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

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 1,000 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $112.33, for a total value of $112,330.00. Following the sale, the insider owned 76,093 shares of the company’s stock, valued at $8,547,526.69. This represents a 1.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Mohawk Industries Stock Down 0.1%

NYSE MHK opened at $112.50 on Friday. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $143.13. The company has a current ratio of 2.25, a quick ratio of 1.24 and a debt-to-equity ratio of 0.21. The stock has a market cap of $6.95 billion, a PE ratio of 16.74, a P/E/G ratio of 2.29 and a beta of 1.23. The stock’s 50 day moving average is $115.23 and its 200 day moving average is $117.17.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $2.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.01). The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the business earned $2.90 earnings per share. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. Research analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MHK has been the topic of a number of research reports. Vertical Research assumed coverage on shares of Mohawk Industries in a report on Monday, October 20th. They issued a “buy” rating on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research report on Friday, October 31st. Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Barclays set a $121.00 price target on Mohawk Industries in a report on Monday. Finally, Wells Fargo & Company decreased their price objective on Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating on the stock in a report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.54.

Hedge Funds Weigh In On Mohawk Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in Mohawk Industries by 73.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock valued at $200,922,000 after buying an additional 670,601 shares during the period. Alyeska Investment Group L.P. increased its position in Mohawk Industries by 436.4% during the first quarter. Alyeska Investment Group L.P. now owns 756,030 shares of the company’s stock valued at $86,324,000 after acquiring an additional 615,095 shares during the last quarter. Norges Bank bought a new position in Mohawk Industries during the second quarter valued at $48,276,000. Steadfast Capital Management LP raised its stake in shares of Mohawk Industries by 96.3% in 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. Finally, ARGA Investment Management LP lifted its holdings in shares of Mohawk Industries by 1,508.1% in the 3rd quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock worth $63,008,000 after acquiring an additional 458,349 shares during the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.