Mohawk Industries (NYSE:MHK) Director Sells $1,807,787.14 in Stock

Mohawk Industries, Inc. (NYSE:MHK) Director Bernard Thiers sold 13,393 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $134.98, for a total transaction of $1,807,787.14. Following the completion of the transaction, the director directly owned 93,633 shares of the company’s stock, valued at approximately $12,638,582.34. The trade was a 12.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mohawk Industries Price Performance

Shares of NYSE:MHK traded down $3.06 during trading on Thursday, hitting $132.62. 1,080,949 shares of the company were exchanged, compared to its average volume of 906,509. Mohawk Industries, Inc. has a 1-year low of $92.99 and a 1-year high of $143.13. The company has a market capitalization of $8.98 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 2.83 and a beta of 1.18. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $113.10 and its 200-day moving average is $111.67.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, beating the consensus estimate of $2.58 by $1.09. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter last year, the business posted $2.77 EPS. Mohawk Industries’s revenue for the quarter was up 6.8% on a year-over-year basis. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Equities analysts forecast that Mohawk Industries, Inc. will post 9.42 earnings per share for the current year.

Mohawk Industries News Roundup

Here are the key news stories impacting Mohawk Industries this week:

• Positive Sentiment: Truist raised its price target to $155 and maintained a Buy rating, signaling confidence in Mohawk’s earnings recovery and operating improvements. Truist price-target article
• Positive Sentiment: Analyst support is improving. Robert W. Baird increased its target to $132, while Wells Fargo raised its target to $125. However, both firms retained neutral or equal-weight ratings. Baird price-target article Wells Fargo price-target article
• Positive Sentiment: Mohawk’s momentum profile remains favorable. Zacks highlighted MHK as a highly rated momentum stock for long-term investors, reflecting its recent share-price performance and improving earnings outlook. Zacks momentum analysis
• Neutral Sentiment: Recent operating results provide support but raise execution questions. Mohawk’s latest quarter exceeded expectations, with EPS of $3.67 versus $2.58 expected and revenue of $2.99 billion versus $2.79 billion expected. Investors will focus on whether margin gains and productivity improvements can persist while housing and residential flooring demand remain weak.
• Negative Sentiment: Insider selling is the clearest near-term sentiment headwind. CEO Jeffrey S. Lorberbaum sold 59,078 shares worth approximately $7.77 million, sharply reducing his holdings. Insider Suzanne Helen sold 7,000 shares for $920,640, while CAO David Lee Repp sold 225 shares for $29,383. These sales are not necessarily fundamental signals, but may pressure the stock after its advance. CEO SEC filing Suzanne Helen SEC filing
• Negative Sentiment: Valuation and broad analyst caution could limit upside. The consensus rating remains “Hold,” and several targets are below recent trading levels. Weak housing activity remains a material risk to Mohawk’s recovery narrative.

Institutional Trading of Mohawk Industries

Several hedge funds and other institutional investors have recently bought and sold shares of MHK. Elevation Wealth Partners LLC lifted its holdings in shares of Mohawk Industries by 122.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock worth $27,000 after acquiring an additional 121 shares during the last quarter. Bayforest Capital Ltd bought a new stake in Mohawk Industries in the fourth quarter worth $27,000. Global Retirement Partners LLC boosted its position in Mohawk Industries by 950.0% during the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after buying an additional 228 shares during the period. Basecamp Wealth Advisors LLC lifted its stake in shares of Mohawk Industries by 2,281.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock valued at $26,000 after acquiring an additional 251 shares during the last quarter. Finally, Transamerica Financial Advisors LLC boosted its holdings in Mohawk Industries by 216.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock valued at $30,000 after acquiring an additional 188 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MHK shares. Bank of America reiterated a “neutral” rating and set a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. Zacks Research upgraded Mohawk Industries from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Royal Bank Of Canada raised their price target on shares of Mohawk Industries from $117.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $121.00 price target on shares of Mohawk Industries in a research report on Tuesday. Finally, Evercore set a $110.00 target price on Mohawk Industries in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mohawk Industries presently has a consensus rating of “Hold” and a consensus price target of $130.50.

About Mohawk Industries

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.