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

Mohawk Industries, Inc. (NYSE:MHK) CEO Jeffrey Lorberbaum sold 500 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $110.00, for a total transaction of $55,000.00. Following the completion of the sale, the chief executive officer directly owned 24,500 shares of the company’s stock, valued at approximately $2,695,000. The trade was a 2.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Mohawk Industries Stock Down 3.2%

Shares of NYSE MHK opened at $107.94 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23. The company has a market cap of $6.58 billion, a P/E ratio of 16.18, a PEG ratio of 2.77 and a beta of 1.20. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13. The firm has a 50-day simple moving average of $104.08 and a two-hundred day simple moving average of $110.74.

Mohawk Industries (NYSE:MHK) last announced 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. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. 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

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MHK. Zacks Research downgraded shares of Mohawk Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Bank of America reaffirmed a “neutral” rating and set a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. Wall Street Zen downgraded shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Wells Fargo & Company decreased their price target on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Finally, Weiss Ratings downgraded shares of Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Mohawk Industries presently has a consensus rating of “Hold” and an average target price of $123.33.

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.