Mohawk Industries (NYSE:MHK) CEO Sells $527,650.00 in Stock

Mohawk Industries, Inc. (NYSE:MHK) CEO Jeffrey Lorberbaum sold 5,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total value of $527,650.00. Following the sale, the chief executive officer directly owned 25,000 shares in the company, valued at $2,638,250. This represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Mohawk Industries Stock Performance

MHK traded up $1.55 during midday trading on Thursday, hitting $107.53. 528,941 shares of the company were exchanged, compared to its average volume of 940,799. Mohawk Industries, Inc. has a 1-year low of $92.99 and a 1-year 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. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 16.12, a price-to-earnings-growth ratio of 2.57 and a beta of 1.20. The company’s 50 day simple moving average is $101.80 and its 200 day simple moving average is $110.97.

Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, beating 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 firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period last year, the firm earned $1.52 EPS. The company’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. As a group, sell-side analysts predict that Mohawk Industries, Inc. will post 8.67 earnings per share for the current year.

Institutional Investors Weigh In On Mohawk Industries

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC acquired a new position in shares of Mohawk Industries during the third quarter worth about $25,000. Bayforest Capital Ltd acquired a new position in shares of Mohawk Industries during the fourth quarter worth about $27,000. Global Retirement Partners LLC increased its stake in shares of Mohawk Industries by 950.0% during the fourth 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 stake in shares of Mohawk Industries by 216.1% during the fourth 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 period. Finally, SJS Investment Consulting Inc. increased its stake in shares of Mohawk Industries by 105.7% during the first 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 period. 78.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MHK shares. JPMorgan Chase & Co. decreased their price target on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. Bank of America reaffirmed a “neutral” rating and set a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. Wells Fargo & Company dropped their price target 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. Zacks Research downgraded shares of Mohawk Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Finally, Evercore set a $110.00 target price on shares of Mohawk Industries in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $123.33.

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.