Suzanne Helen Sells 957 Shares of Mohawk Industries (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK) insider Suzanne Helen sold 957 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $104.83, for a total transaction of $100,322.31. Following the sale, the insider owned 49,936 shares of the company’s stock, valued at approximately $5,234,790.88. The trade was a 1.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mohawk Industries Stock Down 2.4%

Shares of NYSE:MHK opened at $102.73 on Friday. The stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 2.55 and a beta of 1.20. Mohawk Industries, Inc. has a 1-year low of $92.99 and a 1-year high of $143.13. The company’s fifty day moving average is $102.46 and its two-hundred day moving average is $110.82. 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 (NYSE:MHK) last issued its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.10. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations 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 company earned $1.52 earnings per share. 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.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Zacks Research cut shares of Mohawk Industries from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. Truist Financial dropped their target price 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. UBS Group reissued a “neutral” rating and set a $140.00 target price on shares of Mohawk Industries in a report on Monday, February 16th. Deutsche Bank Aktiengesellschaft set a $109.00 target price on shares of Mohawk Industries in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada raised their target price on Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Mohawk Industries currently has an average rating of “Hold” and a consensus target price of $123.33.

Institutional Investors Weigh In On Mohawk Industries

A number of hedge funds have recently added to or reduced their stakes in MHK. Goldman Sachs Group Inc. lifted its stake in Mohawk Industries by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock valued at $39,369,000 after buying an additional 42,655 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Mohawk Industries by 0.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock valued at $22,148,000 after buying an additional 1,175 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Mohawk Industries in the first quarter valued at $149,000. Creative Planning lifted its stake in Mohawk Industries by 10.2% in the second quarter. Creative Planning now owns 3,730 shares of the company’s stock valued at $391,000 after buying an additional 346 shares during the last quarter. Finally, CW Advisors LLC bought a new stake in Mohawk Industries in the second quarter valued at $280,000. 78.98% of the stock is currently owned by institutional investors.

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.