Key Points
- CEO Jeffrey Lorberbaum sold 5,000 shares of Mohawk Industries at an average price of $105.53, totaling about $527,650. After the sale, he still held 25,000 shares, a 16.67% reduction in his ownership.
- Mohawk reported stronger-than-expected quarterly earnings, posting EPS of $1.90 versus the $1.80 consensus estimate, while revenue rose 8% year over year to $2.73 billion.
- Wall Street sentiment remains mixed: analysts currently have a consensus “Hold” rating on the stock, with a consensus price target of $123.33, even as institutional ownership remains high at 78.98%.
Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) CEO Jeffrey Lorberbaum sold 5,000 shares of Mohawk Industries stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total value of $527,650.00. Following the transaction, the chief executive officer owned 25,000 shares of the company's stock, valued at $2,638,250. This represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Mohawk Industries Stock Performance
MHK opened at $107.53 on Friday. The business has a fifty day simple moving average of $101.86 and a 200 day simple moving average of $110.96. The company has a market capitalization of $6.55 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 2.63 and a beta of 1.20. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23.
Mohawk Industries (NYSE:MHK - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.10. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.74 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The firm's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Research analysts expect that Mohawk Industries, Inc. will post 8.67 EPS for the current year.
Institutional Investors Weigh In On Mohawk Industries
A number of institutional investors have recently made changes to their positions in MHK. Norges Bank bought a new stake in shares of Mohawk Industries in the 4th quarter valued at about $77,528,000. AQR Capital Management LLC grew its position in shares of Mohawk Industries by 73.9% in the 3rd quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company's stock valued at $200,922,000 after buying an additional 670,601 shares during the last quarter. Steadfast Capital Management LP boosted its position in shares of Mohawk Industries by 96.3% during the 3rd quarter. Steadfast Capital Management LP now owns 937,301 shares of the company's stock valued at $120,837,000 after purchasing an additional 459,700 shares in the last quarter. Candlestick Capital Management LP bought a new stake in shares of Mohawk Industries during the 3rd quarter valued at about $53,320,000. Finally, Freestone Grove Partners LP bought a new stake in shares of Mohawk Industries during the 3rd quarter valued at about $36,076,000. Institutional investors own 78.98% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on MHK shares. Wall Street Zen raised Mohawk Industries from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. Barclays lowered their price target 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. Zacks Research cut Mohawk Industries from a "hold" rating to a "strong sell" rating in a report on Friday, April 24th. Truist Financial lowered their price target on Mohawk Industries from $155.00 to $135.00 and set a "buy" rating for the company in a report on Tuesday, May 5th. Finally, Bank of America reissued a "neutral" rating and set a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $123.33.
View Our Latest Stock Report on MHK
Mohawk Industries Company Profile
(
Get Free Report)
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.
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