Mohawk Industries (NYSE:MHK) CEO Jeffrey Lorberbaum Sells 45,750 Shares

Mohawk Industries, Inc. (NYSE:MHK) CEO Jeffrey Lorberbaum sold 45,750 shares of Mohawk Industries stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $127.18, for a total value of $5,818,485.00. Following the sale, the chief executive officer owned 78,425 shares of the company’s stock, valued at approximately $9,974,091.50. This represents a 36.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Mohawk Industries Trading Down 0.2%

Shares of MHK stock opened at $129.11 on Wednesday. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.87 and a beta of 1.18. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. The firm has a 50-day moving average price of $125.29 and a 200 day moving average price of $112.90. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $140.30.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $1.09. The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Research analysts forecast that Mohawk Industries, Inc. will post 9.9 earnings per share for the current fiscal year.

Institutional Trading of Mohawk Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Mohawk Industries in the second quarter valued at $777,293,000. Dimensional Fund Advisors LP increased its stake in Mohawk Industries by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,219,318 shares of the company’s stock worth $316,962,000 after acquiring an additional 80,761 shares during the last quarter. Pzena Investment Management LLC raised its holdings in shares of Mohawk Industries by 0.6% in the 4th quarter. Pzena Investment Management LLC now owns 1,186,400 shares of the company’s stock worth $129,674,000 after purchasing an additional 7,332 shares during the period. Brandes Investment Partners LP lifted its stake in shares of Mohawk Industries by 20.4% in the 4th quarter. Brandes Investment Partners LP now owns 1,102,574 shares of the company’s stock valued at $120,513,000 after purchasing an additional 186,649 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Mohawk Industries in the 4th quarter valued at about $77,528,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Royal Bank Of Canada increased their price target on Mohawk Industries from $117.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Monday, August 3rd. Wall Street Zen raised Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Robert W. Baird upped their target price on Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Zacks Research upgraded Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Finally, Weiss Ratings raised Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Mohawk Industries presently has an average rating of “Hold” and an average target price of $130.50.

About Mohawk Industries

Mohawk Industries, Inc is a global manufacturer and distributor of flooring products. The company serves residential and commercial customers through a broad portfolio that includes carpet, rugs, ceramic and porcelain tile, laminate, hardwood, luxury vinyl tile and other resilient flooring products.

Mohawk markets its products under brands that include Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean, IVC and Durkan. Its products are sold through home improvement retailers, independent flooring dealers, distributors, builders, commercial contractors and other channels.

The company was formed in 1988 through the merger of Mohasco Corporation and Aladdin Mills and is headquartered in Calhoun, Georgia.