Mohawk Industries (NYSE:MHK) Rating Lowered to “Hold” at Wall Street Zen

Mohawk Industries (NYSE:MHK) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also issued reports on MHK. Jefferies Financial Group dropped their price target on Mohawk Industries from $134.00 to $128.00 and set a “hold” rating for the company in a research report on Monday. Evercore ISI cut their target price on Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a research note on Wednesday, November 19th. Barclays set a $121.00 price target on Mohawk Industries in a report on Monday, December 8th. Wells Fargo & Company dropped their price objective on shares of Mohawk Industries from $125.00 to $110.00 and set an “equal weight” rating for the company in a report on Monday. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $150.00 target price (up from $140.00) on shares of Mohawk Industries in a research note on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Mohawk Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.79.

Mohawk Industries Price Performance

Mohawk Industries stock opened at $107.87 on Friday. The company has a fifty day simple moving average of $114.04 and a 200-day simple moving average of $117.46. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 2.22 and a beta of 1.23. 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 52-week low of $96.24 and a 52-week high of $143.13.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $2.67 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.01). The business 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 business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.90 earnings per share. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, equities analysts anticipate that Mohawk Industries will post 9.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mohawk Industries news, insider Suzanne L. Helen sold 3,500 shares of Mohawk Industries stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $110.36, for a total transaction of $386,260.00. Following the completion of the sale, the insider directly owned 70,593 shares in the company, valued at $7,790,643.48. This trade represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 17,600 shares of company stock worth $1,945,754 over the last ninety days. Company insiders own 17.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MHK. Root Financial Partners LLC acquired a new stake in shares of Mohawk Industries in the third quarter valued at $25,000. MTM Investment Management LLC purchased a new position in Mohawk Industries during the 2nd quarter valued at about $28,000. Quent Capital LLC acquired a new position in Mohawk Industries in the 3rd quarter valued at about $33,000. Brooklyn Investment Group increased its stake in Mohawk Industries by 2,506.3% during the first quarter. Brooklyn Investment Group now owns 417 shares of the company’s stock worth $48,000 after purchasing an additional 401 shares during the period. Finally, SJS Investment Consulting Inc. lifted its position in shares of Mohawk Industries by 5,385.7% during the third quarter. SJS Investment Consulting Inc. now owns 384 shares of the company’s stock worth $50,000 after purchasing an additional 377 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

About Mohawk Industries

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.