Mohawk Industries (NYSE:MHK) CEO Jeffrey Lorberbaum Sells 4,500 Shares

Mohawk Industries, Inc. (NYSE:MHK) CEO Jeffrey Lorberbaum sold 4,500 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $112.08, for a total value of $504,360.00. Following the completion of the sale, the chief executive officer owned 20,000 shares in the company, valued at $2,241,600. This trade represents a 18.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Mohawk Industries Price Performance

Shares of MHK stock traded down $0.05 on Tuesday, reaching $111.38. The company’s stock had a trading volume of 672,359 shares, compared to its average volume of 908,466. 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, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13. The company has a market capitalization of $6.79 billion, a P/E ratio of 16.70, a PEG ratio of 2.67 and a beta of 1.20. The stock’s 50 day simple moving average is $103.57 and its 200-day simple moving average is $110.82.

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

Analyst Upgrades and Downgrades

MHK has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Robert W. Baird lowered their price target on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Royal Bank Of Canada raised their price target on Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. Zacks Research downgraded Mohawk Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft set a $109.00 price target on Mohawk Industries in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $123.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wilsey Asset Management Inc. boosted its position 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 acquiring an additional 24,621 shares in the last quarter. Schroder Investment Management Group boosted its position 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 acquiring an additional 27,888 shares in the last quarter. Tabor Asset Management LP boosted its position 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 acquiring an additional 18,088 shares in the last quarter. UBS Group AG boosted its position 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 acquiring an additional 13,090 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its position 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 acquiring an additional 23,117 shares in the last quarter. 78.98% of the stock is owned by institutional investors.

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.