Key Points
- Insider sale: Mohawk Industries insider Suzanne Helen sold 3,000 shares on June 16 at an average price of $112.68, totaling about $338,040. After the sale, she still owned 35,732 shares, and the transaction reduced her position by 7.75%.
- Mixed analyst sentiment: Recent analyst moves were mostly cautious, with several firms cutting price targets and ratings. The stock’s consensus rating remains Hold, with an average target price of $123.33.
- Solid recent results: Mohawk beat first-quarter EPS expectations, reporting $1.90 per share versus the $1.80 estimate, while revenue rose 8% year over year to $2.73 billion. The company also guided second-quarter 2026 EPS at $2.50 to $2.60.
Mohawk Industries, Inc. (NYSE:MHK - Get Free Report) CEO Jeffrey Lorberbaum sold 500 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $110.00, for a total transaction of $55,000.00. Following the completion of the transaction, the chief executive officer directly owned 24,500 shares of the company's stock, valued at approximately $2,695,000. The trade was a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Mohawk Industries Price Performance
MHK stock opened at $111.38 on Wednesday. Mohawk Industries, Inc. has a 1 year low of $92.99 and a 1 year high of $143.13. The company has a market cap of $6.79 billion, a P/E ratio of 16.70, a PEG ratio of 2.76 and a beta of 1.20. The firm has a 50-day moving average of $103.86 and a 200 day moving average of $110.79. 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, topping analysts' consensus estimates of $1.80 by $0.10. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. Mohawk Industries's revenue was up 8.0% on a year-over-year basis. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, sell-side analysts forecast that Mohawk Industries, Inc. will post 8.67 EPS for the current year.
Institutional Investors Weigh In On Mohawk Industries
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bayforest Capital Ltd purchased a new stake in Mohawk Industries in the fourth quarter worth about $27,000. Global Retirement Partners LLC grew its holdings in shares of Mohawk Industries by 950.0% during the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company's stock valued at $28,000 after buying an additional 228 shares during the last quarter. Transamerica Financial Advisors LLC grew its holdings in shares of Mohawk Industries by 216.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company's stock valued at $30,000 after buying an additional 188 shares during the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of Mohawk Industries by 105.7% during the first quarter. SJS Investment Consulting Inc. now owns 323 shares of the company's stock valued at $32,000 after buying an additional 166 shares during the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Mohawk Industries during the fourth quarter valued at approximately $43,000. Hedge funds and other institutional investors own 78.98% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on MHK shares. Deutsche Bank Aktiengesellschaft set a $109.00 price target on shares of Mohawk Industries in a research note on Tuesday, May 5th. Truist Financial cut their price objective on shares of Mohawk Industries from $155.00 to $135.00 and set a "buy" rating on the stock in a report on Tuesday, May 5th. Bank of America restated a "neutral" rating and issued a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a report on Monday, April 20th. JPMorgan Chase & Co. cut their price objective on shares of Mohawk Industries from $143.00 to $138.00 and set an "overweight" rating on the stock in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada upped their price objective on shares of Mohawk Industries from $122.00 to $135.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $123.33.
View Our Latest Research Report on Mohawk Industries
About Mohawk Industries
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
