Suzanne Helen Sells 16,600 Shares of Mohawk Industries (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 16,600 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total value of $1,875,302.00. Following the completion of the sale, the insider owned 14,132 shares of the company’s stock, valued at $1,596,492.04. The trade was a 54.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mohawk Industries Stock Up 0.4%

Shares of Mohawk Industries stock opened at $112.70 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. Mohawk Industries, Inc. has a 52-week low of $92.99 and a 52-week high of $143.13. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 2.79 and a beta of 1.20. The company’s 50 day moving average price is $104.62 and its 200-day moving average price is $110.73.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Equities research analysts forecast that Mohawk Industries, Inc. will post 8.67 EPS for the current year.

Institutional Investors Weigh In On Mohawk Industries

A number of large investors have recently modified their holdings of MHK. Dimensional Fund Advisors LP raised its stake in Mohawk Industries by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,219,318 shares of the company’s stock worth $316,962,000 after buying an additional 80,761 shares in the last quarter. State Street Corp boosted its position in Mohawk Industries by 2.1% during the 2nd quarter. State Street Corp now owns 1,915,831 shares of the company’s stock valued at $200,856,000 after acquiring an additional 39,556 shares in the last quarter. AQR Capital Management LLC boosted its position in Mohawk Industries by 15.9% during the 4th quarter. AQR Capital Management LLC now owns 1,829,347 shares of the company’s stock valued at $199,948,000 after acquiring an additional 251,012 shares in the last quarter. Pzena Investment Management LLC grew its holdings in shares of Mohawk Industries by 0.6% during the 4th quarter. Pzena Investment Management LLC now owns 1,186,400 shares of the company’s stock worth $129,674,000 after acquiring an additional 7,332 shares during the period. Finally, Brandes Investment Partners LP grew its holdings in shares of Mohawk Industries by 20.4% during the 4th quarter. Brandes Investment Partners LP now owns 1,102,574 shares of the company’s stock worth $120,513,000 after acquiring an additional 186,649 shares during the period. Institutional investors own 78.98% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on MHK shares. Wall Street Zen lowered shares of Mohawk Industries from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Wells Fargo & Company reduced their price target on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft set a $109.00 price target on Mohawk Industries in a research report on Tuesday, May 5th. Bank of America reiterated a “neutral” rating and issued a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. Finally, JPMorgan Chase & Co. cut their price objective on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $123.33.

Mohawk Industries Company Profile

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.