Mohawk Industries (NYSE:MHK) Insider Suzanne Helen Sells 1,000 Shares

Mohawk Industries, Inc. (NYSE:MHKGet Free Report) insider Suzanne Helen sold 1,000 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $139.48, for a total transaction of $139,480.00. Following the completion of the sale, the insider owned 6,132 shares in the company, valued at approximately $855,291.36. This trade represents a 14.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Mohawk Industries Trading Down 1.6%

NYSE MHK opened at $133.14 on Wednesday. Mohawk Industries, Inc. has a 12 month low of $92.99 and a 12 month high of $143.13. The stock has a market capitalization of $9.02 billion, a P/E ratio of 17.63, a PEG ratio of 2.07 and a beta of 1.18. The firm’s 50-day moving average is $118.63 and its two-hundred day moving average is $112.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13.

Mohawk Industries (NYSE:MHKGet Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $1.09. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the previous year, the firm earned $2.77 EPS. The business’s revenue was up 6.8% on a year-over-year basis. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, sell-side analysts anticipate that Mohawk Industries, Inc. will post 9.69 earnings per share for the current year.

Wall Street Analyst Weigh In

MHK has been the topic of a number of research reports. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Zacks Research raised Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Weiss Ratings upgraded shares of Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Truist Financial boosted their target price on shares of Mohawk Industries from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, Robert W. Baird raised their price target on Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $130.50.

Read Our Latest Stock Report on MHK

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MHK. BlackRock Inc. acquired a new stake in shares of Mohawk Industries in the 2nd quarter valued at about $777,293,000. Pzena Investment Management LLC purchased a new position in Mohawk Industries during the 2nd quarter worth approximately $138,661,000. Norges Bank acquired a new position in Mohawk Industries during the fourth quarter worth approximately $77,528,000. AQR Capital Management LLC lifted its stake in Mohawk Industries by 73.9% in the third quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock valued at $200,922,000 after buying an additional 670,601 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in Mohawk Industries in the second quarter valued at approximately $80,880,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Mohawk Industries (NYSE:MHK)

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