Mohawk Industries, Inc. (NYSE:MHK) Receives $140.14 Consensus Target Price from Brokerages

Shares of Mohawk Industries, Inc. (NYSE:MHK) have been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $140.1429.

A number of analysts have weighed in on the company. Robert W. Baird upped their target price on Mohawk Industries from $130.00 to $142.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Royal Bank Of Canada restated a “sector perform” rating and set a $123.00 price objective (up from $119.00) on shares of Mohawk Industries in a research note on Monday, July 28th. JPMorgan Chase & Co. raised their price objective on Mohawk Industries from $139.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Wells Fargo & Company boosted their target price on shares of Mohawk Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 8th. Finally, Evercore ISI decreased their price target on shares of Mohawk Industries from $124.00 to $123.00 and set an “in-line” rating for the company in a research report on Monday, July 28th.

Insider Activity

In other Mohawk Industries news, insider Suzanne L. Helen sold 800 shares of Mohawk Industries stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $132.92, for a total value of $106,336.00. Following the transaction, the insider directly owned 88,784 shares of the company’s stock, valued at approximately $11,801,169.28. The trade was a 0.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bernard Thiers sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $128.21, for a total value of $1,282,100.00. Following the transaction, the director directly owned 105,532 shares in the company, valued at approximately $13,530,257.72. The trade was a 8.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,500 shares of company stock worth $3,905,221. 17.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mohawk Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. grew its stake in shares of Mohawk Industries by 436.4% during the first quarter. Alyeska Investment Group L.P. now owns 756,030 shares of the company’s stock worth $86,324,000 after acquiring an additional 615,095 shares during the last quarter. Sound Shore Management Inc. CT purchased a new stake in Mohawk Industries during the 1st quarter worth approximately $61,159,000. AQR Capital Management LLC increased its stake in Mohawk Industries by 123.1% during the 2nd quarter. AQR Capital Management LLC now owns 907,734 shares of the company’s stock valued at $94,640,000 after purchasing an additional 500,934 shares in the last quarter. Norges Bank acquired a new position in Mohawk Industries during the 2nd quarter valued at approximately $48,276,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Mohawk Industries by 12.8% in the first quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company’s stock worth $414,017,000 after buying an additional 410,388 shares during the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Mohawk Industries Stock Performance

MHK stock opened at $130.52 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.13 and a quick ratio of 1.18. Mohawk Industries has a 1-year low of $96.24 and a 1-year high of $164.29. The business has a 50-day moving average price of $118.66 and a 200 day moving average price of $111.70. The company has a market capitalization of $8.11 billion, a P/E ratio of 17.36, a PEG ratio of 2.89 and a beta of 1.25.

Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, July 24th. The company reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $2.62 by $0.15. Mohawk Industries had a net margin of 4.44% and a return on equity of 7.30%. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter last year, the firm posted $3.00 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. As a group, equities research analysts forecast that Mohawk Industries will post 9.8 EPS for the current fiscal year.

About Mohawk Industries

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.