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

Mohawk Industries, Inc. (NYSE:MHK) has received a consensus recommendation of “Hold” from the sixteen ratings firms that are presently covering the company, Marketbeat reports. Twelve analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $130.50.

A number of research firms have weighed in on MHK. 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, August 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $121.00 price objective on shares of Mohawk Industries in a research note on Tuesday, August 4th. JPMorgan Chase & Co. decreased their target price on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. Evercore set a $110.00 target price on shares of Mohawk Industries in a research note on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th.

Mohawk Industries Stock Down 1.5%

MHK stock opened at $133.18 on Friday. Mohawk Industries has a twelve month low of $92.99 and a twelve month high of $143.13. 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 market cap of $9.02 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 1.99 and a beta of 1.18. The business’s 50-day simple moving average is $119.77 and its 200 day simple moving average is $112.80.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, July 30th. The company reported $3.67 EPS for the quarter, beating the consensus estimate of $2.58 by $1.09. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same quarter in the prior year, the firm posted $2.77 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, research analysts anticipate that Mohawk Industries will post 9.69 earnings per share for the current year.

Insider Buying and Selling

In other Mohawk Industries news, CEO Jeffrey S. Lorberbaum sold 53,314 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $131.57, for a total value of $7,014,522.98. Following the sale, the chief executive officer directly owned 10,000 shares in the company, valued at $1,315,700. This represents a 84.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Suzanne L. Helen sold 16,600 shares of the stock in a transaction 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 transaction, the insider owned 14,132 shares of the company’s stock, valued at $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 120,882 shares of company stock worth $15,131,598 in the last 90 days. 17.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Mohawk Industries

Hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in shares of Mohawk Industries by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock valued at $2,224,000 after buying an additional 100 shares during the period. Rexford Capital Inc. increased its stake in Mohawk Industries by 10.1% during the 4th quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock worth $119,000 after acquiring an additional 100 shares during the period. Sequoia Financial Advisors LLC increased its stake in Mohawk Industries by 1.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock worth $560,000 after acquiring an additional 101 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Mohawk Industries by 7.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock valued at $171,000 after acquiring an additional 105 shares in the last quarter. Finally, Elevation Wealth Partners LLC lifted its position in shares of Mohawk Industries by 122.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock valued at $27,000 after acquiring an additional 121 shares during the period. Institutional investors and hedge funds 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.