Mohawk Industries: Helen Suzanne L sells $1.19 million in stock

Helen Suzanne L, potentially a member of a group, has sold 10,500 shares of Mohawk Industries Inc. (NYSE:MHK) common stock, according to a recent SEC filing. The $7.1 billion flooring manufacturer currently shows strong fundamentals with a perfect InvestingPro Piotroski Score of 9, indicating excellent financial strength despite its stock declining 27% over the past six months. The shares were sold at an average price of $113.444, totaling approximately $1.19 million. Following this transaction, Suzanne Helen holds 93,584 shares indirectly through PASTrust fbo Suzanne Helen. Additionally, she retains 141,646 shares indirectly through a family limited partnership, though she disclaims beneficial ownership of the shares held by the partnership where she does not have a pecuniary interest. According to InvestingPro analysis, the stock appears undervalued at current levels, with 15 analysts recently revising their earnings expectations. For comprehensive insider trading patterns and detailed valuation metrics, explore the MHK Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, Mohawk Industries has announced that its Chief Financial Officer, William W. Harkins, will resign effective March 14, 2025, to pursue another opportunity. James F. Brunk will take over as interim Chief Financial Officer, along with the roles of Chief Accounting Officer and Corporate Controller. Meanwhile, Mohawk Industries’ financial outlook has been a focal point for analysts. Jefferies has reduced its price target for the company to $135, maintaining a Hold rating, while noting stable demand and a modest volume increase in the fourth quarter of 2024. Truist Securities also adjusted its price target to $148, maintaining a Buy rating, despite lower-than-expected quarterly guidance due to operational challenges. UBS lowered its price target to $128, maintaining a Neutral rating, and revised down its adjusted EBITDA estimates for 2025 through 2027. JPMorgan decreased its price target to $156 but kept an Overweight rating, citing Mohawk’s attractive valuation and potential margin improvements in 2025. These recent developments highlight the company’s current operational and market dynamics.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.