Insider Selling: Mohawk Industries (NYSE:MHK) Insider Sells $99,858.00 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 890 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $112.20, for a total transaction of $99,858.00. Following the sale, the insider owned 38,732 shares in the company, valued at $4,345,730.40. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mohawk Industries Stock Up 4.3%

Shares of MHK opened at $112.70 on Friday. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $143.13. The firm has a 50 day simple moving average of $104.38 and a two-hundred day simple moving average of $110.71. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23. The company has a market cap of $6.87 billion, a P/E ratio of 16.90, a P/E/G ratio of 2.68 and a beta of 1.20.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Mohawk Industries during the 4th quarter valued at approximately $77,528,000. AQR Capital Management LLC raised its holdings in shares of Mohawk Industries by 73.9% in the 3rd quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock worth $200,922,000 after purchasing an additional 670,601 shares during the period. Steadfast Capital Management LP raised its holdings in shares of Mohawk Industries by 96.3% in the 3rd quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock worth $120,837,000 after purchasing an additional 459,700 shares during the period. Candlestick Capital Management LP purchased a new position in Mohawk Industries in the third quarter valued at approximately $53,320,000. Finally, Freestone Grove Partners LP bought a new position in Mohawk Industries during the third quarter valued at $36,076,000. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MHK has been the topic of several research analyst reports. Evercore set a $110.00 target price on Mohawk Industries in a research report on Monday, May 4th. Wells Fargo & Company lowered their target price on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. 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. Robert W. Baird reduced their price objective 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. Finally, Weiss Ratings lowered shares of Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Mohawk Industries currently has a consensus rating of “Hold” and an average price target of $123.33.

Mohawk Industries Company Profile

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.