Jeffrey Lorberbaum Sells 5,000 Shares of Mohawk Industries (NYSE:MHK) Stock

Mohawk Industries, Inc. (NYSE:MHK) CEO Jeffrey Lorberbaum sold 5,000 shares of Mohawk Industries 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 completion of the sale, the chief executive officer directly owned 25,000 shares in the company, valued at $2,638,250. This trade represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mohawk Industries Trading Down 0.0%

Shares of MHK stock opened at $107.63 on Friday. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-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. The stock’s 50-day moving average price is $101.98 and its 200-day moving average price is $110.94. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 2.67 and a beta of 1.20.

Mohawk Industries (NYSE:MHK) last issued its 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 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 in the previous year, the firm posted $1.52 earnings per share. The business’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. Equities research analysts predict that Mohawk Industries, Inc. will post 8.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MHK shares. 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 report on Monday, April 20th. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Weiss Ratings cut shares of Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft set a $109.00 target price on shares of Mohawk Industries in a research report on Tuesday, May 5th. Finally, Royal Bank Of Canada upped their target price on shares of Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $123.33.

Institutional Trading of Mohawk Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in shares of Mohawk Industries by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock worth $39,369,000 after acquiring an additional 42,655 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Mohawk Industries by 0.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock worth $22,148,000 after acquiring an additional 1,175 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Mohawk Industries during the first quarter worth approximately $149,000. Creative Planning increased its position in shares of Mohawk Industries by 10.2% during the second quarter. Creative Planning now owns 3,730 shares of the company’s stock worth $391,000 after acquiring an additional 346 shares during the period. Finally, CW Advisors LLC purchased a new position in shares of Mohawk Industries during the second quarter worth approximately $280,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

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.