Mohawk Industries (NYSE:MHK) Insider Suzanne Helen Sells 3,000 Shares

Mohawk Industries, Inc. (NYSE:MHKGet Free Report) insider Suzanne Helen sold 3,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $112.68, for a total value of $338,040.00. Following the completion of the sale, the insider directly owned 35,732 shares of the company’s stock, valued at approximately $4,026,281.76. This trade represents a 7.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Mohawk Industries Trading Down 0.0%

Shares of MHK stock traded down $0.05 on Tuesday, reaching $111.38. The company had a trading volume of 672,363 shares, compared to its average volume of 908,466. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21. The stock has a market cap of $6.79 billion, a PE ratio of 16.70, a PEG ratio of 2.67 and a beta of 1.20. The company has a 50-day moving average of $103.57 and a 200-day moving average of $110.82. Mohawk Industries, Inc. has a 12 month low of $92.99 and a 12 month high of $143.13.

Mohawk Industries (NYSE:MHKGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.Mohawk Industries’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, equities analysts forecast that Mohawk Industries, Inc. will post 8.67 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Rexford Capital Inc. increased its position in shares of Mohawk Industries by 10.1% in the fourth quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock worth $119,000 after purchasing an additional 100 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Mohawk Industries by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock worth $2,224,000 after purchasing an additional 100 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Mohawk Industries by 1.8% in the first quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock worth $560,000 after purchasing an additional 101 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Mohawk Industries by 7.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock worth $171,000 after purchasing an additional 105 shares during the period. Finally, Signaturefd LLC increased its position in shares of Mohawk Industries by 20.7% in the fourth quarter. Signaturefd LLC now owns 671 shares of the company’s stock worth $73,000 after purchasing an additional 115 shares during the period. Institutional investors own 78.98% of the company’s stock.

Analyst Ratings Changes

MHK has been the subject of several research analyst reports. Royal Bank Of Canada boosted their price objective on Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. UBS Group reissued a “neutral” rating and issued a $140.00 price objective on shares of Mohawk Industries in a report on Monday, February 16th. Zacks Research downgraded Mohawk Industries from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. Wall Street Zen downgraded Mohawk Industries from a “buy” rating to a “hold” rating in a report on Saturday. Finally, JPMorgan Chase & Co. cut their price target on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $123.33.

Get Our Latest Analysis 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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Insider Buying and Selling by Quarter for Mohawk Industries (NYSE:MHK)

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