Sound Shore Management Inc. CT Lowers Stake in Mohawk Industries, Inc. $MHK

Sound Shore Management Inc. CT lowered its stake in shares of Mohawk Industries, Inc. (NYSE:MHK) by 1.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 650,447 shares of the company’s stock after selling 10,719 shares during the period. Sound Shore Management Inc. CT’s holdings in Mohawk Industries were worth $71,094,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bayforest Capital Ltd purchased a new stake in Mohawk Industries during the fourth quarter worth $27,000. Global Retirement Partners LLC lifted its holdings in Mohawk Industries by 950.0% during the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after buying an additional 228 shares during the period. Salomon & Ludwin LLC purchased a new stake in Mohawk Industries during the fourth quarter worth $43,000. Danske Bank A S purchased a new stake in Mohawk Industries during the third quarter worth $52,000. Finally, Advisory Services Network LLC purchased a new stake in Mohawk Industries during the third quarter worth $64,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MHK. Evercore set a $110.00 target price on Mohawk Industries in a report on Monday, May 4th. Wells Fargo & Company decreased their price objective on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Weiss Ratings lowered Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft set a $109.00 price objective on Mohawk Industries in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada increased their price objective on Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $123.33.

Mohawk Industries Stock Performance

Shares of MHK opened at $104.71 on Thursday. Mohawk Industries, Inc. has a 12 month low of $92.99 and a 12 month high of $143.13. The stock has a fifty day moving average price of $102.37 and a 200-day moving average price of $110.88. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.38 billion, a PE ratio of 15.70, a P/E/G ratio of 2.62 and a beta of 1.20.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.80 by $0.10. The firm 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%.The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Equities research analysts predict that Mohawk Industries, Inc. will post 8.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total value of $527,650.00. Following the completion of the transaction, the chief executive officer owned 25,000 shares in the company, valued at $2,638,250. This trade represents a 16.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Suzanne L. Helen sold 5,658 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $105.19, for a total value of $595,165.02. Following the completion of the transaction, the insider owned 61,935 shares of the company’s stock, valued at $6,514,942.65. This trade represents a 8.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 16,700 shares of company stock valued at $1,736,819 in the last 90 days. 17.90% of the stock is currently owned by company insiders.

Mohawk Industries 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.