Suzanne Helen Sells 1,000 Shares of Mohawk Industries (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 1,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $139.48, for a total value of $139,480.00. Following the sale, the insider directly owned 6,132 shares of the company’s stock, valued at $855,291.36. The trade was a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mohawk Industries Price Performance

Shares of MHK opened at $135.26 on Thursday. The firm has a market capitalization of $9.16 billion, a PE ratio of 17.91, a P/E/G ratio of 1.96 and a beta of 1.18. The stock’s 50 day moving average is $119.30 and its two-hundred day moving average is $112.69. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $143.13. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, July 30th. The company reported $3.67 EPS 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 business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same period last year, the firm earned $2.77 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Research analysts anticipate that Mohawk Industries, Inc. will post 9.69 earnings per share for the current year.

Analysts Set New Price Targets

MHK has been the topic of several research analyst reports. Evercore set a $110.00 target price on shares of Mohawk Industries in a research report on Monday, May 4th. JPMorgan Chase & Co. lowered their price objective 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. Barclays raised their price target on Mohawk Industries from $109.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Wells Fargo & Company increased their price objective on Mohawk Industries from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Finally, Robert W. Baird boosted their target price on shares of Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $130.50.

Institutional Trading of Mohawk Industries

Several institutional investors have recently made changes to their positions in MHK. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Mohawk Industries during the 2nd quarter worth $25,000. Basecamp Wealth Advisors LLC raised its position 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 worth $26,000 after buying an additional 251 shares during the period. Bayforest Capital Ltd acquired a new position in Mohawk Industries in the fourth quarter valued at $27,000. Elevation Wealth Partners LLC boosted its holdings in Mohawk Industries by 122.2% in the second quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock valued at $27,000 after acquiring an additional 121 shares during the last quarter. Finally, Global Retirement Partners LLC grew 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 acquiring an additional 228 shares during the period. 78.98% of the stock is owned by hedge funds and other institutional investors.

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.