Mohawk Industries (NYSE:MHK) Insider Sells $139,480.00 in Stock

Key Points

• Insider sale: Suzanne Helen sold 1,000 Mohawk Industries shares for $139,480, reducing her position by 14.02% to 6,132 shares.
• Quarterly performance: Mohawk reported quarterly EPS of $3.67, beating estimates by $1.09, while revenue rose 6.8% year over year to $2.99 billion.
• Market view: Shares recently traded at $133.14, while analysts maintain an average “Hold” rating and a $130.50 price target; institutional investors own nearly 79% of the stock.

Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) insider Suzanne Helen sold 1,000 shares of the company's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $139.48, for a total transaction of $139,480.00. Following the completion of the transaction, the insider owned 6,132 shares of the company's stock, valued at approximately $855,291.36. This trade represents a 14.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Mohawk Industries Stock Performance

Shares of NYSE:MHK traded down $2.20 during trading hours on Tuesday, hitting $133.14. The stock had a trading volume of 1,014,040 shares, compared to its average volume of 906,273. The stock's fifty day simple moving average is $118.11 and its 200 day simple moving average is $112.49. The firm has a market capitalization of $9.02 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 2.07 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.92. Mohawk Industries, Inc. has a 1-year low of $92.99 and a 1-year high of $143.13.

Mohawk Industries (NYSE:MHK - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $2.79 billion. During the same period in the previous year, the firm posted $2.77 earnings per share. The business's revenue was up 6.8% on a year-over-year basis. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Sell-side analysts anticipate that Mohawk Industries, Inc. will post 9.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mohawk Industries

A number of institutional investors and hedge funds have recently bought and sold shares of MHK. BlackRock Inc. acquired a new position in shares of Mohawk Industries in the 2nd quarter worth approximately $777,293,000. Pzena Investment Management LLC bought a new stake in Mohawk Industries during the second quarter worth approximately $138,661,000. Norges Bank bought a new stake in Mohawk Industries during the fourth quarter worth approximately $77,528,000. AQR Capital Management LLC grew its position in Mohawk Industries by 73.9% in the third quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company's stock worth $200,922,000 after buying an additional 670,601 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Mohawk Industries in the second quarter valued at $80,880,000. 78.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MHK. Zacks Research upgraded shares of Mohawk Industries from a "strong sell" rating to a "hold" rating in a research note on Friday, June 19th. Weiss Ratings upgraded shares of Mohawk Industries from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. Robert W. Baird boosted their price target on shares of Mohawk Industries from $112.00 to $132.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $121.00 price objective on shares of Mohawk Industries in a report on Tuesday, August 4th. Finally, Wall Street Zen upgraded Mohawk Industries from a "hold" rating to a "buy" rating in a research report on Sunday, June 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Mohawk Industries currently has an average rating of "Hold" and an average target price of $130.50.

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.

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