Mohawk Industries (NYSE:MHK) Insider Suzanne Helen Sells 800 Shares of Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 800 shares of the business’s stock in a transaction on Friday, September 18th. The stock was sold at an average price of $125.62, for a total transaction of $100,496.00. Following the transaction, the insider directly owned 5,332 shares in the company, valued at $669,805.84. This trade represents a 13.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Mohawk Industries Price Performance

Shares of Mohawk Industries stock opened at $126.10 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13. The company has a market cap of $8.54 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.85 and a beta of 1.18. The firm has a fifty day moving average price of $126.39 and a two-hundred day moving average price of $113.03. Mohawk Industries, Inc. has a fifty-two week low of $92.99 and a fifty-two week high of $140.30.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, July 30th. The company reported $3.67 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $1.09. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the prior year, the business earned $2.77 earnings per share. The firm’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. Analysts expect that Mohawk Industries, Inc. will post 9.9 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Truist Financial upped their target price on Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Weiss Ratings raised shares of Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Wells Fargo & Company upped their target price on shares of 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, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $121.00 price target on shares of Mohawk Industries in a research note on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Mohawk Industries has an average rating of “Hold” and a consensus price target of $130.50.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC raised its position in Mohawk Industries by 15.6% in the 2nd 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 during the last quarter. Tidal Investments LLC increased its stake in shares of Mohawk Industries by 18.3% in the second quarter. Tidal Investments LLC now owns 61,723 shares of the company’s stock valued at $7,489,000 after buying an additional 9,558 shares in the last quarter. Allworth Financial LP increased its stake in shares of Mohawk Industries by 10.6% in the second quarter. Allworth Financial LP now owns 4,932 shares of the company’s stock valued at $598,000 after buying an additional 472 shares in the last quarter. Waverly Advisors LLC raised its holdings in shares of Mohawk Industries by 4.9% in the second 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 in the second quarter valued at about $946,000. Institutional investors own 78.98% of the company’s stock.

About Mohawk Industries

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.