Mohawk Industries (NYSE:MHK) Price Target Lowered to $125.00 at Wells Fargo & Company

Mohawk Industries (NYSE:MHK) had its price target lowered by Wells Fargo & Company from $130.00 to $125.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 10.64% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. Barclays lowered their price target on Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating on the stock in a report on Monday, October 27th. Vertical Research started coverage on Mohawk Industries in a research report on Monday, October 20th. They issued a “buy” rating for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday, October 31st. Raymond James Financial reaffirmed a “strong-buy” rating and set a $150.00 price target (up previously from $140.00) on shares of Mohawk Industries in a report on Tuesday, October 21st. Finally, Evercore ISI decreased their price objective on shares of Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a report on Wednesday, November 19th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $137.62.

Mohawk Industries Stock Down 1.9%

Shares of NYSE:MHK traded down $2.24 during trading on Thursday, reaching $112.98. 133,860 shares of the stock traded hands, compared to its average volume of 798,628. The stock has a market cap of $6.98 billion, a P/E ratio of 16.81, a price-to-earnings-growth ratio of 2.34 and a beta of 1.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.24 and a current ratio of 2.25. The stock has a 50-day moving average of $117.72 and a two-hundred day moving average of $116.92. Mohawk Industries has a 52-week low of $96.24 and a 52-week high of $143.13.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $2.67 earnings per share for the quarter, missing analysts’ consensus estimates of $2.68 by ($0.01). Mohawk Industries had a return on equity of 6.97% and a net margin of 3.93%.The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the firm earned $2.90 earnings per share. Mohawk Industries’s revenue was up 1.4% on a year-over-year basis. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. As a group, sell-side analysts expect that Mohawk Industries will post 9.8 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Suzanne L. Helen sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $109.54, for a total transaction of $273,850.00. Following the completion of the sale, the insider directly owned 79,878 shares in the company, valued at approximately $8,749,836.12. The trade was a 3.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 10,541 shares of company stock valued at $1,256,543 over the last quarter. Company insiders own 17.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of MHK. JPMorgan Chase & Co. increased its stake in shares of Mohawk Industries by 12.8% in the 1st quarter. JPMorgan Chase & Co. now owns 3,626,004 shares of the company’s stock worth $414,017,000 after purchasing an additional 410,388 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Mohawk Industries by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,085,012 shares of the company’s stock valued at $397,714,000 after purchasing an additional 37,487 shares in the last quarter. Invesco Ltd. grew its holdings in Mohawk Industries by 7.4% during the second quarter. Invesco Ltd. now owns 1,957,197 shares of the company’s stock valued at $205,192,000 after purchasing an additional 135,246 shares during the period. State Street Corp increased its position in Mohawk Industries by 2.1% in the second quarter. State Street Corp now owns 1,915,831 shares of the company’s stock worth $200,856,000 after buying an additional 39,556 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Mohawk Industries by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,829,830 shares of the company’s stock worth $235,902,000 after buying an additional 9,516 shares in the last quarter. Hedge funds and other institutional investors own 78.98% of the company’s stock.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.