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 Mohawk Industries stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $112.08, for a total transaction of $504,360.00. Following the transaction, the chief executive officer owned 20,000 shares of the company’s stock, valued at $2,241,600. The trade was a 18.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mohawk Industries Stock Down 0.0%

Shares of MHK stock traded down $0.05 during trading hours on Tuesday, hitting $111.38. 672,359 shares of the company’s stock traded hands, compared to its average volume of 908,466. The stock’s fifty day simple moving average is $103.57 and its two-hundred day simple moving average is $110.82. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13. The stock has a market cap of $6.79 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 2.67 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 earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the business earned $1.52 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, analysts expect that Mohawk Industries, Inc. will post 8.67 EPS for the current year.

Wall Street Analysts Forecast Growth

MHK has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft set a $109.00 target price on shares of Mohawk Industries in a report on Tuesday, May 5th. Weiss Ratings lowered shares of Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 21st. Bank of America restated a “neutral” rating and issued a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. Wells Fargo & Company decreased their price objective on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Finally, Truist Financial decreased their price objective on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Mohawk Industries has an average rating of “Hold” and a consensus price target of $123.33.

Institutional Investors Weigh In On Mohawk Industries

Hedge funds have recently added to or reduced their stakes in the stock. Wilsey Asset Management Inc. raised its stake in Mohawk Industries by 11.5% during the 4th quarter. Wilsey Asset Management Inc. now owns 237,869 shares of the company’s stock valued at $25,999,000 after buying an additional 24,621 shares during the last quarter. Schroder Investment Management Group raised its stake in Mohawk Industries by 3.4% during the 3rd quarter. Schroder Investment Management Group now owns 837,556 shares of the company’s stock valued at $107,978,000 after buying an additional 27,888 shares during the last quarter. Tabor Asset Management LP raised its stake in Mohawk Industries by 35.5% during the 3rd quarter. Tabor Asset Management LP now owns 69,068 shares of the company’s stock valued at $8,904,000 after buying an additional 18,088 shares during the last quarter. UBS Group AG raised its stake in Mohawk Industries by 6.1% during the 4th quarter. UBS Group AG now owns 227,068 shares of the company’s stock valued at $24,819,000 after buying an additional 13,090 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its stake in Mohawk Industries by 101.1% during the 3rd quarter. Rafferty Asset Management LLC now owns 45,973 shares of the company’s stock valued at $5,927,000 after buying an additional 23,117 shares during the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

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.