Mohawk Industries (NYSE:MHK) Insider Sells 1,150 Shares

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 1,150 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $110.37, for a total transaction of $126,925.50. Following the completion of the transaction, the insider directly owned 77,093 shares of the company’s stock, valued at approximately $8,508,754.41. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Mohawk Industries Stock Performance

MHK stock traded down $0.16 during midday trading on Friday, reaching $112.50. 876,496 shares of the company’s stock traded hands, compared to its average volume of 807,855. The firm has a market capitalization of $6.95 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 2.27 and a beta of 1.23. The company has a 50-day moving average price of $115.56 and a two-hundred day moving average price of $117.09. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week 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.

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

Wall Street Analyst Weigh In

MHK has been the topic of a number of analyst reports. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. 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. Evercore ISI dropped their price objective on Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a research note on Wednesday, November 19th. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research report on Friday, October 31st. Finally, Vertical Research began coverage on Mohawk Industries in a report on Monday, October 20th. They issued a “buy” rating on the stock. One 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $137.54.

Institutional Trading of Mohawk Industries

Large investors have recently bought and sold shares of the company. Root Financial Partners LLC purchased a new position in shares of Mohawk Industries in the 3rd quarter valued at approximately $25,000. MTM Investment Management LLC bought a new position in Mohawk Industries in the second quarter worth $28,000. Quent Capital LLC purchased a new position in Mohawk Industries during the third quarter valued at $33,000. Brooklyn Investment Group lifted its position in Mohawk Industries by 2,506.3% during the first quarter. Brooklyn Investment Group now owns 417 shares of the company’s stock valued at $48,000 after buying an additional 401 shares during the period. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of Mohawk Industries by 5,385.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 384 shares of the company’s stock valued at $50,000 after buying an additional 377 shares in the last quarter. 78.98% of the stock is owned by institutional investors.

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.