Suzanne Helen Sells 800 Shares of Mohawk Industries (NYSE:MHK) Stock

Key Points

• Insider sale: Suzanne Helen sold 800 Mohawk Industries shares for approximately $100,496 at an average price of $125.62, reducing her ownership by 13.05% to 5,332 shares.
• Quarterly performance: Mohawk reported adjusted earnings of $3.67 per share and revenue of $2.99 billion, exceeding analyst estimates of $2.58 per share and $2.79 billion, respectively. Revenue increased 6.8% year over year.
• Market outlook: Shares recently traded near $126, while analysts maintain a consensus “Hold” rating with an average price target of $130.50; institutional investors own nearly 79% of the stock.

Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) insider Suzanne Helen sold 800 shares of the stock in a transaction on Friday, September 18th. The shares were sold at an average price of $125.62, for a total value of $100,496.00. Following the completion of the transaction, the insider owned 5,332 shares of the company's stock, valued at $669,805.84. The trade was a 13.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Mohawk Industries Price Performance

Shares of NYSE MHK traded down $2.29 during mid-day trading on Friday, hitting $126.10. 1,819,551 shares of the stock traded hands, compared to its average volume of 888,921. The company has a market cap of $8.54 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.85 and a beta of 1.18. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $140.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13. The firm has a 50 day simple moving average of $126.39 and a two-hundred day simple moving average of $113.03.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.58 by $1.09. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The business had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $2.79 billion. During the same quarter in the prior year, the firm earned $2.77 EPS. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. As a group, equities research analysts forecast that Mohawk Industries, Inc. will post 9.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Mohawk Industries

A number of hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC boosted its holdings in shares of Mohawk Industries by 15.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,574 shares of the company's stock worth $798,000 after buying an additional 889 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Mohawk Industries by 18.3% during the 2nd quarter. Tidal Investments LLC now owns 61,723 shares of the company's stock valued at $7,489,000 after acquiring an additional 9,558 shares during the period. Allworth Financial LP boosted its stake in Mohawk Industries by 10.6% during the second quarter. Allworth Financial LP now owns 4,932 shares of the company's stock worth $598,000 after acquiring an additional 472 shares in the last quarter. Waverly Advisors LLC grew its holdings in Mohawk Industries by 4.9% in the second quarter. Waverly Advisors LLC now owns 7,691 shares of the company's stock worth $933,000 after purchasing an additional 361 shares during the period. Finally, Empirical Finance LLC acquired a new stake in Mohawk Industries in the second quarter worth $946,000. 78.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MHK has been the topic of a number of research reports. Weiss Ratings raised shares of Mohawk Industries from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 6th. Wells Fargo & Company increased their price objective on Mohawk Industries from $115.00 to $125.00 and gave the company an "equal weight" rating in a report on Monday, August 3rd. Robert W. Baird raised their target price on Mohawk Industries from $112.00 to $132.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Royal Bank Of Canada raised their price objective on Mohawk Industries from $117.00 to $130.00 and gave the stock a "sector perform" rating in a research report on Monday, August 3rd. Finally, Zacks Research upgraded Mohawk Industries from a "strong sell" rating to a "hold" rating in a report on Friday, June 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, Mohawk Industries currently has a consensus rating of "Hold" and an average price target of $130.50.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a global manufacturer and distributor of flooring products. The company serves residential and commercial customers through a broad portfolio that includes carpet, rugs, ceramic and porcelain tile, laminate, hardwood, luxury vinyl tile and other resilient flooring products.

Mohawk markets its products under brands that include Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean, IVC and Durkan. Its products are sold through home improvement retailers, independent flooring dealers, distributors, builders, commercial contractors and other channels.

The company was formed in 1988 through the merger of Mohasco Corporation and Aladdin Mills and is headquartered in Calhoun, Georgia.

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