Mohawk Industries (NYSE:MHK) Insider Suzanne Helen Sells 2,500 Shares

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

Mohawk Industries Price Performance

NYSE:MHK traded up $4.91 on Tuesday, reaching $114.44. The stock had a trading volume of 829,972 shares, compared to its average volume of 805,261. The company has a quick ratio of 1.24, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $7.08 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31. Mohawk Industries, Inc. has a 1-year low of $96.24 and a 1-year high of $143.47. The stock has a fifty day moving average price of $119.89 and a 200-day moving average price of $116.65.

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

Hedge Funds Weigh In On Mohawk Industries

Large investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC grew its holdings in Mohawk Industries by 115.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 772 shares of the company’s stock worth $100,000 after acquiring an additional 414 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of Mohawk Industries during the third quarter worth $687,000. Caerus Investment Advisors LLC acquired a new stake in shares of Mohawk Industries during the third quarter worth $340,000. Captrust Financial Advisors increased its holdings in Mohawk Industries by 91.9% in the third quarter. Captrust Financial Advisors now owns 11,792 shares of the company’s stock valued at $1,520,000 after purchasing an additional 5,647 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in Mohawk Industries in the third quarter valued at about $216,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MHK has been the topic of a number of recent analyst reports. Wells Fargo & Company reissued a “neutral” rating and issued a $130.00 price objective on shares of Mohawk Industries in a research note on Monday, October 27th. Robert W. Baird lifted their price target on Mohawk Industries from $130.00 to $142.00 and gave the company an “outperform” rating in a report on Monday, July 28th. JPMorgan Chase & Co. increased their price objective on shares of Mohawk Industries from $139.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research report on Friday, October 31st. Finally, Evercore ISI reduced their target price on shares of 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 equities research 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. According to data from MarketBeat, Mohawk Industries currently has an average rating of “Moderate Buy” and an average target price of $138.00.

Mohawk Industries Company Profile

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.