Insider Selling: Mohawk Industries (NYSE:MHK) Insider Sells $559,600.00 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 5,000 shares of Mohawk Industries stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $111.92, for a total transaction of $559,600.00. Following the completion of the transaction, the insider owned 30,732 shares in the company, valued at approximately $3,439,525.44. This trade represents a 13.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Mohawk Industries Price Performance

Shares of NYSE:MHK traded up $4.66 on Thursday, reaching $112.70. 1,156,860 shares of the company traded hands, compared to its average volume of 909,888. Mohawk Industries, Inc. has a fifty-two week low of $92.99 and a fifty-two week high of $143.13. The company’s 50 day moving average is $104.08 and its 200-day moving average is $110.74. The stock has a market capitalization of $6.87 billion, a PE ratio of 16.90, a P/E/G ratio of 2.77 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.10. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.74 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The company’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. As a group, analysts anticipate that Mohawk Industries, Inc. will post 8.67 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Barclays dropped their price target on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Truist Financial reduced their price objective on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft set a $109.00 target price on shares of Mohawk Industries in a report on Tuesday, May 5th. Evercore set a $110.00 price target on shares of Mohawk Industries in a report on Monday, May 4th. Finally, Robert W. Baird reduced their price target on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $123.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. acquired a new position in Mohawk Industries during the first quarter valued at $23,331,000. NewEdge Advisors LLC boosted its position in Mohawk Industries by 51.3% during the 1st quarter. NewEdge Advisors LLC now owns 3,278 shares of the company’s stock worth $323,000 after acquiring an additional 1,112 shares during the period. Essential Partners LLC boosted its position in Mohawk Industries by 129.3% during the 1st quarter. Essential Partners LLC now owns 1,892 shares of the company’s stock worth $186,000 after acquiring an additional 1,067 shares during the period. Bank of America Corp DE grew its stake in Mohawk Industries by 68.0% during the 1st quarter. Bank of America Corp DE now owns 444,345 shares of the company’s stock valued at $43,750,000 after acquiring an additional 179,925 shares in the last quarter. Finally, Kentucky Retirement Systems purchased a new position in Mohawk Industries during the 1st quarter valued at about $496,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

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.