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 that occurred on Friday, June 12th. The stock was sold at an average price of $110.00, for a total transaction of $55,000.00. Following the transaction, the chief executive officer directly owned 24,500 shares of the company’s stock, valued at approximately $2,695,000. This trade represents a 2.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mohawk Industries Price Performance

Shares of MHK traded down $0.05 during mid-day trading on Tuesday, reaching $111.38. 672,363 shares of the company’s stock were exchanged, 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. The company has a 50-day simple moving average of $103.57 and a two-hundred day simple moving average of $110.82. Mohawk Industries, Inc. has a 52-week low of $92.99 and a 52-week high of $143.13. The company 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.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.80 by $0.10. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. Mohawk Industries’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, sell-side analysts predict that Mohawk Industries, Inc. will post 8.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MHK has been the subject of several recent analyst reports. UBS Group reaffirmed a “neutral” rating and issued a $140.00 target price on shares of Mohawk Industries in a research note on Monday, February 16th. Evercore set a $110.00 target price on shares of Mohawk Industries in a research note on Monday, May 4th. Robert W. Baird lowered their target price on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Wells Fargo & Company lowered their target price 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, Bank of America reaffirmed a “neutral” rating and issued a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $123.33.

Hedge Funds Weigh In On Mohawk Industries

Hedge funds have recently made changes to their positions in the stock. Bayforest Capital Ltd acquired a new position in shares of Mohawk Industries in the 4th quarter valued at $27,000. Global Retirement Partners LLC boosted its holdings in shares of Mohawk Industries by 950.0% in the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after purchasing an additional 228 shares during the last quarter. Transamerica Financial Advisors LLC boosted its holdings in shares of Mohawk Industries by 216.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock valued at $30,000 after purchasing an additional 188 shares during the last quarter. SJS Investment Consulting Inc. boosted its holdings in shares of Mohawk Industries by 105.7% in the 1st quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock valued at $32,000 after purchasing an additional 166 shares during the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in shares of Mohawk Industries in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

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.