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

Mohawk Industries, Inc. (NYSE:MHK) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $124.4167.

A number of research firms have weighed in on MHK. Deutsche Bank Aktiengesellschaft set a $109.00 price target on shares of Mohawk Industries in a research report on Tuesday, May 5th. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Truist Financial lowered their target price on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Robert W. Baird dropped their target price on shares of Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. cut their price target on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a research note on Wednesday, May 6th.

Mohawk Industries Stock Up 0.2%

MHK stock opened at $111.71 on Monday. The business’s 50-day moving average price is $108.30 and its 200-day moving average price is $111.26. The stock has a market cap of $6.81 billion, a P/E ratio of 16.75, a PEG ratio of 2.75 and a beta of 1.18. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21. Mohawk Industries has a twelve month low of $92.99 and a twelve month high of $143.13.

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

Insider Activity

In related news, CEO Jeffrey S. Lorberbaum sold 5,000 shares of Mohawk Industries stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total transaction of $527,650.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Suzanne L. Helen sold 16,600 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider directly 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 disclosure for this sale is available in the SEC filing. Insiders sold 40,186 shares of company stock worth $4,460,321 over the last 90 days. Company insiders own 17.90% of the company’s stock.

Institutional Investors Weigh In On Mohawk Industries

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Mohawk Industries during the fourth quarter valued at $77,528,000. AQR Capital Management LLC increased its holdings in Mohawk Industries by 73.9% in the 3rd quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock valued at $200,922,000 after acquiring an additional 670,601 shares during the last quarter. Steadfast Capital Management LP lifted its stake in Mohawk Industries by 96.3% in the 3rd quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock worth $120,837,000 after purchasing an additional 459,700 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in Mohawk Industries in the 3rd quarter worth $36,076,000. Finally, Gendell Jeffrey L boosted its holdings in shares of Mohawk Industries by 136.3% during the 4th quarter. Gendell Jeffrey L now owns 445,669 shares of the company’s stock valued at $48,712,000 after purchasing an additional 257,100 shares during the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.

Mohawk Industries Company Profile

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.