Insider Selling: Mohawk Industries (NYSE:MHK) Insider Sells $273,850.00 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $109.54, for a total value of $273,850.00. Following the completion of the sale, the insider owned 79,878 shares of the company’s stock, valued at $8,749,836.12. This trade represents a 3.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mohawk Industries Stock Up 1.0%

Shares of MHK stock opened at $115.54 on Friday. Mohawk Industries, Inc. has a 1 year low of $96.24 and a 1 year high of $143.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 2.25. The business’s fifty day moving average is $118.78 and its 200-day moving average is $116.69. The stock has a market cap of $7.14 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $2.67 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.01). The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.73 billion. Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.90 EPS. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. Equities analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on MHK shares. Wells Fargo & Company reaffirmed a “neutral” rating and issued a $130.00 price objective on shares of Mohawk Industries in a research note on Monday, October 27th. Vertical Research began coverage on shares of Mohawk Industries in a report on Monday, October 20th. They set a “buy” rating for the company. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $150.00 price target (up previously from $140.00) on shares of Mohawk Industries in a report on Tuesday, October 21st. Barclays reduced their price objective on Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating for the company in a research note on Monday, October 27th. Finally, Evercore ISI cut their target price on Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mohawk Industries has an average rating of “Moderate Buy” and an average price target of $138.00.

Institutional Trading of Mohawk Industries

Several large investors have recently added to or reduced their stakes in the company. HB Wealth Management LLC acquired a new stake in shares of Mohawk Industries in the first quarter worth $235,000. Empirical Finance LLC boosted its position in Mohawk Industries by 9.5% during the 1st quarter. Empirical Finance LLC now owns 1,953 shares of the company’s stock worth $223,000 after acquiring an additional 170 shares during the period. one8zero8 LLC acquired a new stake in Mohawk Industries during the 1st quarter worth about $311,000. Mackenzie Financial Corp grew its stake in Mohawk Industries by 73.2% during the 1st quarter. Mackenzie Financial Corp now owns 3,117 shares of the company’s stock valued at $356,000 after acquiring an additional 1,317 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Mohawk Industries by 326.3% in the 1st quarter. Federated Hermes Inc. now owns 243 shares of the company’s stock valued at $28,000 after purchasing an additional 186 shares during the period. 78.98% of the stock is owned by institutional investors and hedge funds.

About Mohawk Industries

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.