Insider Selling: Mohawk Industries (NYSE:MHK) CEO Sells $504,360.00 in Stock

Mohawk Industries, Inc. (NYSE:MHK) CEO Jeffrey Lorberbaum sold 4,500 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 20,000 shares in the company, valued at approximately $2,241,600. This trade represents a 18.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Mohawk Industries Stock Up 4.3%

NYSE:MHK opened at $112.70 on Friday. The stock has a 50-day simple moving average of $104.38 and a 200 day simple moving average of $110.71. Mohawk Industries, Inc. has a 52-week low of $92.99 and a 52-week high of $143.13. The company has a market cap of $6.87 billion, a PE ratio of 16.90, a PEG ratio of 2.68 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, April 30th. The company reported $1.90 EPS 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 firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter in the previous year, the business posted $1.52 EPS. The business’s quarterly 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. On average, sell-side analysts expect that Mohawk Industries, Inc. will post 8.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on MHK. Bank of America restated a “neutral” rating and set a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. Barclays reduced their price objective on shares of Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Truist Financial decreased their price objective on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Wall Street Zen downgraded Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Finally, JPMorgan Chase & Co. dropped their target price on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $123.33.

Institutional Trading of Mohawk Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bayforest Capital Ltd bought a new position in shares of Mohawk Industries in the 4th quarter valued at about $27,000. Global Retirement Partners LLC raised its holdings in shares of Mohawk Industries by 950.0% in the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after purchasing an additional 228 shares during the period. Transamerica Financial Advisors LLC lifted its stake in Mohawk Industries by 216.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock valued at $30,000 after purchasing an additional 188 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in Mohawk Industries by 105.7% in the 1st quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock valued at $32,000 after purchasing an additional 166 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new position in Mohawk Industries during the fourth quarter worth about $43,000. 78.98% of the stock is owned by 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.