Sound Shore Management Inc. CT Sells 7,910 Shares of Mohawk Industries, Inc. $MHK

Sound Shore Management Inc. CT reduced its position in Mohawk Industries, Inc. (NYSE:MHK) by 1.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 642,537 shares of the company’s stock after selling 7,910 shares during the period. Sound Shore Management Inc. CT’s holdings in Mohawk Industries were worth $63,264,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MHK. Bayforest Capital Ltd bought a new stake in Mohawk Industries in the fourth quarter valued at approximately $27,000. Global Retirement Partners LLC boosted its stake in shares of Mohawk Industries by 950.0% during the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after acquiring an additional 228 shares during the period. Transamerica Financial Advisors LLC increased its holdings in shares of Mohawk Industries by 216.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after acquiring an additional 188 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in shares of Mohawk Industries by 105.7% during the 1st quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock worth $32,000 after acquiring an additional 166 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in Mohawk Industries in the 4th quarter valued at $43,000. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

MHK opened at $111.71 on Monday. 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 business has a fifty day simple moving average of $108.30 and a 200 day simple moving average of $111.26. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13. The company has a market capitalization of $6.81 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 2.75 and a beta of 1.18.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.10. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter last year, the business earned $1.52 EPS. The company’s quarterly 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. Research analysts expect that Mohawk Industries, Inc. will post 8.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft set a $109.00 price objective on shares of Mohawk Industries in a research report on Tuesday, May 5th. Zacks Research upgraded shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Finally, Weiss Ratings lowered 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 issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $124.42.

Insider Activity

In related news, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $105.53, for a total transaction of $527,650.00. Following the transaction, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at approximately $2,638,250. This trade represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Suzanne L. Helen sold 16,600 shares of Mohawk Industries stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the completion of the sale, the insider owned 14,132 shares of the company’s stock, valued at $1,596,492.04. This trade represents a 54.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 40,186 shares of company stock worth $4,460,321 over the last 90 days. 17.90% of the stock is currently owned by corporate insiders.

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.