Mohawk Industries (NYSE:MHK) Insider Sells $920,640.00 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $131.52, for a total value of $920,640.00. Following the completion of the sale, the insider owned 7,132 shares of the company’s stock, valued at $938,000.64. This trade represents a 49.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mohawk Industries Stock Performance

Shares of Mohawk Industries stock opened at $135.87 on Friday. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $143.13. The company has a market cap of $9.20 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.95 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. The business’s 50 day moving average price is $114.17 and its 200 day moving average price is $111.91.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, July 30th. The company reported $3.67 earnings per share 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 company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same quarter in the previous year, the company posted $2.77 earnings per share. The firm’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. On average, research analysts predict that Mohawk Industries, Inc. will post 9.69 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MHK shares. Wells Fargo & Company lifted their target price on shares of Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Zacks Research upgraded shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Robert W. Baird upped their price objective on Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Evercore set a $110.00 target price on Mohawk Industries in a research note on Monday, May 4th. One 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.com, Mohawk Industries presently has an average rating of “Hold” and an average price target of $130.50.

Hedge Funds Weigh In On Mohawk Industries

Several large investors have recently made changes to their positions in MHK. BlackRock Inc. acquired a new stake in shares of Mohawk Industries in the second quarter valued at $777,293,000. Pzena Investment Management LLC acquired a new position in Mohawk Industries during the 2nd quarter worth about $138,661,000. Norges Bank acquired a new position in Mohawk Industries during the 4th quarter worth about $77,528,000. AQR Capital Management LLC boosted its holdings in Mohawk Industries by 73.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock valued at $200,922,000 after acquiring an additional 670,601 shares during the period. Finally, Steadfast Capital Management LP grew its position in Mohawk Industries by 96.3% in the 3rd quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock valued at $120,837,000 after acquiring an additional 459,700 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

About Mohawk Industries

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.