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

Mohawk Industries, Inc. (NYSE:MHK) CEO Jeffrey Lorberbaum sold 45,750 shares of Mohawk Industries stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $127.18, for a total transaction of $5,818,485.00. Following the completion of the sale, the chief executive officer owned 78,425 shares in the company, valued at approximately $9,974,091.50. This represents a 36.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mohawk Industries Stock Performance

NYSE MHK traded down $0.31 on Tuesday, hitting $129.11. The stock had a trading volume of 850,429 shares, compared to its average volume of 906,721. The company’s 50-day moving average is $124.97 and its two-hundred day moving average is $112.86. Mohawk Industries, Inc. has a one year low of $92.99 and a one year high of $140.30. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 1.83 and a beta of 1.18. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MHK. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Mohawk Industries during the second quarter valued at $25,000. Elevation Wealth Partners LLC lifted its position in shares of Mohawk Industries by 122.2% in the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock valued at $27,000 after acquiring an additional 121 shares in the last quarter. Basecamp Wealth Advisors LLC boosted its stake in Mohawk Industries by 2,281.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock worth $26,000 after purchasing an additional 251 shares during the period. SJS Investment Consulting Inc. lifted its holdings in shares of Mohawk Industries by 105.7% in the first quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock valued at $32,000 after purchasing an additional 166 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in Mohawk Industries in the 2nd quarter worth about $43,000. Institutional investors own 78.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MHK shares. Barclays increased their price objective on shares of Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $121.00 price target on shares of Mohawk Industries in a research report on Tuesday, August 4th. Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Weiss Ratings raised Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Finally, Truist Financial boosted their price target on shares of Mohawk Industries from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, Mohawk Industries currently has an average rating of “Hold” and an average target price of $130.50.

Mohawk Industries Company Profile

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.