Mohawk Industries (NYSE:MHK) Price Target Raised to $155.00

Mohawk Industries (NYSE:MHK) had its price objective increased by Truist Financial from $135.00 to $155.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 13.91% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday. JPMorgan Chase & Co. lowered their target price on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Bank of America restated a “neutral” rating and issued a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. Wall Street Zen raised Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Finally, Weiss Ratings raised Mohawk Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mohawk Industries presently has an average rating of “Hold” and an average target price of $130.50.

Mohawk Industries Stock Performance

Shares of Mohawk Industries stock traded up $3.08 during trading hours on Tuesday, reaching $136.07. 373,860 shares of the stock traded hands, compared to its average volume of 898,896. Mohawk Industries has a one year low of $92.99 and a one year high of $143.13. The firm has a market capitalization of $8.29 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 3.05 and a beta of 1.18. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average price of $111.86 and a 200 day moving average price of $111.47.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, topping the consensus estimate of $2.58 by $1.09. The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, equities research analysts expect that Mohawk Industries will post 8.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the 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 sale, the chief executive officer owned 20,000 shares in the company, valued at approximately $2,241,600. This trade represents a 18.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Suzanne L. Helen sold 16,600 shares of Mohawk Industries stock in a transaction that occurred on 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 sale, the insider directly owned 14,132 shares in the company, valued at $1,596,492.04. This trade represents a 54.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,186 shares of company stock valued at $4,460,321 in the last quarter. 17.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mohawk Industries

Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its stake in Mohawk Industries by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock valued at $39,369,000 after acquiring an additional 42,655 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Mohawk Industries by 0.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock valued at $22,148,000 after purchasing an additional 1,175 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Mohawk Industries during the 1st quarter valued at about $149,000. Creative Planning grew its position in shares of Mohawk Industries by 10.2% during the second quarter. Creative Planning now owns 3,730 shares of the company’s stock valued at $391,000 after purchasing an additional 346 shares in the last quarter. Finally, CW Advisors LLC bought a new stake in shares of Mohawk Industries in the second quarter worth about $280,000. 78.98% of the stock is owned by hedge funds and other institutional investors.

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.