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

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

Several other research analysts have also weighed in on the stock. Wells Fargo & Company cut their price objective on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Robert W. Baird cut their price objective on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Zacks Research lowered shares of Mohawk Industries from a “hold” rating to a “strong sell” rating in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft set a $109.00 price target on shares of Mohawk Industries in a report on Tuesday, May 5th. Finally, Barclays cut their price target on shares of Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $123.33.

Mohawk Industries Trading Down 1.4%

Shares of MHK stock opened at $107.85 on Friday. The firm has a market cap of $6.57 billion, a P/E ratio of 16.17, a PEG ratio of 2.71 and a beta of 1.20. Mohawk Industries has a 1-year low of $92.99 and a 1-year high of $143.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23. The firm’s 50-day simple moving average is $103.27 and its 200-day simple moving average is $110.83.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.10. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The company’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. As a group, equities analysts forecast that Mohawk Industries will post 8.67 EPS for the current year.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $105.53, for a total value of $527,650.00. Following the completion of the sale, the chief executive officer owned 25,000 shares of the company’s stock, valued at $2,638,250. This trade represents a 16.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Suzanne L. Helen sold 1,887 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $106.06, for a total transaction of $200,135.22. Following the completion of the sale, the insider directly owned 48,049 shares of the company’s stock, valued at $5,096,076.94. This trade represents a 3.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,844 shares of company stock valued at $1,328,128 in the last ninety days. 17.90% of the stock is owned by corporate insiders.

Institutional Trading of Mohawk Industries

Hedge funds have recently made changes to their positions in the stock. Bayforest Capital Ltd acquired a new stake in shares of Mohawk Industries during the fourth quarter worth approximately $27,000. Global Retirement Partners LLC grew its position in shares of Mohawk Industries by 950.0% during the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after buying an additional 228 shares in the last quarter. Transamerica Financial Advisors LLC grew its position in shares of Mohawk Industries by 216.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after buying an additional 188 shares in the last quarter. SJS Investment Consulting Inc. grew its position in shares of Mohawk Industries by 105.7% during the first quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock worth $32,000 after buying an additional 166 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Mohawk Industries during the fourth quarter worth approximately $43,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

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.