Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) insider Suzanne Helen sold 300 shares of the firm's stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $123.89, for a total value of $37,167.00. Following the completion of the transaction, the insider owned 67,593 shares of the company's stock, valued at approximately $8,374,096.77. This represents a 0.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Mohawk Industries Trading Down 4.4%
Shares of Mohawk Industries stock opened at $113.92 on Wednesday. The company's 50-day moving average price is $121.44 and its 200-day moving average price is $121.15. The company has a current ratio of 2.19, a quick ratio of 1.21 and a debt-to-equity ratio of 0.21. Mohawk Industries, Inc. has a 12-month low of $96.24 and a 12-month high of $143.13. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.89 and a beta of 1.19.
Mohawk Industries (NYSE:MHK - Get Free Report) last posted its earnings results on Thursday, February 12th. The company reported $2.00 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.02. The business had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.68 billion. Mohawk Industries had a net margin of 3.43% and a return on equity of 6.80%. Mohawk Industries's revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.95 EPS. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. On average, equities analysts expect that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. Robert W. Baird set a $156.00 target price on shares of Mohawk Industries in a research report on Tuesday, February 17th. Evercore set a $143.00 price objective on Mohawk Industries in a research report on Tuesday, February 17th. Barclays set a $121.00 target price on Mohawk Industries in a research note on Monday, December 8th. Wells Fargo & Company lifted their price target on shares of Mohawk Industries from $110.00 to $125.00 and gave the stock a "cautious" rating in a research note on Wednesday, February 11th. Finally, Jefferies Financial Group lowered their price objective on shares of Mohawk Industries from $134.00 to $128.00 and set a "hold" rating for the company in a report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Mohawk Industries currently has a consensus rating of "Hold" and an average price target of $137.64.
Read Our Latest Research Report on Mohawk Industries
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Atlas FRM LLC increased its holdings in Mohawk Industries by 28.0% during the 2nd quarter. Atlas FRM LLC now owns 608,000 shares of the company's stock valued at $63,743,000 after purchasing an additional 133,000 shares during the period. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Mohawk Industries in the third quarter worth $20,054,000. ARGA Investment Management LP increased its position in Mohawk Industries by 1,508.1% during the 3rd quarter. ARGA Investment Management LP now owns 488,741 shares of the company's stock valued at $63,008,000 after purchasing an additional 458,349 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Mohawk Industries by 0.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,829,830 shares of the company's stock worth $235,902,000 after purchasing an additional 9,516 shares in the last quarter. Finally, Rakuten Investment Management Inc. purchased a new stake in shares of Mohawk Industries in the 3rd quarter worth about $38,161,000. Institutional investors own 78.98% of the company's stock.
About Mohawk Industries
(
Get Free Report)
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.
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