Wells Fargo & Company Cuts Mohawk Industries (NYSE:MHK) Price Target to $125.00

Mohawk Industries (NYSE:MHK) had its target price decreased by Wells Fargo & Company from $130.00 to $125.00 in a research report report published on Thursday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other brokerages have also commented on MHK. Barclays cut their price target on Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating on the stock in a report on Monday, October 27th. Vertical Research began coverage on Mohawk Industries in a research note on Monday, October 20th. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday, October 31st. 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 report on Tuesday, October 21st. Finally, Evercore ISI cut their price objective on shares of Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating on the stock in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Mohawk Industries presently has an average rating of “Moderate Buy” and an average price target of $137.62.

Mohawk Industries Stock Down 1.2%

Mohawk Industries stock opened at $110.65 on Thursday. The company has a 50 day moving average of $117.08 and a 200-day moving average of $116.98. The company has a quick ratio of 1.24, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. Mohawk Industries has a twelve month low of $96.24 and a twelve month high of $143.13. The stock has a market capitalization of $6.84 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 2.25 and a beta of 1.23.

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

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 2,500 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $109.54, for a total transaction of $273,850.00. Following the transaction, the insider directly owned 79,878 shares in the company, valued at approximately $8,749,836.12. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 10,541 shares of company stock worth $1,256,543 in the last 90 days. 17.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MHK. Atlas FRM LLC lifted its position in shares of Mohawk Industries by 28.0% in the second quarter. Atlas FRM LLC now owns 608,000 shares of the company’s stock valued at $63,743,000 after buying an additional 133,000 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Mohawk Industries by 12.8% in the 1st quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company’s stock valued at $414,017,000 after acquiring an additional 410,388 shares during the period. Sequoia Financial Advisors LLC bought a new stake in Mohawk Industries in the 2nd quarter valued at $337,000. Charles Schwab Investment Management Inc. lifted its holdings in Mohawk Industries by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 540,197 shares of the company’s stock valued at $61,680,000 after purchasing an additional 5,939 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Mohawk Industries by 34.3% during the first quarter. Royal Bank of Canada now owns 91,119 shares of the company’s stock worth $10,404,000 after purchasing an additional 23,252 shares during the period. Institutional investors own 78.98% of the company’s stock.

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.