Suzanne Helen Sells 3,000 Shares of Mohawk Industries (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 3,000 shares of Mohawk Industries stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $112.68, for a total value of $338,040.00. Following the sale, the insider directly owned 35,732 shares in the company, valued at approximately $4,026,281.76. The trade was a 7.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Mohawk Industries Stock Down 3.2%

Shares of NYSE MHK opened at $107.94 on Thursday. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.77 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. The stock’s 50-day simple moving average is $104.08 and its 200-day simple moving average is $110.74.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the company earned $1.52 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. As a group, equities analysts anticipate that Mohawk Industries, Inc. will post 8.67 earnings per share for the current fiscal year.

Institutional Trading of Mohawk Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in Mohawk Industries by 51.3% in the first quarter. NewEdge Advisors LLC now owns 3,278 shares of the company’s stock valued at $323,000 after acquiring an additional 1,112 shares during the period. Essential Partners LLC boosted its stake in Mohawk Industries by 129.3% in the first quarter. Essential Partners LLC now owns 1,892 shares of the company’s stock valued at $186,000 after acquiring an additional 1,067 shares during the period. Bank of America Corp DE boosted its stake in Mohawk Industries by 68.0% in the first quarter. Bank of America Corp DE now owns 444,345 shares of the company’s stock valued at $43,750,000 after acquiring an additional 179,925 shares during the period. Kentucky Retirement Systems acquired a new position in Mohawk Industries in the first quarter valued at approximately $496,000. Finally, Lodge Hill Capital LLC boosted its stake in Mohawk Industries by 7.1% in the first quarter. Lodge Hill Capital LLC now owns 302,480 shares of the company’s stock valued at $29,782,000 after acquiring an additional 20,000 shares during the period. 78.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MHK shares. Wells Fargo & Company lowered their price objective on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Truist Financial lowered their price objective on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Robert W. Baird lowered their price objective on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Bank of America reissued a “neutral” rating and issued a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. Finally, Zacks Research lowered Mohawk Industries from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Mohawk Industries currently has an average rating of “Hold” and a consensus price target of $123.33.

Mohawk Industries Company Profile

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.