Insider Selling: Mohawk Industries (NYSE:MHK) Insider Sells 1,000 Shares of Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 1,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $139.48, for a total value of $139,480.00. Following the sale, the insider directly owned 6,132 shares of the company’s stock, valued at approximately $855,291.36. This represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Mohawk Industries Trading Down 1.6%

Shares of NYSE:MHK traded down $2.20 during midday trading on Tuesday, reaching $133.14. The company had a trading volume of 1,014,040 shares, compared to its average volume of 906,273. The company has a fifty day simple moving average of $118.11 and a two-hundred day simple moving average of $112.49. The firm has a market cap of $9.02 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 2.07 and a beta of 1.18. Mohawk Industries, Inc. has a 1-year low of $92.99 and a 1-year high of $143.13. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.92.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $1.09. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the previous year, the company earned $2.77 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Research analysts predict that Mohawk Industries, Inc. will post 9.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MHK shares. Robert W. Baird upped their price target on shares of Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Truist Financial boosted their target price on shares of Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Wells Fargo & Company raised their target price on Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Zacks Research upgraded Mohawk Industries from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Finally, Evercore set a $110.00 price target on Mohawk Industries in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $130.50.

Institutional Investors Weigh In On Mohawk Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its stake in shares of Mohawk Industries by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock worth $39,369,000 after acquiring an additional 42,655 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Mohawk Industries by 0.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock valued at $22,148,000 after purchasing an additional 1,175 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Mohawk Industries in the 1st quarter worth about $149,000. Creative Planning increased its position in Mohawk Industries by 10.2% in the 2nd quarter. Creative Planning now owns 3,730 shares of the company’s stock worth $391,000 after purchasing an additional 346 shares during the last quarter. Finally, CW Advisors LLC purchased a new stake in shares of Mohawk Industries during the 2nd quarter worth about $280,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

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.