Key Points
- Insider sale: Suzanne Helen sold 800 Mohawk Industries shares for approximately $100,496 at an average price of $125.62, reducing her direct ownership by 13.05% to 5,332 shares.
- Strong quarterly results: Mohawk reported adjusted EPS of $3.67, beating estimates by $1.09, while revenue of $2.99 billion exceeded forecasts and rose 6.8% year over year.
- Analyst sentiment remains cautious: The stock has an average rating of “Hold” and a consensus price target of $130.50, despite one recent upgrade to “Buy.”
Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) insider Suzanne Helen sold 800 shares of the stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $125.62, for a total transaction of $100,496.00. Following the sale, the insider directly owned 5,332 shares in the company, valued at $669,805.84. This trade represents a 13.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Mohawk Industries Stock Performance
MHK stock opened at $126.10 on Friday. The company has a 50 day moving average price of $126.39 and a 200 day moving average price of $113.03. Mohawk Industries, Inc. has a fifty-two week low of $92.99 and a fifty-two week high of $140.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13. The stock has a market capitalization of $8.54 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.85 and a beta of 1.18.
Mohawk Industries (NYSE:MHK - Get Free Report) last announced its quarterly earnings data 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 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 quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Analysts forecast that Mohawk Industries, Inc. will post 9.9 EPS for the current year.
Analyst Upgrades and Downgrades
MHK has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $121.00 target price on shares of Mohawk Industries in a research report on Tuesday, August 4th. Wells Fargo & Company boosted their price target on shares of Mohawk Industries from $115.00 to $125.00 and gave the stock an "equal weight" rating in a research note on Monday, August 3rd. Robert W. Baird increased their price objective on shares of Mohawk Industries from $112.00 to $132.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Wall Street Zen raised shares of Mohawk Industries from a "hold" rating to a "buy" rating in a research note on Sunday, June 21st. Finally, Barclays lifted their target price on shares of Mohawk Industries from $109.00 to $115.00 and gave the stock an "equal weight" rating in a report on Monday, August 3rd. One 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 company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $130.50.
Get Our Latest Research Report on Mohawk Industries
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Mohawk Industries in the second quarter worth about $25,000. Basecamp Wealth Advisors LLC grew its position in shares of Mohawk Industries by 2,281.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company's stock valued at $26,000 after purchasing an additional 251 shares during the period. Elevation Wealth Partners LLC grew its position in shares of Mohawk Industries by 122.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company's stock valued at $27,000 after purchasing an additional 121 shares during the period. SJS Investment Consulting Inc. increased its stake in Mohawk Industries by 105.7% during the 1st quarter. SJS Investment Consulting Inc. now owns 323 shares of the company's stock worth $32,000 after purchasing an additional 166 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new stake in Mohawk Industries during the 2nd quarter worth approximately $43,000. 78.98% of the stock is owned by institutional investors and hedge funds.
Mohawk Industries Company Profile
(
Get Free Report)
Mohawk Industries, Inc is a global manufacturer and distributor of flooring products. The company serves residential and commercial customers through a broad portfolio that includes carpet, rugs, ceramic and porcelain tile, laminate, hardwood, luxury vinyl tile and other resilient flooring products.
Mohawk markets its products under brands that include Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean, IVC and Durkan. Its products are sold through home improvement retailers, independent flooring dealers, distributors, builders, commercial contractors and other channels.
The company was formed in 1988 through the merger of Mohasco Corporation and Aladdin Mills and is headquartered in Calhoun, Georgia.
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