Mohawk Industries (NYSE:MHK) Insider Sells $100,322.31 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 957 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $104.83, for a total transaction of $100,322.31. Following the sale, the insider owned 49,936 shares in the company, valued at $5,234,790.88. This trade represents a 1.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mohawk Industries Trading Down 2.4%

NYSE:MHK traded down $2.48 on Friday, reaching $102.73. 652,311 shares of the company’s stock were exchanged, compared to its average volume of 920,962. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 2.60 and a beta of 1.20. The business has a fifty day moving average of $102.45 and a 200-day moving average of $110.87. Mohawk Industries, Inc. has a 52-week low of $92.99 and a 52-week high of $143.13.

Mohawk Industries (NYSE:MHK) last issued its quarterly 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 net margin of 3.77% and a return on equity of 6.96%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. The business’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, analysts expect that Mohawk Industries, Inc. will post 8.67 earnings per share for the current year.

Hedge Funds Weigh In On Mohawk Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bayforest Capital Ltd acquired a new stake in shares of Mohawk Industries in the fourth quarter valued at approximately $27,000. Global Retirement Partners LLC lifted its holdings in shares of Mohawk Industries by 950.0% during the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after purchasing an additional 228 shares during the period. Transamerica Financial Advisors LLC lifted its holdings in shares of Mohawk Industries by 216.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after purchasing an additional 188 shares during the period. SJS Investment Consulting Inc. lifted its holdings in shares of Mohawk Industries by 105.7% during the first quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock worth $32,000 after purchasing an additional 166 shares during the period. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Mohawk Industries during the fourth quarter worth $43,000. 78.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group restated a “neutral” rating and set a $140.00 target price on shares of Mohawk Industries in a research note on Monday, February 16th. Robert W. Baird cut their target price on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Bank of America restated a “neutral” rating and set a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. JPMorgan Chase & Co. cut their target price on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company cut their target price on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus 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.