Mohawk Industries (NYSE:MHK) Insider Sells $595,165.02 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 5,658 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $105.19, for a total transaction of $595,165.02. Following the transaction, the insider directly owned 61,935 shares in the company, valued at approximately $6,514,942.65. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Mohawk Industries Trading Down 0.5%

NYSE:MHK opened at $102.47 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 2.19, a quick ratio of 1.21 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 1.64 and a beta of 1.19. The firm has a fifty day simple moving average of $121.10 and a two-hundred day simple moving average of $120.10.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, February 12th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.02. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.68 billion. Mohawk Industries had a net margin of 3.43% and a return on equity of 6.80%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 earnings per share. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. Analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Mohawk Industries

Several institutional investors have recently modified their holdings of the business. Atlas FRM LLC increased its holdings in Mohawk Industries by 28.0% during the second quarter. Atlas FRM LLC now owns 608,000 shares of the company’s stock worth $63,743,000 after buying an additional 133,000 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new position in Mohawk Industries in the third quarter valued at about $20,054,000. ARGA Investment Management LP grew its position in shares of Mohawk Industries by 1,508.1% during the 3rd quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock valued at $63,008,000 after acquiring an additional 458,349 shares during the period. Schroder Investment Management Group grew its position in shares of Mohawk Industries by 3.4% during the 3rd quarter. Schroder Investment Management Group now owns 837,556 shares of the company’s stock valued at $107,978,000 after acquiring an additional 27,888 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Mohawk Industries by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,829,830 shares of the company’s stock worth $235,902,000 after purchasing an additional 9,516 shares during the last quarter. 78.98% of the stock is owned by institutional investors.

Analyst Ratings Changes

MHK has been the topic of several recent research reports. Royal Bank Of Canada increased their price target on Mohawk Industries from $122.00 to $135.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Wolfe Research downgraded Mohawk Industries from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Barclays set a $121.00 target price on Mohawk Industries in a research report on Monday, December 8th. Jefferies Financial Group cut their target price on Mohawk Industries from $134.00 to $128.00 and set a “hold” rating on the stock in a report on Monday, December 15th. Finally, Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mohawk Industries has a consensus rating of “Hold” and a consensus target price of $137.64.

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.