Mohawk Industries (NYSE:MHK) Shares Down 3.8% on Insider Selling

Mohawk Industries, Inc. (NYSE:MHK)’s stock price traded down 3.8% on Monday following insider selling activity. The stock traded as low as $119.35 and last traded at $121.3030. Approximately 212,463 shares changed hands during trading, a decline of 77% from the average daily volume of 909,058 shares. The stock had previously closed at $126.09.

Specifically, insider Suzanne L. Helen sold 800 shares of Mohawk Industries stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $125.62, for a total transaction of $100,496.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Lorberbaum sold 11,400 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $128.21, for a total transaction of $1,461,594.00. Following the sale, the chief executive officer directly owned 59,299 shares of the company’s stock, valued at approximately $7,602,724.79. The trade was a 16.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In other Mohawk Industries news, CEO Jeffrey Lorberbaum sold 11,475 shares of Mohawk Industries stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $128.97, for a total transaction of $1,479,930.75. Following the completion of the transaction, the chief executive officer owned 68,825 shares in the company, valued at approximately $8,876,360.25. The trade was a 14.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MHK. Weiss Ratings raised Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Barclays lifted their target price on Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $121.00 price target on shares of Mohawk Industries in a report on Tuesday, August 4th. Robert W. Baird raised their price objective on Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada lifted their price objective on shares of Mohawk Industries from $117.00 to $130.00 and gave the stock a “sector perform” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $130.50.

Mohawk Industries Price Performance

The business has a 50 day simple moving average of $126.39 and a 200-day simple moving average of $112.98. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.92. The stock has a market cap of $8.24 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.82 and a beta of 1.18.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $1.09. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.77 earnings per share. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, sell-side analysts forecast that Mohawk Industries, Inc. will post 9.9 EPS for the current year.

Institutional Trading of Mohawk Industries

A number of large investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Mohawk Industries in the second quarter valued at $25,000. Basecamp Wealth Advisors LLC grew its stake in shares of Mohawk Industries by 2,281.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock worth $26,000 after acquiring an additional 251 shares during the period. Elevation Wealth Partners LLC increased its holdings in Mohawk Industries by 122.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock worth $27,000 after acquiring an additional 121 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in Mohawk Industries by 105.7% in the 1st quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock worth $32,000 after acquiring an additional 166 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in Mohawk Industries in the 2nd quarter valued at about $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 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.