Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) insider Suzanne Helen sold 1,000 shares of Mohawk Industries stock in a transaction on Friday, August 14th. The shares were sold at an average price of $139.48, for a total transaction of $139,480.00. Following the completion of the transaction, the insider owned 6,132 shares in the company, valued at approximately $855,291.36. This represents a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Mohawk Industries Price Performance
Shares of NYSE:MHK opened at $133.14 on Wednesday. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $143.13. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 2.07 and a beta of 1.18. The company has a 50-day simple moving average of $118.63 and a 200-day simple moving average of $112.58. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.92.
Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.58 by $1.09. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates 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 was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $2.77 earnings per share. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, analysts predict that Mohawk Industries, Inc. will post 9.69 EPS for the current year.
Wall Street Analyst Weigh In
MHK has been the topic of a number of recent research reports. Evercore set a $110.00 target price on Mohawk Industries in a report on Monday, May 4th. Weiss Ratings upgraded shares of Mohawk Industries from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 6th. Barclays boosted their price objective on shares of Mohawk Industries from $109.00 to $115.00 and gave the company an "equal weight" rating in a research note on Monday, August 3rd. Wells Fargo & Company upped their price objective on shares of Mohawk Industries from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada lifted their target price on shares of Mohawk Industries from $117.00 to $130.00 and gave the company a "sector perform" rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Mohawk Industries presently has an average rating of "Hold" and an average target price of $130.50.
View Our Latest Stock Report on MHK
Hedge Funds Weigh In On Mohawk Industries
Institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC purchased a new position in shares of Mohawk Industries in the 2nd quarter valued at about $667,000. United Capital Financial Advisors LLC purchased a new position in Mohawk Industries in the second quarter valued at about $460,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Mohawk Industries during the 2nd quarter valued at approximately $1,731,000. Proficio Capital Partners LLC acquired a new stake in shares of Mohawk Industries during the 2nd quarter valued at approximately $409,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in shares of Mohawk Industries during the 2nd quarter worth approximately $108,000. 78.98% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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