Mohawk Industries (NYSE:MHK) Insider Sells $301,818.00 in Stock

Key Points

• Insider Suzanne Helen sold 2,200 shares of Mohawk Industries stock for a total of $301,818, decreasing her ownership by 2.51%.
• The company's stock traded down to $135.54 with a market cap of approximately $8.42 billion and a PE ratio of 18.03.
• Research firms have varying outlooks on Mohawk Industries, with price targets ranging from $123.00 to $142.00 and a consensus rating of "Moderate Buy."

Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) insider Suzanne L. Helen sold 2,200 shares of Mohawk Industries stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $137.19, for a total transaction of $301,818.00. Following the sale, the insider owned 85,493 shares of the company's stock, valued at approximately $11,728,784.67. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Mohawk Industries Price Performance

Shares of NYSE MHK traded down $2.42 during mid-day trading on Friday, reaching $130.35. 1,526,280 shares of the company were exchanged, compared to its average volume of 811,767. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $164.29. The company has a quick ratio of 1.18, a current ratio of 2.13 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $8.10 billion, a PE ratio of 17.33, a PEG ratio of 2.86 and a beta of 1.25. The company's 50 day moving average price is $125.24 and its 200 day moving average price is $113.23.

Mohawk Industries (NYSE:MHK - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $2.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.62 by $0.15. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.30%. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the firm posted $3.00 EPS. The firm's revenue was up .0% compared to the same quarter last year. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. Sell-side analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MHK has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on Mohawk Industries from $130.00 to $142.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Wells Fargo & Company boosted their price objective on shares of Mohawk Industries from $120.00 to $140.00 and gave the stock an "equal weight" rating in a report on Thursday, September 11th. Royal Bank Of Canada restated a "sector perform" rating and issued a $123.00 price objective (up from $119.00) on shares of Mohawk Industries in a report on Monday, July 28th. Evercore ISI lowered their price target on shares of Mohawk Industries from $124.00 to $123.00 and set an "in-line" rating for the company in a research note on Monday, July 28th. Finally, Barclays boosted their price target on shares of Mohawk Industries from $111.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $141.93.

Hedge Funds Weigh In On Mohawk Industries

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rexford Capital Inc. bought a new position in shares of Mohawk Industries during the second quarter valued at about $118,000. FORA Capital LLC bought a new position in Mohawk Industries during the 2nd quarter valued at approximately $371,000. Captrust Financial Advisors raised its position in Mohawk Industries by 47.8% during the 2nd quarter. Captrust Financial Advisors now owns 6,145 shares of the company's stock valued at $644,000 after purchasing an additional 1,986 shares during the last quarter. Vident Advisory LLC raised its holdings in shares of Mohawk Industries by 20.7% during the second quarter. Vident Advisory LLC now owns 12,101 shares of the company's stock valued at $1,269,000 after acquiring an additional 2,074 shares in the last quarter. Finally, Snowden Capital Advisors LLC raised its holdings in shares of Mohawk Industries by 24.4% during the second quarter. Snowden Capital Advisors LLC now owns 2,589 shares of the company's stock valued at $271,000 after acquiring an additional 508 shares in the last quarter. 78.98% of the stock is owned by institutional investors.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.