Key Points
- Mohawk Industries insider Suzanne Helen sold 7,000 shares for approximately $920,640, reducing her direct ownership by 49.53% to 7,132 shares.
- Mohawk reported strong second-quarter results, with EPS of $3.67 versus the $2.58 consensus estimate and revenue of $2.99 billion, up 6.8% year over year. The company guided for third-quarter EPS of $2.38-$2.48.
- Analyst sentiment remains cautious despite the earnings beat: the consensus rating is Hold with an average price target of $130.50, while housing-market weakness and questions about margin durability remain key risks.
Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) insider Suzanne Helen sold 7,000 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $131.52, for a total value of $920,640.00. Following the transaction, the insider directly owned 7,132 shares of the company's stock, valued at approximately $938,000.64. This trade represents a 49.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Mohawk Industries Stock Performance
Shares of MHK opened at $135.63 on Thursday. The firm has a market cap of $9.19 billion, a PE ratio of 17.96, a PEG ratio of 2.83 and a beta of 1.18. The stock's fifty day moving average price is $113.10 and its two-hundred day moving average price is $111.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13.
Mohawk Industries (NYSE:MHK - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $3.67 EPS for the quarter, beating analysts' consensus estimates of $2.58 by $1.09. The firm had revenue of $2.99 billion for the quarter, compared to analysts' expectations of $2.79 billion. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The business's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, equities research analysts forecast that Mohawk Industries, Inc. will post 9.42 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Robert W. Baird increased their target price on shares of Mohawk Industries from $112.00 to $132.00 and gave the stock a "neutral" rating in a research report on Monday. Weiss Ratings upgraded shares of Mohawk Industries from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Thursday, July 23rd. Bank of America reaffirmed a "neutral" rating and issued a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. Truist Financial lifted their price objective on shares of Mohawk Industries from $135.00 to $155.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Wells Fargo & Company boosted their target price on shares of Mohawk Industries from $115.00 to $125.00 and gave the company an "equal weight" rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $130.50.
View Our Latest Report on MHK
Hedge Funds Weigh In On Mohawk Industries
A number of large investors have recently modified their holdings of MHK. Basecamp Wealth Advisors LLC grew its stake in Mohawk Industries by 2,281.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company's stock valued at $26,000 after acquiring an additional 251 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in Mohawk Industries in the 4th quarter worth approximately $27,000. Elevation Wealth Partners LLC lifted its stake in Mohawk Industries by 122.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company's stock worth $27,000 after purchasing an additional 121 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in Mohawk Industries by 950.0% in the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company's stock valued at $28,000 after purchasing an additional 228 shares during the period. Finally, Transamerica Financial Advisors LLC boosted its holdings in Mohawk Industries by 216.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company's stock valued at $30,000 after purchasing an additional 188 shares during the period. 78.98% of the stock is currently owned by institutional investors.
Key Mohawk Industries News
Here are the key news stories impacting Mohawk Industries this week:
- Positive Sentiment: Truist raised its price target to $155 and maintained a Buy rating, citing confidence in Mohawk’s earnings recovery and operating improvements. Wells Fargo also increased its target to $125, although it retained an Equal Weight rating. Analyst price-target updates
- Positive Sentiment: Mohawk’s second-quarter results substantially exceeded expectations. EPS was $3.67 versus the $2.58 consensus estimate, while revenue reached $2.99 billion compared with expectations of $2.79 billion. Revenue increased 6.8% year over year, helped by pricing, productivity and stronger product execution. Mohawk Q2 earnings analysis
- Positive Sentiment: Productivity initiatives, restructuring benefits, pricing actions and improved cash generation strengthen the recovery case, even as the housing market remains challenging. Mohawk guided to third-quarter EPS of $2.38-$2.48. Mohawk investment analysis
- Neutral Sentiment: Investors are now focused on margin durability. The next catalyst is evidence that wider margins can persist without comparable tariff-refund benefits, particularly while residential flooring demand remains subdued. Margin durability analysis
- Negative Sentiment: Insider selling is adding caution. Director Suzanne L. Helen sold 7,000 shares for approximately $920,640, reducing her position by nearly half. Chief Accounting Officer David Lee Repp separately sold 225 shares for about $29,383. The transactions are not necessarily fundamental signals, but may pressure sentiment after the recent rally. Suzanne Helen SEC filing David Repp SEC filing
- Negative Sentiment: Valuation and analyst caution may limit near-term upside. Wells Fargo and Barclays maintain neutral ratings, while the consensus price target of $130.50 is below recent trading levels. Weak housing demand remains a key risk to the recovery. Mohawk recent performance analysis
Mohawk Industries Company Profile
(
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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