Mohawk Industries (NYSE:MHK) Stock Bumped Down to Hold by Wall Street Zen

Wall Street Zen lowered shares of Mohawk Industries (NYSE:MHK) from a buy rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on the company. Royal Bank Of Canada cut Mohawk Industries from a “sector perform” rating to an “underperform” rating and decreased their target price for the stock from $130.00 to $112.00 in a report on Wednesday, October 7th. Wells Fargo & Company boosted their target price on Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Barclays upped their target price on Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Melius Research initiated coverage on Mohawk Industries in a research report on Tuesday, October 6th. They issued a “buy” rating and a $188.00 price target for the company. Finally, Truist Financial lifted their price target on Mohawk Industries from $135.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Three analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $133.75.

Mohawk Industries Trading Up 7.4%

Shares of NYSE:MHK opened at $139.57 on Friday. The stock has a market capitalization of $9.45 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 2.00 and a beta of 1.16. Mohawk Industries has a 1-year low of $92.99 and a 1-year high of $141.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.92. The company has a 50 day moving average price of $125.73 and a 200 day moving average price of $116.57.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, October 29th. The company reported $2.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.14. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.82 billion. Mohawk Industries had a net margin of 4.63% and a return on equity of 7.44%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.67 earnings per share. On average, research analysts anticipate that Mohawk Industries will post 9.80 EPS for the current fiscal year.

Insider Transactions at Mohawk Industries

In related news, CEO Jeffrey S. Lorberbaum sold 11,400 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $128.21, for a total transaction of $1,461,594.00. Following the transaction, the chief executive officer directly owned 59,299 shares of the company’s stock, valued at approximately $7,602,724.79. The trade was a 16.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bernard Thiers sold 13,393 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $134.98, for a total value of $1,807,787.14. Following the completion of the sale, the director directly owned 93,633 shares of the company’s stock, valued at approximately $12,638,582.34. This represents a 12.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 172,996 shares of company stock valued at $22,433,248 over the last quarter. Company insiders own 17.90% of the company’s stock.

Hedge Funds Weigh In On Mohawk Industries

Several institutional investors and hedge funds have recently bought and sold shares of MHK. Chicago Partners Investment Group LLC lifted its stake in shares of Mohawk Industries by 37.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 15,062 shares of the company’s stock valued at $1,879,000 after purchasing an additional 4,083 shares during the last quarter. Provenance Wealth Advisors LLC bought a new stake in Mohawk Industries in the third quarter worth $36,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Mohawk Industries in the third quarter worth $81,000. Vise Technologies Inc. increased its position in Mohawk Industries by 98.9% during the third quarter. Vise Technologies Inc. now owns 4,000 shares of the company’s stock worth $499,000 after buying an additional 1,989 shares during the last quarter. Finally, Choreo LLC acquired a new position in Mohawk Industries during the third quarter worth $458,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries News Roundup

Here are the key news stories impacting Mohawk Industries this week:

• Positive Sentiment: Q3 earnings exceeded expectations: Mohawk reported diluted EPS of $2.72, up from $2.67 a year earlier and above the approximately $2.56–$2.58 analyst consensus. Net sales rose about 1% year over year to $2.786 billion, while operating income increased to $187.7 million from $136.7 million. Mohawk Industries Reports Q3 2026 Results
• Positive Sentiment: Cash flow and shareholder returns were strong: Operating cash flow reached $471 million and free cash flow totaled $390 million, up 78% year to date. The company repurchased approximately 2.0 million shares for $261 million during the quarter, reducing shares outstanding by about 4%. Mohawk Industries Reports Q3 2026 Sales and EPS
• Positive Sentiment: New buyback authorization supports the stock: Mohawk approved an additional repurchase program of up to $500 million and introduced a long-term strategic and capital-allocation framework focused on shareholder value creation. Mohawk Announces New Share Repurchase Authorization
• Neutral Sentiment: Results were mixed by segment: Growth in Global Ceramic and Flooring North America helped offset broadly flat adjusted sales, with adjusted EBITDA of approximately $353 million and a 12.7% margin.
• Negative Sentiment: Revenue missed forecasts and near-term guidance is cautious: Sales came in below the roughly $2.82 billion consensus estimate. Management forecast fourth-quarter adjusted EPS of $1.35–$1.45, indicating weaker sequential earnings momentum and leaving investors sensitive to demand conditions in the flooring market. Mohawk Industries Q3 2026 Earnings Call Transcript

Mohawk Industries Company Profile

Mohawk Industries, Inc is a global manufacturer and distributor of flooring products. The company serves residential and commercial customers through products sold to retailers, distributors, builders, contractors and other industry professionals.

Its product portfolio includes carpet, rugs, ceramic and porcelain tile, hardwood flooring, laminate, luxury vinyl tile and other resilient flooring products. Mohawk markets products under a range of well-known brands, including Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean and Durkan.

The company traces its origins to a carpet mill established in 1878 and is headquartered in Calhoun, Georgia.