Jeffrey Lorberbaum Sells 4,500 Shares of Mohawk Industries (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK) CEO Jeffrey Lorberbaum sold 4,500 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $112.08, for a total value of $504,360.00. Following the completion of the transaction, the chief executive officer directly owned 20,000 shares of the company’s stock, valued at approximately $2,241,600. The trade was a 18.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Mohawk Industries Trading Down 3.2%

Shares of MHK stock opened at $107.94 on Thursday. The stock has a 50-day simple moving average of $104.08 and a 200 day simple moving average of $110.74. Mohawk Industries, Inc. has a fifty-two week low of $92.99 and a fifty-two week high of $143.13. The stock has a market capitalization of $6.58 billion, a P/E ratio of 16.18, a P/E/G ratio of 2.77 and a beta of 1.20. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21.

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company lowered their target price on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Evercore set a $110.00 price objective on Mohawk Industries in a research report on Monday, May 4th. Barclays cut their target price on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Zacks Research downgraded Mohawk Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft set a $109.00 target price on Mohawk Industries in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $123.33.

Hedge Funds Weigh In On Mohawk Industries

Several institutional investors have recently bought and sold shares of MHK. Wilsey Asset Management Inc. raised its position in shares of Mohawk Industries by 11.5% during the fourth quarter. Wilsey Asset Management Inc. now owns 237,869 shares of the company’s stock worth $25,999,000 after acquiring an additional 24,621 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Mohawk Industries by 3.4% during the third quarter. Schroder Investment Management Group now owns 837,556 shares of the company’s stock worth $107,978,000 after acquiring an additional 27,888 shares during the last quarter. Tabor Asset Management LP raised its position in shares of Mohawk Industries by 35.5% during the third quarter. Tabor Asset Management LP now owns 69,068 shares of the company’s stock worth $8,904,000 after acquiring an additional 18,088 shares during the last quarter. UBS Group AG raised its position in shares of Mohawk Industries by 6.1% during the fourth quarter. UBS Group AG now owns 227,068 shares of the company’s stock worth $24,819,000 after acquiring an additional 13,090 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its position in shares of Mohawk Industries by 101.1% during the third quarter. Rafferty Asset Management LLC now owns 45,973 shares of the company’s stock worth $5,927,000 after acquiring an additional 23,117 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Company Profile

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.