Insider Selling: Mohawk Industries (NYSE:MHK) Insider Sells $559,600.00 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 5,000 shares of Mohawk Industries stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $111.92, for a total value of $559,600.00. Following the sale, the insider directly owned 30,732 shares of the company’s stock, valued at approximately $3,439,525.44. This represents a 13.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Mohawk Industries Stock Up 0.4%

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. The business’s 50-day simple moving average is $104.62 and its two-hundred day simple moving average is $110.73. The company has a market cap of $6.87 billion, a PE ratio of 16.90, a PEG ratio of 2.79 and a beta of 1.20. Mohawk Industries, Inc. has a fifty-two week low of $92.99 and a fifty-two week high of $143.13.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Wilsey Asset Management Inc. grew its position in shares of Mohawk Industries by 11.5% during the 4th quarter. Wilsey Asset Management Inc. now owns 237,869 shares of the company’s stock valued at $25,999,000 after acquiring an additional 24,621 shares during the period. Schroder Investment Management Group raised its holdings in Mohawk Industries by 3.4% in the 3rd quarter. Schroder Investment Management Group now owns 837,556 shares of the company’s stock worth $107,978,000 after purchasing an additional 27,888 shares during the period. Tabor Asset Management LP boosted its position in Mohawk Industries by 35.5% during the third quarter. Tabor Asset Management LP now owns 69,068 shares of the company’s stock worth $8,904,000 after purchasing an additional 18,088 shares in the last quarter. UBS Group AG boosted its position in Mohawk Industries by 6.1% during the fourth quarter. UBS Group AG now owns 227,068 shares of the company’s stock worth $24,819,000 after purchasing an additional 13,090 shares in the last quarter. Finally, Rafferty Asset Management LLC grew its holdings in Mohawk Industries by 101.1% in the third quarter. Rafferty Asset Management LLC now owns 45,973 shares of the company’s stock valued at $5,927,000 after purchasing an additional 23,117 shares during the period. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MHK has been the subject of several research reports. Weiss Ratings cut shares of Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. Barclays cut their price objective on shares of Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Zacks Research cut shares of Mohawk Industries from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. JPMorgan Chase & Co. decreased their target price on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Finally, Truist Financial lowered their price target on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.