Mohawk Industries (NYSE:MHK) Director Sells $1,807,787.14 in Stock

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

Mohawk Industries Price Performance

NYSE MHK opened at $135.87 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. The company has a market cap of $9.20 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.01 and a beta of 1.18. Mohawk Industries, Inc. has a 52 week low of $92.99 and a 52 week high of $143.13. The firm’s 50-day simple moving average is $114.17 and its two-hundred day simple moving average is $111.91.

Mohawk Industries (NYSE:MHKGet Free Report) last posted its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, topping the consensus estimate of $2.58 by $1.09. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.79 billion. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $2.77 earnings per share. 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.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MHK. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Mohawk Industries during the 2nd quarter valued at $25,000. Elevation Wealth Partners LLC raised its position in shares of Mohawk Industries by 122.2% in the second quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock worth $27,000 after buying an additional 121 shares in the last quarter. Bayforest Capital Ltd bought a new stake in Mohawk Industries during the fourth quarter valued at $27,000. Global Retirement Partners LLC boosted its stake in 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. Finally, Basecamp Wealth Advisors LLC grew its position in Mohawk Industries by 2,281.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock worth $26,000 after buying an additional 251 shares in the last quarter. 78.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Barclays lifted their price target on Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $121.00 price objective on shares of Mohawk Industries in a report on Tuesday. Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Finally, Weiss Ratings raised Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, Mohawk Industries has a consensus rating of “Hold” and an average target price of $130.50.

Read Our Latest Report on Mohawk Industries

Mohawk Industries Company Profile

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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.

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