Suzanne Helen Sells 16,600 Shares of Mohawk Industries (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 16,600 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the transaction, the insider directly owned 14,132 shares of the company’s stock, valued at $1,596,492.04. The trade was a 54.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Mohawk Industries Trading Up 4.3%

Shares of NYSE:MHK traded up $4.66 during mid-day trading on Thursday, reaching $112.70. 1,156,860 shares of the company’s stock were exchanged, compared to its average volume of 909,888. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $143.13. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 2.77 and a beta of 1.20. The business’s fifty day moving average price is $104.08 and its 200-day moving average price is $110.74.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.74 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.Mohawk Industries’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, research analysts predict that Mohawk Industries, Inc. will post 8.67 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MHK. Robert W. Baird lowered their price objective on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Weiss Ratings cut Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 21st. Wells Fargo & Company decreased their target price on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft set a $109.00 price target on shares of Mohawk Industries in a report on Tuesday, May 5th. Finally, Wall Street Zen downgraded shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $123.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MHK. Wilsey Asset Management Inc. grew its stake in Mohawk Industries by 11.5% during the fourth quarter. Wilsey Asset Management Inc. now owns 237,869 shares of the company’s stock worth $25,999,000 after purchasing an additional 24,621 shares during the period. Schroder Investment Management Group lifted its stake in Mohawk Industries by 3.4% in the third quarter. Schroder Investment Management Group now owns 837,556 shares of the company’s stock valued at $107,978,000 after buying an additional 27,888 shares during the period. Tabor Asset Management LP lifted its stake in Mohawk Industries by 35.5% in the third quarter. Tabor Asset Management LP now owns 69,068 shares of the company’s stock valued at $8,904,000 after buying an additional 18,088 shares during the period. UBS Group AG boosted its holdings in shares of Mohawk Industries by 6.1% during the 4th quarter. UBS Group AG now owns 227,068 shares of the company’s stock worth $24,819,000 after buying an additional 13,090 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in shares of Mohawk Industries by 101.1% during the 3rd quarter. Rafferty Asset Management LLC now owns 45,973 shares of the company’s stock worth $5,927,000 after buying an additional 23,117 shares in the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

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.