Mohawk Industries Slides 7% as Housing-Rate Pressure and Insider Sales Weigh on Shares

Mohawk Industries (MHK) is down 7.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The catalyst appears to be a mix of macro pressure and stock-specific overhangs rather than a single new operating update. This could be because investors are reacting to a housing backdrop strained by mortgage rates near 7%, while also digesting a series of recent insider sale filings and Mohawk’s own caution that residential demand and new home construction remain soft.

Details:

Market data showed MHK trading at about $117.27 on September 21, 2026, down roughly 7.1% intraday from the prior close.

Mohawk’s latest quarterly release said second-quarter results beat expectations, but it also noted that residential channels stayed soft, new home construction remained pressured, and existing home sales continued to face affordability challenges.

The same quarterly release said higher labor, material, energy and transportation costs are expected to move through inventory in the second half of the year and pressure margins, with additional price increases possibly needed.

Recent SEC filings showed insider sales in mid-September, including sales tied to CEO Jeff Lorberbaum and another filing for Suzanne Helen, which may have added to negative sentiment during a weak trading session.

Sources:

SEC, Mohawk Industries Investor Relations, AP News

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$MHK Insider Trading Activity

$MHK insiders have traded $MHK stock on the open market 58 times in the past 6 months. Of those trades, 0 have been purchases and 58 have been sales.

Here’s a breakdown of recent trading of $MHK stock by insiders over the last 6 months:

JEFFREY S LORBERBAUM (CHIEF EXECUTIVE OFFICER) has made 0 purchases and 38 sales selling 160,578 shares for an estimated $20,522,431.
SUZANNE L HELEN has made 0 purchases and 18 sales selling 45,561 shares for an estimated $5,231,048.
BERNARD THIERS sold 13,393 shares for an estimated $1,807,787
DAVID LEE REPP (SVP-CAO & CORPORATE CONTROLLER) sold 225 shares for an estimated $29,382

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

EARLY ACCESS

Receive MHK Data Alerts

Real-time alerts on filings, insider trades, and market signals — before everyone else.

Get Alerts →

$MHK Hedge Fund Activity

We have seen 275 institutional investors add shares of $MHK stock to their portfolio, and 270 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 1,476,290 shares (+inf%) to their portfolio in Q2 2026, for an estimated $179,118,265
APPALOOSA LP removed 675,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $66,460,499
AMERICAN CENTURY COMPANIES INC added 615,111 shares (+93.2%) to their portfolio in Q2 2026, for an estimated $74,631,417
CANADA PENSION PLAN INVESTMENT BOARD added 595,115 shares (+832.3%) to their portfolio in Q2 2026, for an estimated $72,205,302
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 524,767 shares (+inf%) to their portfolio in Q2 2026, for an estimated $63,669,980
STEADFAST CAPITAL MANAGEMENT LP removed 501,069 shares (-92.3%) from their portfolio in Q2 2026, for an estimated $60,794,701
MASTERS CAPITAL MANAGEMENT LLC removed 400,000 shares (-80.0%) from their portfolio in Q2 2026, for an estimated $48,532,000

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$MHK Government Contracts

We have seen $38,185 of award payments to $MHK over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

AIR FORCE CARPET II PROGRAM: $1,000

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$MHK Analyst Ratings

Wall Street analysts have issued reports on $MHK in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Overweight" rating on 05/06/2026

To track analyst ratings and price targets for $MHK, check out Quiver Quantitative's $MHK forecast page.

$MHK Price Targets

Multiple analysts have issued price targets for $MHK recently. We have seen 7 analysts offer price targets for $MHK in the last 6 months, with a median target of $112.0.

Here are some recent targets:

Michael Rehaut from JP Morgan set a target price of $138.0 on 05/06/2026
Keith Hughes from Truist Securities set a target price of $135.0 on 05/05/2026
Timothy Wojs from Baird set a target price of $112.0 on 05/04/2026
Stephen Kim from Evercore ISI Group set a target price of $110.0 on 05/04/2026
Rafe Jadrosich from B of A Securities set a target price of $122.0 on 04/20/2026
Matthew Bouley from Barclays set a target price of $96.0 on 04/08/2026
Sam Reid from Wells Fargo set a target price of $105.0 on 04/08/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.