Mohawk Industries (NYSE:MHK) CEO Jeffrey Lorberbaum Sells 5,000 Shares

Mohawk Industries, Inc. (NYSE:MHK) CEO Jeffrey Lorberbaum sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $105.53, for a total transaction of $527,650.00. Following the transaction, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at $2,638,250. The trade was a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Mohawk Industries Price Performance

Shares of MHK opened at $107.53 on Friday. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 2.63 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $143.13. The stock’s fifty day moving average is $101.86 and its 200-day moving average is $110.96.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the company earned $1.52 earnings per share. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Equities analysts anticipate that Mohawk Industries, Inc. will post 8.67 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MHK. Robert W. Baird decreased their price objective on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Wells Fargo & Company lowered their price target on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Royal Bank Of Canada upped their price target on Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. Barclays lowered their price target on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Finally, Zacks Research cut Mohawk Industries from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Mohawk Industries presently has a consensus rating of “Hold” and a consensus price target of $123.33.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Mohawk Industries by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,219,318 shares of the company’s stock worth $316,962,000 after purchasing an additional 80,761 shares during the last quarter. State Street Corp increased its position in shares of Mohawk Industries by 2.1% during the 2nd quarter. State Street Corp now owns 1,915,831 shares of the company’s stock worth $200,856,000 after purchasing an additional 39,556 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Mohawk Industries by 15.9% during the 4th quarter. AQR Capital Management LLC now owns 1,829,347 shares of the company’s stock worth $199,948,000 after purchasing an additional 251,012 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of Mohawk Industries by 0.6% during the 4th quarter. Pzena Investment Management LLC now owns 1,186,400 shares of the company’s stock worth $129,674,000 after purchasing an additional 7,332 shares during the last quarter. Finally, Brandes Investment Partners LP increased its position in shares of Mohawk Industries by 20.4% during the 4th quarter. Brandes Investment Partners LP now owns 1,102,574 shares of the company’s stock worth $120,513,000 after purchasing an additional 186,649 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors.

About Mohawk Industries

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.