Suzanne Helen Sells 890 Shares of Mohawk Industries (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 890 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $112.20, for a total transaction of $99,858.00. Following the completion of the transaction, the insider directly owned 38,732 shares of the company’s stock, valued at approximately $4,345,730.40. This represents a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Mohawk Industries Trading Down 3.2%

NYSE MHK opened at $107.94 on Thursday. The stock has a market cap of $6.58 billion, a P/E ratio of 16.18, a P/E/G ratio of 2.77 and a beta of 1.20. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13. The company has a fifty day simple moving average of $104.08 and a two-hundred day simple moving average of $110.74. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, analysts forecast that Mohawk Industries, Inc. will post 8.67 earnings per share for the current year.

Analysts Set New Price Targets

MHK has been the topic of a number of research reports. Bank of America reiterated a “neutral” rating and issued a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. 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 price objective on shares of Mohawk Industries in a research note on Monday, May 4th. Weiss Ratings lowered shares of Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. Finally, Wells Fargo & Company dropped their price target on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. One 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $123.33.

Hedge Funds Weigh In On Mohawk Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bayforest Capital Ltd purchased a new position in Mohawk Industries during the fourth quarter valued at $27,000. Global Retirement Partners LLC lifted its holdings 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 purchasing an additional 228 shares in the last quarter. Transamerica Financial Advisors LLC lifted its holdings in Mohawk Industries by 216.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock valued at $30,000 after purchasing an additional 188 shares in the last quarter. SJS Investment Consulting Inc. lifted its holdings in Mohawk Industries by 105.7% during the first quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock valued at $32,000 after purchasing an additional 166 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new position in Mohawk Industries during the fourth quarter valued at $43,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

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.