Suzanne Helen Sells 1,000 Shares of Mohawk Industries (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 1,000 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $112.33, for a total transaction of $112,330.00. Following the sale, the insider owned 76,093 shares of the company’s stock, valued at $8,547,526.69. This trade represents a 1.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Mohawk Industries Stock Down 0.1%

Shares of Mohawk Industries stock traded down $0.16 during trading hours on Friday, reaching $112.50. The company’s stock had a trading volume of 876,496 shares, compared to its average volume of 807,855. The company has a market capitalization of $6.95 billion, a P/E ratio of 16.74, a P/E/G ratio of 2.27 and a beta of 1.23. The stock’s fifty day simple moving average is $115.56 and its two-hundred day simple moving average is $117.09. Mohawk Industries, Inc. has a one year low of $96.24 and a one year high of $143.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 2.25.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $2.67 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($0.01). The business had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.73 billion. Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. Mohawk Industries’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.90 EPS. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, research analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Institutional Trading of Mohawk Industries

Hedge funds have recently made changes to their positions in the company. Yousif Capital Management LLC increased its holdings in Mohawk Industries by 1.1% in the 2nd quarter. Yousif Capital Management LLC now owns 8,374 shares of the company’s stock worth $878,000 after acquiring an additional 88 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Mohawk Industries by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock worth $2,224,000 after acquiring an additional 100 shares during the period. Resona Asset Management Co. Ltd. boosted its holdings in shares of Mohawk Industries by 22.6% in the third quarter. Resona Asset Management Co. Ltd. now owns 612 shares of the company’s stock worth $78,000 after acquiring an additional 113 shares during the period. AlphaQuest LLC grew its position in shares of Mohawk Industries by 4.2% in the third quarter. AlphaQuest LLC now owns 2,774 shares of the company’s stock valued at $358,000 after purchasing an additional 113 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of Mohawk Industries by 4.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,912 shares of the company’s stock valued at $375,000 after purchasing an additional 116 shares during the period. 78.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MHK shares. Barclays set a $121.00 price target on Mohawk Industries in a research report on Monday. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Vertical Research began coverage on shares of Mohawk Industries in a report on Monday, October 20th. They set a “buy” rating on the stock. Raymond James Financial reiterated a “strong-buy” rating and issued a $150.00 price objective (up previously from $140.00) on shares of Mohawk Industries in a research note on Tuesday, October 21st. Finally, Wells Fargo & Company cut their target price on Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Mohawk Industries has an average rating of “Moderate Buy” and a consensus price target of $137.54.

About Mohawk Industries

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.