Mohawk Industries (NYSE:MHK) Insider Sells $294,300.00 in Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 2,700 shares of the business’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $109.00, for a total transaction of $294,300.00. Following the transaction, the insider 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mohawk Industries Trading Down 0.9%

Shares of Mohawk Industries stock traded down $1.04 during trading on Wednesday, hitting $109.26. The stock had a trading volume of 1,087,769 shares, compared to its average volume of 810,828. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month 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. The firm’s fifty day simple moving average is $114.69 and its 200-day simple moving average is $117.51. The stock 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 (NYSE:MHK) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $2.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($0.01). The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.73 billion. Mohawk Industries had a return on equity of 6.97% and a net margin of 3.93%.The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.90 EPS. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. As a group, sell-side analysts expect that Mohawk Industries, Inc. will post 9.8 EPS for the current fiscal year.

Hedge Funds Weigh In On Mohawk Industries

Hedge funds and other institutional investors have recently modified their holdings of the business. Yousif Capital Management LLC raised its stake in Mohawk Industries by 1.1% in the second quarter. Yousif Capital Management LLC now owns 8,374 shares of the company’s stock worth $878,000 after buying an additional 88 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Mohawk Industries by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock valued at $2,224,000 after acquiring an additional 100 shares during the period. Resona Asset Management Co. Ltd. increased its holdings in shares of Mohawk Industries by 22.6% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 612 shares of the company’s stock valued at $78,000 after acquiring an additional 113 shares during the period. AlphaQuest LLC lifted its stake in shares of Mohawk Industries by 4.2% during the 3rd quarter. AlphaQuest LLC now owns 2,774 shares of the company’s stock worth $358,000 after purchasing an additional 113 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in shares of Mohawk Industries by 4.1% during 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 last quarter. 78.98% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MHK has been the topic of several research analyst reports. Wells Fargo & Company cut their price objective on Mohawk Industries from $125.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Monday. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $150.00 price target (up previously from $140.00) on shares of Mohawk Industries in a research note on Tuesday, October 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Mohawk Industries in a research report on Friday, October 31st. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Finally, Vertical Research assumed coverage on shares of Mohawk Industries in a research note on Monday, October 20th. They set a “buy” rating for the company. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $135.79.

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.