Mohawk Industries (NYSE:MHK) Insider Sells $54,520.00 in Stock

by · The Cerbat Gem

Mohawk Industries, Inc. (NYSE:MHK – Get Free Report) insider Suzanne Helen sold 500 shares of Mohawk Industries stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $109.04, for a total value of $54,520.00. Following the transaction, the insider owned 82,378 shares in the company, valued at approximately $8,982,497.12. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Mohawk Industries Trading Down 2.9%

Shares of Mohawk Industries stock traded down $3.14 during trading hours on Monday, hitting $103.83. The company’s stock had a trading volume of 826,392 shares, compared to its average volume of 801,494. The company has a market capitalization of $6.42 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31. 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 stock has a 50 day moving average of $123.65 and a 200 day moving average of $116.54. Mohawk Industries, Inc. has a 12 month low of $96.24 and a 12 month high of $146.93.

Mohawk Industries (NYSE:MHK – Get Free Report) last issued 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). Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the firm posted $2.90 earnings per share. Mohawk Industries’s revenue for the quarter was up 1.4% compared to the same quarter last year. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. Analysts predict that Mohawk Industries, Inc. will post 9.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MHK shares. Wells Fargo & Company reissued a “neutral” rating and issued a $130.00 price objective on shares of Mohawk Industries in a report on Monday, October 27th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $123.00 price target (up previously from $119.00) on shares of Mohawk Industries in a research note on Monday, July 28th. JPMorgan Chase & Co. boosted their price objective on shares of Mohawk Industries from $139.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mohawk Industries in a report on Friday, October 31st. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $150.00 price target (up previously from $140.00) on shares of Mohawk Industries in a report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $138.46.

Check Out Our Latest Analysis on MHK

Institutional Trading of Mohawk Industries

Hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC acquired a new position in Mohawk Industries in the 3rd quarter valued at about $25,000. Federated Hermes Inc. boosted its holdings in shares of Mohawk Industries by 326.3% during the first quarter. Federated Hermes Inc. now owns 243 shares of the company’s stock worth $28,000 after acquiring an additional 186 shares during the period. Quent Capital LLC acquired a new position in shares of Mohawk Industries in the third quarter valued at approximately $33,000. MTM Investment Management LLC bought a new position in shares of Mohawk Industries during the second quarter worth approximately $28,000. Finally, SJS Investment Consulting Inc. increased its stake in shares of Mohawk Industries by 5,385.7% during the third quarter. SJS Investment Consulting Inc. now owns 384 shares of the company’s stock worth $50,000 after purchasing an additional 377 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Company Profile

(Get Free Report)

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.

Featured Stories