MicroVision MOVIA lidar gains support on NVIDIA DRIVE AGX platform
James Brunk, Chief Financial Officer of Mohawk Industries Inc. (NYSE:MHK), recently sold 3,000 shares of the company’s common stock. The transaction, which took place on March 10, 2025, was executed at a price of $118.00 per share, amounting to a total sale value of $354,000. The sale occurred as the stock trades near its 52-week low, with InvestingPro analysis indicating the company is currently undervalued. Following this sale, Brunk holds 22,863 shares directly. Additionally, he maintains 185 shares indirectly through a managed account. Mohawk Industries, a prominent player in the carpets and rugs sector with a market capitalization of $7.04 billion, continues to monitor its executive transactions closely. The company maintains strong fundamentals with a perfect Piotroski Score of 9, as reported by InvestingPro, which offers comprehensive insider trading analysis and 8 additional key insights about MHK’s financial health.
In other recent news, Mohawk Industries has seen several noteworthy developments. The company announced the resignation of Chief Financial Officer William W. Harkins, effective March 14, 2025, with James F. Brunk stepping in as interim CFO. On the financial front, analysts from Jefferies, Truist Securities, UBS, and JPMorgan have adjusted their price targets for Mohawk Industries, reflecting varying perspectives on the company’s future performance. Jefferies reduced the target to $135, citing stable demand and challenges in the housing market, while maintaining a Hold rating. Truist Securities lowered their target to $148 but kept a Buy rating, emphasizing the company’s recent earnings that exceeded expectations despite lower quarterly guidance. UBS analysts revised their target to $128, maintaining a Neutral stance, and highlighted potential delays in flooring demand recovery due to economic factors. Meanwhile, JPMorgan reduced their target to $156, maintaining an Overweight rating, and pointed to Mohawk’s attractive valuation and strong balance sheet as positive indicators for future growth. These developments reflect the ongoing adjustments and strategic considerations facing Mohawk Industries in a competitive market environment.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.