Insider Selling: Mohawk Industries (NYSE:MHK) Insider Sells 800 Shares

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 800 shares of the company’s stock in a transaction that occurred on Friday, September 18th. The stock was sold at an average price of $125.62, for a total value of $100,496.00. Following the transaction, the insider directly owned 5,332 shares in the company, valued at approximately $669,805.84. This trade represents a 13.05% 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 Stock Down 1.8%

NYSE:MHK traded down $2.29 on Friday, hitting $126.10. The stock had a trading volume of 1,819,551 shares, compared to its average volume of 888,921. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. Mohawk Industries, Inc. has a 52 week low of $92.99 and a 52 week high of $140.30. The business’s fifty day moving average is $126.39 and its 200 day moving average is $113.03. The company has a market cap of $8.54 billion, a PE ratio of 16.70, a P/E/G ratio of 1.85 and a beta of 1.18.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.79 billion. During the same period in the prior year, the firm earned $2.77 earnings per share. 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. On average, equities research analysts expect that Mohawk Industries, Inc. will post 9.9 EPS for the current fiscal year.

Institutional Trading of Mohawk Industries

Several institutional investors have recently made changes to their positions in MHK. Sequoia Financial Advisors LLC lifted its position in shares of Mohawk Industries by 15.6% during the second quarter. Sequoia Financial Advisors LLC now owns 6,574 shares of the company’s stock valued at $798,000 after purchasing an additional 889 shares in the last quarter. Tidal Investments LLC grew its position in Mohawk Industries by 18.3% in the 2nd quarter. Tidal Investments LLC now owns 61,723 shares of the company’s stock worth $7,489,000 after purchasing an additional 9,558 shares in the last quarter. Allworth Financial LP grew its position in Mohawk Industries by 10.6% in the 2nd quarter. Allworth Financial LP now owns 4,932 shares of the company’s stock worth $598,000 after purchasing an additional 472 shares in the last quarter. Waverly Advisors LLC increased its stake in Mohawk Industries by 4.9% in the 2nd quarter. Waverly Advisors LLC now owns 7,691 shares of the company’s stock valued at $933,000 after buying an additional 361 shares during the last quarter. Finally, Empirical Finance LLC bought a new position in shares of Mohawk Industries during the 2nd quarter worth approximately $946,000. Institutional investors own 78.98% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on MHK shares. Truist Financial raised their price objective on shares of Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Wells Fargo & Company boosted their target price on shares of Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Zacks Research upgraded shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $121.00 price target on shares of Mohawk Industries in a research report on Tuesday, August 4th. Finally, Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, Mohawk Industries currently has an average rating of “Hold” and an average target price of $130.50.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a global manufacturer and distributor of flooring products. The company serves residential and commercial customers through a broad portfolio that includes carpet, rugs, ceramic and porcelain tile, laminate, hardwood, luxury vinyl tile and other resilient flooring products.

Mohawk markets its products under brands that include Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean, IVC and Durkan. Its products are sold through home improvement retailers, independent flooring dealers, distributors, builders, commercial contractors and other channels.

The company was formed in 1988 through the merger of Mohasco Corporation and Aladdin Mills and is headquartered in Calhoun, Georgia.