Insider Selling: Mohawk Industries (NYSE:MHK) Director Sells 10,000 Shares of Stock

Mohawk Industries, Inc. (NYSE:MHK) Director Bernard Thiers sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $128.21, for a total value of $1,282,100.00. Following the completion of the sale, the director owned 105,532 shares of the company’s stock, valued at approximately $13,530,257.72. This trade represents a 8.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Mohawk Industries Trading Down 2.9%

Shares of Mohawk Industries stock opened at $124.0860 on Thursday. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 0.21. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 2.78 and a beta of 1.28. The business has a fifty day simple moving average of $113.22 and a 200-day simple moving average of $111.03. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.77 earnings per share for the quarter, beating the consensus estimate of $2.62 by $0.15. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.76 billion. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.00 earnings per share. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. On average, equities analysts forecast that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MHK shares. Robert W. Baird upped their price objective on Mohawk Industries from $130.00 to $142.00 and gave the company an “outperform” rating in a report on Monday, July 28th. JPMorgan Chase & Co. boosted their target price on Mohawk Industries from $139.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Barclays boosted their price objective on Mohawk Industries from $111.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Wells Fargo & Company boosted their price objective on Mohawk Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Finally, Evercore ISI cut their price objective on Mohawk Industries from $124.00 to $123.00 and set an “in-line” rating on the stock in a report on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Mohawk Industries currently has a consensus rating of “Moderate Buy” and an average target price of $140.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Yousif Capital Management LLC boosted its position in Mohawk Industries by 1.1% during the second quarter. Yousif Capital Management LLC now owns 8,374 shares of the company’s stock valued at $878,000 after purchasing an additional 88 shares during the last quarter. Citadel Investment Advisory Inc. boosted its position in Mohawk Industries by 0.8% during the first quarter. Citadel Investment Advisory Inc. now owns 12,848 shares of the company’s stock valued at $1,467,000 after purchasing an additional 100 shares during the last quarter. Janus Henderson Group PLC boosted its position in Mohawk Industries by 0.5% during the fourth quarter. Janus Henderson Group PLC now owns 25,659 shares of the company’s stock valued at $3,054,000 after purchasing an additional 120 shares during the last quarter. M&T Bank Corp boosted its position in Mohawk Industries by 3.8% during the first quarter. M&T Bank Corp now owns 3,315 shares of the company’s stock valued at $378,000 after purchasing an additional 122 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in Mohawk Industries by 3.2% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,006 shares of the company’s stock valued at $457,000 after purchasing an additional 126 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.