Bernard Thiers Sells 13,393 Shares of Mohawk Industries (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK) Director Bernard Thiers sold 13,393 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $134.98, for a total transaction of $1,807,787.14. Following the completion of the transaction, the director directly owned 93,633 shares of the company’s stock, valued at $12,638,582.34. This represents a 12.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Mohawk Industries Stock Performance

Shares of MHK traded down $3.06 during midday trading on Thursday, reaching $132.62. The stock had a trading volume of 1,080,949 shares, compared to its average volume of 906,509. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. The firm has a 50 day simple moving average of $113.10 and a 200-day simple moving average of $111.67. The firm has a market cap of $8.98 billion, a PE ratio of 17.57, a P/E/G ratio of 2.83 and a beta of 1.18. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $143.13.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, July 30th. The company reported $3.67 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $1.09. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.Mohawk Industries’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $2.77 earnings per share. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. As a group, sell-side analysts anticipate that Mohawk Industries, Inc. will post 9.42 EPS for the current year.

Mohawk Industries News Roundup

Here are the key news stories impacting Mohawk Industries this week:

• Positive Sentiment: Truist raised its price target to $155 and maintained a Buy rating, signaling confidence in Mohawk’s earnings recovery and operating improvements. Truist price-target article
• Positive Sentiment: Analyst support is improving. Robert W. Baird increased its target to $132, while Wells Fargo raised its target to $125. However, both firms retained neutral or equal-weight ratings. Baird price-target article Wells Fargo price-target article
• Positive Sentiment: Mohawk’s momentum profile remains favorable. Zacks highlighted MHK as a highly rated momentum stock for long-term investors, reflecting its recent share-price performance and improving earnings outlook. Zacks momentum analysis
• Neutral Sentiment: Recent operating results provide support but raise execution questions. Mohawk’s latest quarter exceeded expectations, with EPS of $3.67 versus $2.58 expected and revenue of $2.99 billion versus $2.79 billion expected. Investors will focus on whether margin gains and productivity improvements can persist while housing and residential flooring demand remain weak.
• Negative Sentiment: Insider selling is the clearest near-term sentiment headwind. CEO Jeffrey S. Lorberbaum sold 59,078 shares worth approximately $7.77 million, sharply reducing his holdings. Insider Suzanne Helen sold 7,000 shares for $920,640, while CAO David Lee Repp sold 225 shares for $29,383. These sales are not necessarily fundamental signals, but may pressure the stock after its advance. CEO SEC filing Suzanne Helen SEC filing
• Negative Sentiment: Valuation and broad analyst caution could limit upside. The consensus rating remains “Hold,” and several targets are below recent trading levels. Weak housing activity remains a material risk to Mohawk’s recovery narrative.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MHK shares. Evercore set a $110.00 price objective on shares of Mohawk Industries in a research report on Monday, May 4th. JPMorgan Chase & Co. dropped their price objective on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Zacks Research upgraded shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $121.00 target price on shares of Mohawk Industries in a report on Tuesday. Finally, Barclays increased their price target on shares of Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday. One equities research 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $130.50.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Basecamp Wealth Advisors LLC boosted its holdings in shares of Mohawk Industries by 2,281.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock valued at $26,000 after purchasing an additional 251 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of Mohawk Industries during the 4th quarter worth $27,000. Elevation Wealth Partners LLC boosted its stake in Mohawk Industries by 122.2% in the second quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock valued at $27,000 after buying an additional 121 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Mohawk Industries by 950.0% in 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 in the last quarter. Finally, Transamerica Financial Advisors LLC grew its position in Mohawk Industries by 216.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock valued at $30,000 after acquiring an additional 188 shares during the last quarter. 78.98% of the stock is owned by institutional investors.

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.