Mohawk Industries, Inc. (NYSE:MHK) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Mohawk Industries, Inc. (NYSE:MHK) have received an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $137.6154.

Several research firms recently issued reports on MHK. Barclays cut their price objective on shares of Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating for the company in a research report on Monday, October 27th. Vertical Research initiated coverage on shares of Mohawk Industries in a research note on Monday, October 20th. They issued a “buy” rating for the company. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday. Evercore ISI decreased their price objective on Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating on the stock in a report on Wednesday, November 19th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $150.00 price objective (up from $140.00) on shares of Mohawk Industries in a research report on Tuesday, October 21st.

Insider Buying and Selling at Mohawk Industries

In related news, insider Suzanne L. Helen sold 2,500 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $109.54, for a total transaction of $273,850.00. Following the completion of the sale, the insider directly owned 79,878 shares of the company’s stock, valued at approximately $8,749,836.12. This trade represents a 3.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 10,541 shares of company stock worth $1,256,543. Corporate insiders own 17.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its stake in Mohawk Industries by 73.9% during the third quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock worth $200,922,000 after buying an additional 670,601 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of Mohawk Industries by 436.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 756,030 shares of the company’s stock valued at $86,324,000 after acquiring an additional 615,095 shares during the period. Norges Bank acquired a new position in shares of Mohawk Industries in the 2nd quarter worth approximately $48,276,000. 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 worth $120,837,000 after purchasing an additional 459,700 shares during the period. Finally, ARGA Investment Management LP boosted its position in shares of Mohawk Industries by 1,508.1% during the 3rd quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock worth $63,008,000 after purchasing an additional 458,349 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Stock Performance

NYSE MHK opened at $110.65 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 2.25. The stock’s fifty day moving average is $117.08 and its two-hundred day moving average is $116.98. The firm has a market capitalization of $6.84 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 2.25 and a beta of 1.23. Mohawk Industries has a fifty-two week low of $96.24 and a fifty-two week high of $143.13.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, October 23rd. The company reported $2.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.01). Mohawk Industries had a return on equity of 6.97% and a net margin of 3.93%.The company had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period last year, the business earned $2.90 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, research analysts anticipate that Mohawk Industries will post 9.8 earnings per share for the current year.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.