Insider Selling: Mohawk Industries (NYSE:MHK) Insider Sells 890 Shares of Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 890 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $112.20, for a total transaction of $99,858.00. Following the transaction, the insider owned 38,732 shares in the company, valued at approximately $4,345,730.40. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mohawk Industries Stock Performance

Shares of Mohawk Industries stock traded down $0.05 on Tuesday, reaching $111.38. 672,363 shares of the stock were exchanged, compared to its average volume of 908,466. Mohawk Industries, Inc. has a 1-year low of $92.99 and a 1-year high of $143.13. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average price of $103.57 and a two-hundred day moving average price of $110.82. The firm has a market capitalization of $6.79 billion, a PE ratio of 16.70, a PEG ratio of 2.67 and a beta of 1.20.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MHK shares. Barclays reduced their price target on shares of Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Evercore set a $110.00 price objective on shares of Mohawk Industries in a research note on Monday, May 4th. Weiss Ratings downgraded Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. Bank of America reaffirmed a “neutral” rating and set a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. Finally, Robert W. Baird decreased their price target on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Mohawk Industries has a consensus rating of “Hold” and an average price target of $123.33.

Institutional Trading of Mohawk Industries

Hedge funds have recently bought and sold shares of the company. Bayforest Capital Ltd bought a new stake in Mohawk Industries in the 4th quarter valued at about $27,000. Global Retirement Partners LLC lifted its position in Mohawk Industries by 950.0% in the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after purchasing an additional 228 shares during the last quarter. Transamerica Financial Advisors LLC lifted its position in Mohawk Industries by 216.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock valued at $30,000 after purchasing an additional 188 shares during the last quarter. SJS Investment Consulting Inc. lifted its position in Mohawk Industries by 105.7% in the 1st quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock valued at $32,000 after purchasing an additional 166 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in Mohawk Industries in the 4th quarter valued at about $43,000. 78.98% of the stock is currently owned by 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.