Insider Selling: Mohawk Industries (NYSE:MHK) Insider Sells 3,500 Shares of Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 3,500 shares of the stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $110.36, for a total value of $386,260.00. Following the sale, the insider owned 70,593 shares in the company, valued at approximately $7,790,643.48. This trade represents a 4.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Mohawk Industries Trading Down 0.9%

NYSE:MHK traded down $1.04 on Wednesday, reaching $109.26. The stock had a trading volume of 1,087,769 shares, compared to its average volume of 810,828. The firm’s fifty day moving average is $114.69 and its two-hundred day moving average is $117.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 1.24. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 16.26, a P/E/G ratio of 2.26 and a beta of 1.23. Mohawk Industries, Inc. has a 12-month low of $96.24 and a 12-month high of $143.13.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, October 23rd. The company reported $2.67 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.01). Mohawk Industries had a return on equity of 6.97% and a net margin of 3.93%.The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the firm posted $2.90 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. 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 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on MHK shares. Evercore ISI lowered their price target on Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a report on Wednesday, November 19th. Wells Fargo & Company lowered their target price on shares of Mohawk Industries from $125.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday, October 31st. Finally, Barclays set a $121.00 price objective on shares of Mohawk Industries in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.79.

Institutional Investors Weigh In On Mohawk Industries

Several large investors have recently made changes to their positions in the business. Yousif Capital Management LLC boosted its position in Mohawk Industries by 1.1% during the 2nd quarter. Yousif Capital Management LLC now owns 8,374 shares of the company’s stock worth $878,000 after purchasing an additional 88 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Mohawk Industries by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock worth $2,224,000 after purchasing an additional 100 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its position in shares of Mohawk Industries by 22.6% in the third quarter. Resona Asset Management Co. Ltd. now owns 612 shares of the company’s stock worth $78,000 after buying an additional 113 shares during the period. AlphaQuest LLC boosted its position in shares of Mohawk Industries by 4.2% in the third quarter. AlphaQuest LLC now owns 2,774 shares of the company’s stock worth $358,000 after buying an additional 113 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in shares of Mohawk Industries by 4.1% in the third quarter. Hantz Financial Services Inc. now owns 2,912 shares of the company’s stock valued at $375,000 after buying an additional 116 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

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.