Insider Selling: Mohawk Industries (NYSE:MHK) CEO Sells $527,650.00 in Stock

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 stock was sold at an average price of $105.53, for a total transaction of $527,650.00. Following the transaction, the chief executive officer owned 25,000 shares in the company, valued at approximately $2,638,250. The trade was a 16.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Mohawk Industries Stock Performance

NYSE:MHK opened at $107.63 on Friday. The firm’s 50-day moving average is $101.98 and its 200-day moving average is $110.94. Mohawk Industries, Inc. has a 52-week low of $92.99 and a 52-week high of $143.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 2.66 and a beta of 1.20.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.10. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. The business’s 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 research analysts anticipate that Mohawk Industries, Inc. will post 8.67 earnings per share for the current year.

Hedge Funds Weigh In On Mohawk Industries

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

Analysts Set New Price Targets

Several analysts have recently weighed in on MHK shares. Zacks Research lowered shares of Mohawk Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Bank of America reiterated a “neutral” rating and set a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. Weiss Ratings lowered shares of Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Finally, UBS Group reiterated a “neutral” rating and set a $140.00 target price on shares of Mohawk Industries in a research report on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $123.33.

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.