Mohawk Industries (NYSE:MHK) CEO Jeffrey Lorberbaum Sells 4,500 Shares

Mohawk Industries, Inc. (NYSE:MHK) CEO Jeffrey Lorberbaum sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $112.08, for a total value of $504,360.00. Following the completion of the transaction, the chief executive officer directly owned 20,000 shares of the company’s stock, valued at approximately $2,241,600. This represents a 18.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Mohawk Industries Stock Performance

MHK stock opened at $111.38 on Wednesday. The firm has a market cap of $6.79 billion, a PE ratio of 16.70, a P/E/G ratio of 2.76 and a beta of 1.20. 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 business has a 50 day moving average of $103.86 and a 200-day moving average of $110.79. Mohawk Industries, Inc. has a 12-month low of $92.99 and a 12-month high of $143.13.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, beating 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 business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the prior year, the company earned $1.52 earnings per share. Mohawk Industries’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. As a group, sell-side analysts expect that Mohawk Industries, Inc. will post 8.67 earnings per share for the current year.

Hedge Funds Weigh In On Mohawk Industries

A number of large investors have recently made changes to their positions in MHK. Norges Bank purchased a new stake in shares of Mohawk Industries in the fourth quarter worth $77,528,000. AQR Capital Management LLC raised its position in shares of Mohawk Industries by 73.9% in the third quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock worth $200,922,000 after buying an additional 670,601 shares in the last quarter. Steadfast Capital Management LP raised its position in shares of Mohawk Industries by 96.3% in the third quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock worth $120,837,000 after buying an additional 459,700 shares in the last quarter. Candlestick Capital Management LP purchased a new stake in shares of Mohawk Industries in the third quarter worth $53,320,000. Finally, Freestone Grove Partners LP purchased a new stake in shares of Mohawk Industries in the third quarter worth $36,076,000. 78.98% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Royal Bank Of Canada increased their price objective on Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Weiss Ratings lowered Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 21st. Zacks Research lowered Mohawk Industries from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. Barclays reduced their price objective on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Finally, Evercore set a $110.00 price objective on Mohawk Industries in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Mohawk Industries has an average rating of “Hold” and an average target price 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.