Mohawk Industries (NYSE:MHK) CEO Sells $55,000.00 in Stock

Mohawk Industries, Inc. (NYSE:MHK) CEO Jeffrey Lorberbaum sold 500 shares of the business’s stock in a transaction 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 in the company, valued at approximately $2,695,000. The trade was a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Mohawk Industries Price Performance

Shares of MHK stock opened at $112.70 on Friday. The firm has a fifty day simple moving average of $104.38 and a 200-day simple moving average of $110.71. The company has a market capitalization of $6.87 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 2.68 and a beta of 1.20. Mohawk Industries, Inc. has a twelve month low of $92.99 and a twelve month high of $143.13. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on MHK. Deutsche Bank Aktiengesellschaft set a $109.00 price target on Mohawk Industries in a research note on Tuesday, May 5th. JPMorgan Chase & Co. dropped their price objective on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. 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 report on Monday, April 20th. Truist Financial decreased their price target on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. 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, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Mohawk Industries has a consensus rating of “Hold” and a consensus price target of $123.33.

Hedge Funds Weigh In On Mohawk Industries

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in Mohawk Industries by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock valued at $39,369,000 after buying an additional 42,655 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Mohawk Industries by 0.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock valued at $22,148,000 after acquiring an additional 1,175 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Mohawk Industries during the 1st quarter valued at approximately $149,000. Creative Planning raised its position in shares of Mohawk Industries by 10.2% during the 2nd quarter. Creative Planning now owns 3,730 shares of the company’s stock valued at $391,000 after acquiring an additional 346 shares in the last quarter. Finally, CW Advisors LLC bought a new position in Mohawk Industries during the second quarter worth $280,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

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.