Investment Management Group now owns 837,556 shares of the company’s stock worth $107,978,000 after purchasing an additional 27,888 shares during the last quarter. Tabor Asset Management LP increased its stake in shares of Mohawk Industries by 35.5% in the third quarter. Tabor Asset Management LP now owns 69,068 shares of the company’s stock valued at $8,904,000 after buying an additional 18,088 shares during the period. UBS Group AG increased its stake in shares of Mohawk Industries by 6.1% in the fourth quarter. UBS Group AG now owns 227,068 shares of the company’s stock valued at $24,819,000 after buying an additional 13,090 shares during the period. Finally, Rafferty Asset Management LLC raised its holdings in Mohawk Industries by 101.1% in the 3rd quarter. Rafferty Asset Management LLC now owns 45,973 shares of the company’s stock valued at $5,927,000 after buying an additional 23,117 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MHK shares. Wells Fargo & Company reduced their target price on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Bank of America reissued a “neutral” rating and set a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. Truist Financial dropped their price objective on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Evercore set a $110.00 price objective on Mohawk Industries in a research note on Monday, May 4th. Finally, Wall Street Zen downgraded Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. One equities 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 stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $123.33.

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.