Mohawk Industries (NYSE:MHK) Given New $96.00 Price Target at Barclays

Mohawk Industries (NYSE:MHK) had its target price reduced by equities research analysts at Barclays from $121.00 to $96.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential downside of 5.62% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Evercore set a $143.00 price objective on shares of Mohawk Industries in a report on Tuesday, February 17th. Wells Fargo & Company lifted their price objective on shares of Mohawk Industries from $110.00 to $125.00 and gave the stock a “cautious” rating in a report on Wednesday, February 11th. Wolfe Research downgraded shares of Mohawk Industries from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 7th. Finally, Truist Financial lifted their price objective on shares of Mohawk Industries from $148.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Mohawk Industries has an average rating of “Hold” and a consensus price target of $136.80.

Mohawk Industries Stock Up 4.2%

MHK stock traded up $4.13 during midday trading on Wednesday, reaching $101.72. 597,468 shares of the company’s stock traded hands, compared to its average volume of 945,323. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 1.54 and a beta of 1.24. The firm’s fifty day moving average price is $114.37 and its 200-day moving average price is $115.68. The company has a quick ratio of 1.21, a current ratio of 2.19 and a debt-to-equity ratio of 0.21. Mohawk Industries has a 52 week low of $94.56 and a 52 week high of $143.13.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, February 12th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.02. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.68 billion. Mohawk Industries had a net margin of 3.43% and a return on equity of 6.80%. Mohawk Industries’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.95 EPS. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. As a group, sell-side analysts forecast that Mohawk Industries will post 9.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 5,658 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $105.19, for a total transaction of $595,165.02. Following the completion of the transaction, the insider owned 61,935 shares in the company, valued at approximately $6,514,942.65. This represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 12,000 shares of company stock worth $1,246,336 in the last three months. 17.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mohawk Industries

Several institutional investors have recently added to or reduced their stakes in MHK. Norges Bank bought a new position in Mohawk Industries during the fourth quarter valued at about $77,528,000. AQR Capital Management LLC lifted its holdings in Mohawk Industries by 73.9% during the third quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock valued at $200,922,000 after purchasing an additional 670,601 shares during the last quarter. Steadfast Capital Management LP lifted its holdings in shares of Mohawk Industries by 96.3% in the third quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock worth $120,837,000 after buying an additional 459,700 shares in the last quarter. ARGA Investment Management LP lifted its holdings in shares of Mohawk Industries by 1,508.1% in the third quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock worth $63,008,000 after buying an additional 458,349 shares in the last quarter. Finally, Candlestick Capital Management LP purchased a new stake in shares of Mohawk Industries in the third quarter worth about $53,320,000. 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.