Mohawk Industries (NYSE:MHK) Insider Suzanne Helen Sells 1,852 Shares

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 1,852 shares of Mohawk Industries stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $108.02, for a total transaction of $200,053.04. Following the sale, the insider owned 39,622 shares in the company, valued at $4,279,968.44. This represents a 4.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Mohawk Industries Stock Down 0.0%

Shares of MHK traded down $0.05 during mid-day trading on Tuesday, reaching $111.38. 672,363 shares of the stock traded hands, compared to its average volume of 908,466. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 2.67 and a beta of 1.20. The stock has a fifty day simple moving average of $103.57 and a 200 day simple moving average of $110.82. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Sell-side analysts expect that Mohawk Industries, Inc. will post 8.67 EPS for the current fiscal year.

Hedge Funds Weigh In On Mohawk Industries

Several hedge funds and other institutional investors have recently modified their holdings of MHK. Norges Bank acquired a new position in shares of Mohawk Industries during the fourth quarter valued at $77,528,000. AQR Capital Management LLC boosted its holdings in shares of Mohawk Industries by 73.9% during the third quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock valued at $200,922,000 after acquiring an additional 670,601 shares during the period. Steadfast Capital Management LP boosted its holdings in shares of Mohawk Industries by 96.3% during the third quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock valued at $120,837,000 after acquiring an additional 459,700 shares during the period. Candlestick Capital Management LP acquired a new position in shares of Mohawk Industries during the third quarter valued at $53,320,000. Finally, Freestone Grove Partners LP acquired a new position in shares of Mohawk Industries during the third quarter valued at $36,076,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $109.00 price target on shares of Mohawk Industries in a research note on Tuesday, May 5th. Robert W. Baird dropped their price target on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Zacks Research lowered shares of Mohawk Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Evercore set a $110.00 target price on shares of Mohawk Industries in a research note on Monday, May 4th. Finally, UBS Group reiterated a “neutral” rating and set a $140.00 target price on shares of Mohawk Industries in a research note on Monday, February 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.