Insider Selling: Mohawk Industries (NYSE:MHK) Insider Sells $100,322.31 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 957 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $104.83, for a total transaction of $100,322.31. Following the transaction, the insider owned 49,936 shares in the company, valued at approximately $5,234,790.88. This trade represents a 1.88% 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 Trading Down 0.1%

Shares of Mohawk Industries stock opened at $102.73 on Monday. Mohawk Industries, Inc. has a 52-week low of $92.99 and a 52-week high of $143.13. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21. The company’s 50-day simple moving average is $102.46 and its 200-day simple moving average is $110.87. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 2.55 and a beta of 1.20.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the business posted $1.52 earnings per share. The business’s revenue 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, equities research analysts anticipate that Mohawk Industries, Inc. will post 8.67 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Evercore set a $110.00 target price on shares of Mohawk Industries in a research report on Monday, May 4th. Truist Financial lowered their target price on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Wells Fargo & Company lowered their target price on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Royal Bank Of Canada upped their target price on shares of Mohawk Industries from $122.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 17th. Finally, Weiss Ratings lowered shares of Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Mohawk Industries presently has a consensus rating of “Hold” and a consensus price target of $123.33.

Hedge Funds Weigh In On Mohawk Industries

Institutional investors and hedge funds have recently modified their holdings of the company. Bayforest Capital Ltd purchased a new position in shares of Mohawk Industries during the fourth quarter valued at approximately $27,000. Global Retirement Partners LLC lifted its stake in shares of Mohawk Industries by 950.0% during the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after buying an additional 228 shares during the period. Transamerica Financial Advisors LLC lifted its stake in shares of Mohawk Industries by 216.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock valued at $30,000 after buying an additional 188 shares during the period. SJS Investment Consulting Inc. raised its stake in Mohawk Industries by 105.7% during the first quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock worth $32,000 after purchasing an additional 166 shares during the period. Finally, Salomon & Ludwin LLC purchased a new position in Mohawk Industries during the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

About Mohawk Industries

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.