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

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $97.80, for a total value of $293,400.00. Following the completion of the transaction, the insider directly owned 53,893 shares of the company’s stock, valued at approximately $5,270,735.40. This trade represents a 5.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Mohawk Industries Price Performance

MHK opened at $96.01 on Friday. The company’s 50-day simple moving average is $119.92 and its two-hundred day simple moving average is $118.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.21 and a current ratio of 2.19. The stock has a market capitalization of $5.90 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.53 and a beta of 1.19. Mohawk Industries, Inc. has a 52-week low of $95.16 and a 52-week high of $143.13.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, February 12th. The company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.02. Mohawk Industries had a net margin of 3.43% and a return on equity of 6.80%. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same period in the previous year, the business posted $1.95 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. As a group, analysts predict that Mohawk Industries, Inc. will post 9.8 EPS for the current year.

Hedge Funds Weigh In On Mohawk Industries

Hedge funds have recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in Mohawk Industries in the 3rd quarter valued at $25,000. Bayforest Capital Ltd bought a new position in shares of Mohawk Industries during the 4th quarter valued at about $27,000. Global Retirement Partners LLC boosted its holdings in shares of Mohawk Industries by 950.0% during the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after purchasing an additional 228 shares during the last quarter. Quent Capital LLC purchased a new position in shares of Mohawk Industries during the third quarter valued at about $33,000. Finally, Transamerica Financial Advisors LLC increased its holdings in shares of Mohawk Industries by 216.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after purchasing an additional 188 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MHK has been the subject of a number of research reports. Royal Bank Of Canada boosted their target price on shares of Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Wolfe Research downgraded Mohawk Industries from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Robert W. Baird set a $156.00 price objective on Mohawk Industries in a research report on Tuesday, February 17th. Wells Fargo & Company increased their target price on Mohawk Industries from $110.00 to $125.00 and gave the company a “cautious” rating in a report on Wednesday, February 11th. Finally, Truist Financial raised their target price on Mohawk Industries from $148.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $137.64.

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.