Mohawk Industries (NYSE:MHK) Insider Suzanne Helen Sells 1,852 Shares

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 1,852 shares of Mohawk Industries stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $108.02, for a total value of $200,053.04. Following the completion of the sale, the insider owned 39,622 shares of the company’s stock, valued at $4,279,968.44. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mohawk Industries Stock Down 0.0%

MHK opened at $111.38 on Wednesday. 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, Inc. has a 12 month low of $92.99 and a 12 month high of $143.13. The stock has a market capitalization of $6.79 billion, a price-to-earnings ratio of 16.70, a price-to-earnings-growth ratio of 2.76 and a beta of 1.20. The business has a 50-day moving average of $103.86 and a two-hundred day moving average of $110.79.

Mohawk Industries (NYSE:MHK) last issued its earnings results 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. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter in the previous year, the business earned $1.52 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, research analysts expect that Mohawk Industries, Inc. will post 8.67 earnings per share for the current year.

Hedge Funds Weigh In On Mohawk Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its holdings in Mohawk Industries by 51.3% in 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 raised its position in shares of Mohawk Industries by 129.3% in the 1st quarter. Essential Partners LLC now owns 1,892 shares of the company’s stock valued at $186,000 after purchasing an additional 1,067 shares in the last quarter. Bank of America Corp DE raised its position in shares of Mohawk Industries by 68.0% in the 1st quarter. Bank of America Corp DE now owns 444,345 shares of the company’s stock valued at $43,750,000 after purchasing an additional 179,925 shares in the last quarter. Kentucky Retirement Systems acquired a new position in shares of Mohawk Industries in the 1st quarter valued at approximately $496,000. Finally, Lodge Hill Capital LLC raised its position in shares of Mohawk Industries by 7.1% in the 1st quarter. Lodge Hill Capital LLC now owns 302,480 shares of the company’s stock valued at $29,782,000 after purchasing an additional 20,000 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Weiss Ratings cut Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. decreased their target price on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Royal Bank Of Canada boosted their target price on Mohawk Industries from $122.00 to $135.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Barclays decreased their target price on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Finally, Evercore set a $110.00 target price on Mohawk Industries in a report on Monday, May 4th. One research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.