Mohawk Industries (NYSE:MHK) Upgraded to Buy at Wall Street Zen

Mohawk Industries (NYSE:MHK) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Other analysts have also recently issued reports about the company. Evercore set a $110.00 price objective on Mohawk Industries in a report on Monday, May 4th. Weiss Ratings cut shares of Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, May 21st. JPMorgan Chase & Co. dropped their price target on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th. 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. Finally, Deutsche Bank Aktiengesellschaft set a $109.00 price objective on shares of Mohawk Industries in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $123.33.

Mohawk Industries Trading Up 0.4%

MHK stock opened at $112.70 on Friday. The company has a market cap of $6.87 billion, a P/E ratio of 16.90, a PEG ratio of 2.79 and a beta of 1.20. Mohawk Industries has a twelve month low of $92.99 and a twelve month high of $143.13. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $104.62 and a 200-day moving average of $110.73.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, beating 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 return on equity of 6.96% and a net margin of 3.77%.The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. As a group, equities research analysts expect that Mohawk Industries will post 8.67 EPS for the current year.

Insider Activity

In other Mohawk Industries news, insider Suzanne L. Helen sold 16,600 shares of the stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $112.97, for a total value of $1,875,302.00. Following the transaction, the insider owned 14,132 shares of the company’s stock, valued at approximately $1,596,492.04. This represents a 54.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total value of $527,650.00. Following the transaction, the chief executive officer owned 25,000 shares in the company, valued at approximately $2,638,250. This trade represents a 16.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 40,186 shares of company stock worth $4,460,321 in the last three months. Insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MHK. Bayforest Capital Ltd acquired a new position in Mohawk Industries during the fourth quarter valued at approximately $27,000. Global Retirement Partners LLC increased its stake in Mohawk Industries by 950.0% in the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after purchasing an additional 228 shares in the last quarter. Transamerica Financial Advisors LLC raised its holdings in Mohawk Industries by 216.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after purchasing an additional 188 shares during the period. SJS Investment Consulting Inc. raised its holdings in Mohawk Industries by 105.7% in the first quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock worth $32,000 after purchasing an additional 166 shares during the period. Finally, Salomon & Ludwin LLC bought a new position in shares of Mohawk Industries during the fourth quarter worth $43,000. Institutional investors 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.