Mohawk Industries (NYSE:MHK) Insider Suzanne Helen Sells 2,700 Shares

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 2,700 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $109.00, for a total value of $294,300.00. Following the completion of the transaction, the insider directly owned 67,893 shares in the company, valued at $7,400,337. This trade represents a 3.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mohawk Industries Stock Performance

Shares of NYSE:MHK traded down $1.04 during mid-day trading on Wednesday, reaching $109.26. 1,087,769 shares of the company traded hands, compared to its average volume of 810,828. The company’s 50 day moving average price is $114.69 and its 200-day moving average price is $117.51. The firm has a market cap of $6.75 billion, a PE ratio of 16.26, a PEG ratio of 2.26 and a beta of 1.23. Mohawk Industries, Inc. has a 52 week low of $96.24 and a 52 week high of $143.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 1.24.

Mohawk Industries (NYSE:MHK) last issued 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). Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the firm earned $2.90 EPS. Mohawk Industries’s revenue for the quarter was up 1.4% compared to the same quarter last year. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, equities analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on MHK. Evercore ISI lowered their price objective on Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 19th. Vertical Research started coverage on Mohawk Industries in a report on Monday, October 20th. They issued a “buy” rating on the stock. Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Raymond James Financial reiterated a “strong-buy” rating and set a $150.00 price objective (up previously from $140.00) on shares of Mohawk Industries in a research report on Tuesday, October 21st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $135.79.

Institutional Trading of Mohawk Industries

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

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.