Mohawk Industries (NYSE:MHK) Insider Sells $50,061.00 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 370 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $135.30, for a total transaction of $50,061.00. Following the sale, the insider owned 88,414 shares in the company, valued at approximately $11,962,414.20. This represents a 0.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Mohawk Industries Trading Down 2.5%

Shares of Mohawk Industries stock opened at $136.32 on Friday. The firm has a 50-day simple moving average of $123.33 and a two-hundred day simple moving average of $112.72. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.18 and a current ratio of 2.13. Mohawk Industries, Inc. has a fifty-two week low of $96.24 and a fifty-two week high of $164.29. The company has a market cap of $8.47 billion, a P/E ratio of 18.13, a price-to-earnings-growth ratio of 3.04 and a beta of 1.25.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results 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 firm 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%.Mohawk Industries’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.00 EPS. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. As a group, equities analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MHK shares. Wells Fargo & Company lifted their price target on shares of Mohawk Industries from $120.00 to $140.00 and gave the company an “equal weight” rating in a research note on Thursday. Robert W. Baird boosted their target price on shares of Mohawk Industries from $130.00 to $142.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Evercore ISI decreased their price target on shares of Mohawk Industries from $124.00 to $123.00 and set an “in-line” rating on the stock in a research note on Monday, July 28th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $123.00 price objective (up from $119.00) on shares of Mohawk Industries in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. raised their target price on Mohawk Industries from $139.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $141.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MHK. Rexford Capital Inc. acquired a new stake in shares of Mohawk Industries in the second quarter valued at approximately $118,000. FORA Capital LLC purchased a new stake in Mohawk Industries in the 2nd quarter valued at $371,000. Captrust Financial Advisors increased its stake in shares of Mohawk Industries by 47.8% in the 2nd quarter. Captrust Financial Advisors now owns 6,145 shares of the company’s stock worth $644,000 after acquiring an additional 1,986 shares during the last quarter. Vident Advisory LLC raised its holdings in shares of Mohawk Industries by 20.7% during the 2nd quarter. Vident Advisory LLC now owns 12,101 shares of the company’s stock worth $1,269,000 after acquiring an additional 2,074 shares during the period. Finally, Snowden Capital Advisors LLC raised its holdings in shares of Mohawk Industries by 24.4% during the 2nd quarter. Snowden Capital Advisors LLC now owns 2,589 shares of the company’s stock worth $271,000 after acquiring an additional 508 shares during the period. 78.98% of the stock is currently 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.