Mohawk Industries (NYSE:MHK) Insider Sells $126,925.50 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 1,150 shares of Mohawk Industries stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $110.37, for a total transaction of $126,925.50. Following the completion of the sale, the insider directly owned 77,093 shares in the company, valued at approximately $8,508,754.41. The trade was a 1.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Mohawk Industries Stock Down 0.1%

MHK opened at $112.50 on Monday. 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, Inc. has a 12 month low of $96.24 and a 12 month high of $143.13. The stock has a market capitalization of $6.95 billion, a P/E ratio of 16.74, a P/E/G ratio of 2.28 and a beta of 1.23. The business has a 50 day simple moving average of $115.23 and a 200-day simple moving average of $117.37.

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

Analysts Set New Price Targets

A number of analysts recently commented on MHK shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mohawk Industries in a research report on Friday, October 31st. Wells Fargo & Company lowered their price target on shares of Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating for the company in a report on Thursday, December 4th. Barclays set a $121.00 price objective on shares of Mohawk Industries in a research report on Monday, December 8th. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Vertical Research initiated coverage on Mohawk Industries in a report on Monday, October 20th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $137.54.

Hedge Funds Weigh In On Mohawk Industries

A number of large investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its holdings 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 valued at $200,922,000 after acquiring an additional 670,601 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of Mohawk Industries by 436.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 756,030 shares of the company’s stock worth $86,324,000 after purchasing an additional 615,095 shares during the period. Norges Bank purchased a new position in shares of Mohawk Industries in the 2nd quarter worth about $48,276,000. Steadfast Capital Management LP lifted its stake in shares of 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 purchasing an additional 459,700 shares in the last quarter. Finally, ARGA Investment Management LP grew its holdings in shares of Mohawk Industries by 1,508.1% during the 3rd quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock worth $63,008,000 after purchasing an additional 458,349 shares during the period. Hedge funds and other institutional investors own 78.98% of the company’s stock.

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.