Mohawk Industries (NYSE:MHK) Sets New 1-Year Low on Insider Selling

Mohawk Industries, Inc. (NYSE:MHK)’s stock price hit a new 52-week low on Thursday after an insider sold shares in the company. The company traded as low as $96.11 and last traded at $98.4190, with a volume of 1235236 shares. The stock had previously closed at $101.67.

Specifically, insider Suzanne L. Helen sold 2,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $103.31, for a total transaction of $206,620.00. Following the sale, the insider directly owned 58,893 shares of the company’s stock, valued at approximately $6,084,235.83. This represents a 3.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analyst Ratings Changes

MHK has been the subject of several recent analyst reports. Wolfe Research cut shares of Mohawk Industries from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Evercore set a $143.00 target price on shares of Mohawk Industries in a report on Tuesday, February 17th. UBS Group restated a “neutral” rating and issued a $140.00 target price on shares of Mohawk Industries in a research report on Monday, February 16th. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Finally, Truist Financial increased their price target on shares of Mohawk Industries from $148.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Mohawk Industries has an average rating of “Hold” and an average target price of $137.64.

Mohawk Industries Trading Down 3.2%

The business’s 50 day simple moving average is $120.37 and its two-hundred day simple moving average is $119.26. The stock has a market cap of $6.05 billion, a P/E ratio of 16.63, a PEG ratio of 1.62 and a beta of 1.19. The company has a quick ratio of 1.21, a current ratio of 2.19 and a debt-to-equity ratio of 0.21.

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

Hedge Funds Weigh In On Mohawk Industries

Large investors have recently bought and sold shares of the company. Rexford Capital Inc. grew its holdings in shares of Mohawk Industries by 10.1% during 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 last quarter. Public Employees Retirement System of Ohio raised its holdings in Mohawk Industries by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock valued at $2,224,000 after buying an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Mohawk Industries by 7.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock worth $171,000 after buying an additional 105 shares during the period. Resona Asset Management Co. Ltd. boosted its position in Mohawk Industries by 22.6% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 612 shares of the company’s stock worth $78,000 after buying an additional 113 shares during the period. Finally, AlphaQuest LLC grew its holdings in Mohawk Industries by 4.2% during the 3rd quarter. AlphaQuest LLC now owns 2,774 shares of the company’s stock worth $358,000 after acquiring an additional 113 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors.

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.