Mohawk Industries, Inc. (NYSE:MHK) Given Average Recommendation of “Hold” by Brokerages

Mohawk Industries, Inc. (NYSE:MHK) has been given an average rating of “Hold” by the fifteen ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $123.3333.

A number of research analysts recently issued reports on the stock. Weiss Ratings downgraded 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. decreased their target price on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Truist Financial decreased their target price on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Evercore set a $110.00 target price on shares of Mohawk Industries in a research report on Monday, May 4th. Finally, Bank of America restated a “neutral” rating and set a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th.

Mohawk Industries Trading Up 9.7%

NYSE MHK opened at $119.17 on Thursday. The company has a market capitalization of $7.26 billion, a PE ratio of 17.87, a P/E/G ratio of 2.68 and a beta of 1.20. The company has a fifty day moving average of $105.15 and a 200 day moving average of $110.66. 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.

Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Research analysts forecast that Mohawk Industries will post 8.71 earnings per share for the current year.

Insider Transactions at Mohawk Industries

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Bayforest Capital Ltd acquired a new position in shares of Mohawk Industries in the fourth quarter worth about $27,000. Global Retirement Partners LLC raised its position in shares of Mohawk Industries by 950.0% in the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after acquiring an additional 228 shares during the period. Basecamp Wealth Advisors LLC raised its position in shares of Mohawk Industries by 2,281.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock worth $26,000 after acquiring an additional 251 shares during the period. Transamerica Financial Advisors LLC raised its position in shares of 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 acquiring an additional 188 shares during the period. Finally, SJS Investment Consulting Inc. raised its position in shares of 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 acquiring an additional 166 shares during the period. 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.