Brokerages Set Mohawk Industries, Inc. (NYSE:MHK) Price Target at $124.42

Shares of Mohawk Industries, Inc. (NYSE:MHK) have been given a consensus recommendation of “Hold” by the fifteen ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, ten have given a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $124.4167.

Several analysts have recently weighed in on MHK shares. Zacks Research raised shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Robert W. Baird cut their price objective on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Weiss Ratings lowered Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, May 21st. Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Finally, JPMorgan Chase & Co. lowered their target price 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 1.8%

Shares of NYSE:MHK opened at $110.28 on Monday. The company’s fifty day moving average is $108.86 and its 200-day moving average is $111.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. Mohawk Industries has a 52 week low of $92.99 and a 52 week high of $143.13. The company has a market capitalization of $6.72 billion, a PE ratio of 16.53, a P/E/G ratio of 2.67 and a beta of 1.18.

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

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 16,600 shares of the firm’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 sale, the insider owned 14,132 shares in the company, valued at approximately $1,596,492.04. This trade represents a 54.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $112.08, for a total transaction of $504,360.00. Following the completion of the transaction, the chief executive officer directly owned 20,000 shares of the company’s stock, valued at approximately $2,241,600. This represents a 18.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 40,186 shares of company stock worth $4,460,321. Insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MHK. Public Employees Retirement System of Ohio raised its stake in shares of Mohawk Industries by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock worth $2,224,000 after buying an additional 100 shares during the last quarter. Rexford Capital Inc. boosted its stake in Mohawk Industries by 10.1% in the fourth quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock valued at $119,000 after acquiring an additional 100 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Mohawk Industries by 1.8% in the first quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock valued at $560,000 after acquiring an additional 101 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Mohawk Industries by 7.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock worth $171,000 after acquiring an additional 105 shares during the period. Finally, Signaturefd LLC grew its holdings in Mohawk Industries by 20.7% during the 4th quarter. Signaturefd LLC now owns 671 shares of the company’s stock worth $73,000 after acquiring an additional 115 shares during the period. Institutional investors own 78.98% of the company’s stock.

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.