Mohawk Industries (NYSE:MHK) CEO Sells 22,875 Shares of Stock

Mohawk Industries, Inc. (NYSE:MHK) CEO Jeffrey Lorberbaum sold 22,875 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $126.84, for a total value of $2,901,465.00. Following the sale, the chief executive officer directly owned 116,675 shares of the company’s stock, valued at approximately $14,799,057. This trade represents a 16.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Mohawk Industries Trading Down 0.2%

Shares of MHK stock traded down $0.31 during mid-day trading on Tuesday, reaching $129.11. The stock had a trading volume of 850,429 shares, compared to its average volume of 906,721. The firm has a market capitalization of $8.75 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 1.83 and a beta of 1.18. The stock’s 50-day moving average price is $124.97 and its two-hundred day moving average price is $112.86. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. Mohawk Industries, Inc. has a 52-week low of $92.99 and a 52-week high of $140.30.

Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the firm earned $2.77 earnings per share. Mohawk Industries’s quarterly revenue was up 6.8% on a year-over-year basis. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Equities analysts expect that Mohawk Industries, Inc. will post 9.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on MHK. Wells Fargo & Company upped their price objective on shares of Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Robert W. Baird boosted their price target on shares of Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Royal Bank Of Canada increased their price target on shares of Mohawk Industries from $117.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Monday, August 3rd. Zacks Research raised Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Finally, Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mohawk Industries presently has an average rating of “Hold” and a consensus price target of $130.50.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MHK. BNP Paribas Financial Markets boosted its stake in Mohawk Industries by 11.5% during the fourth quarter. BNP Paribas Financial Markets now owns 132,723 shares of the company’s stock worth $14,507,000 after acquiring an additional 13,663 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Mohawk Industries by 275.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 61,477 shares of the company’s stock valued at $6,719,000 after purchasing an additional 45,109 shares during the last quarter. Wilsey Asset Management Inc. grew its stake in shares of Mohawk Industries by 27.4% in the 1st quarter. Wilsey Asset Management Inc. now owns 303,104 shares of the company’s stock worth $29,844,000 after buying an additional 65,235 shares during the last quarter. III Capital Management grew its stake in shares of Mohawk Industries by 40.2% in the 4th quarter. III Capital Management now owns 41,850 shares of the company’s stock worth $4,574,000 after buying an additional 12,000 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in Mohawk Industries by 217.2% during the 1st quarter. Hsbc Holdings PLC now owns 88,062 shares of the company’s stock valued at $8,627,000 after buying an additional 60,296 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors.

About Mohawk Industries

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.