JOLTS Job Openings (Jun) 7.44M vs 7.5M Expected
Vandini Mauro, President of Global Ceramic at Mohawk Industries Inc. (NYSE:MHK), recently sold a significant portion of his holdings in the company. According to the latest SEC filing, Mauro sold 4,500 shares of Mohawk Industries common stock on March 10, 2025, at a price of $117.45 per share. The sale comes as MHK trades near its 52-week low of $104.88, with the stock currently at $112.52. InvestingPro analysis shows the company maintains a perfect Piotroski Score of 9, indicating strong financial health, though 15 analysts have recently revised their earnings expectations downward. This transaction amounted to a total value of $528,525. Following the sale, Mauro retains ownership of 28,205 shares. It is important to note that the number of shares Mauro holds was adjusted due to a clerical error in a previous filing. For deeper insights into insider trading patterns and comprehensive analysis of MHK’s financial health, including exclusive Fair Value calculations that currently suggest the stock is undervalued, visit InvestingPro, where you’ll find detailed Pro Research Reports covering 1,400+ top stocks.
In other recent news, Mohawk Industries announced the resignation of its Chief Financial Officer, William W. Harkins, effective March 14, 2025, as he pursues another opportunity. James F. Brunk will assume the responsibilities of Chief Accounting Officer and Corporate Controller on an interim basis while the company searches for a permanent replacement. Meanwhile, Jefferies analyst Philip Ng adjusted Mohawk Industries’ stock price target to $135, maintaining a Hold rating due to stabilized demand and a modest volume increase in the fourth quarter of 2024. Truist Securities also revised its price target to $148, maintaining a Buy rating, despite the company’s sales and earnings per share surpassing expectations.
UBS lowered its price target for Mohawk Industries to $128, maintaining a Neutral rating, and revised its adjusted EBITDA and earnings per share estimates for the upcoming years. The firm noted the impact of interest rates on flooring demand, which is closely tied to existing home sales. In contrast, JPMorgan reduced its price target to $156 but kept an Overweight rating, citing Mohawk Industries’ attractive valuation and potential margin enhancements in 2025. These updates reflect ongoing adjustments in market expectations and analyst assessments of Mohawk Industries’ financial performance and future prospects.
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