Mohawk Industries (NYSE:MHK) Insider Suzanne Helen Sells 900 Shares of Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 900 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $110.36, for a total transaction of $99,324.00. Following the completion of the sale, the insider owned 84,128 shares of the company’s stock, valued at $9,284,366.08. This trade represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Mohawk Industries Trading Down 0.4%

Shares of MHK stock opened at $110.79 on Wednesday. The firm has a 50 day moving average price of $127.64 and a two-hundred day moving average price of $116.39. The company has a quick ratio of 1.24, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $6.85 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31. Mohawk Industries, Inc. has a 12-month low of $96.24 and a 12-month high of $148.57.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $2.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.01). The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.73 billion. Mohawk Industries had a return on equity of 6.97% and a net margin of 3.93%.The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $2.90 earnings per share. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. As a group, analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MHK. Evercore ISI set a $124.00 price objective on shares of Mohawk Industries in a research report on Monday, October 27th. JPMorgan Chase & Co. raised their price objective on shares of Mohawk Industries from $139.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research report on Friday, October 31st. Vertical Research assumed coverage on shares of Mohawk Industries in a report on Monday, October 20th. They set a “buy” rating on the stock. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $150.00 target price (up from $140.00) on shares of Mohawk Industries in a report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.46.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC bought a new position in Mohawk Industries in the third quarter valued at approximately $25,000. Federated Hermes Inc. increased its stake in Mohawk Industries by 326.3% in the first quarter. Federated Hermes Inc. now owns 243 shares of the company’s stock valued at $28,000 after acquiring an additional 186 shares during the last quarter. MTM Investment Management LLC bought a new position in Mohawk Industries in the second quarter valued at approximately $28,000. Quent Capital LLC bought a new position in Mohawk Industries in the third quarter valued at approximately $33,000. Finally, Brooklyn Investment Group increased its stake in Mohawk Industries by 2,506.3% in the first quarter. Brooklyn Investment Group now owns 417 shares of the company’s stock valued at $48,000 after acquiring an additional 401 shares during the last quarter. 78.98% of the stock is owned by institutional investors.

About Mohawk Industries

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.