Mohawk Industries (NYSE:MHK) Raised to “Buy” at Wall Street Zen

Mohawk Industries (NYSE:MHK) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also recently weighed in on MHK. Wells Fargo & Company reduced their price target on Mohawk Industries from $130.00 to $125.00 and set an “equal weight” rating for the company in a research report on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a report on Friday, October 31st. Vertical Research started coverage on Mohawk Industries in a research report on Monday, October 20th. They set a “buy” rating for the company. Barclays dropped their price target on shares of Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating on the stock in a research report on Monday, October 27th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $150.00 price objective (up from $140.00) on shares of Mohawk Industries in a research note on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $137.62.

Mohawk Industries Stock Down 1.2%

Shares of Mohawk Industries stock opened at $110.65 on Friday. The stock has a 50-day simple moving average of $117.08 and a 200-day simple moving average of $117.08. Mohawk Industries has a 52-week low of $96.24 and a 52-week high of $143.13. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 16.47, a P/E/G ratio of 2.25 and a beta of 1.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 1.24.

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

Insider Transactions at Mohawk Industries

In other news, insider Suzanne L. Helen sold 500 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $115.11, for a total transaction of $57,555.00. Following the transaction, the insider owned 78,243 shares in the company, valued at approximately $9,006,551.73. The trade was a 0.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 10,541 shares of company stock valued at $1,256,543. Company insiders own 17.40% of the company’s stock.

Hedge Funds Weigh In On Mohawk Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atlas FRM LLC grew its position in Mohawk Industries by 28.0% during the 2nd quarter. Atlas FRM LLC now owns 608,000 shares of the company’s stock worth $63,743,000 after acquiring an additional 133,000 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Mohawk Industries by 12.8% in the first 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. Sequoia Financial Advisors LLC acquired a new position in Mohawk Industries in the second quarter worth $337,000. Charles Schwab Investment Management Inc. increased its stake in shares of Mohawk Industries by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 540,197 shares of the company’s stock valued at $61,680,000 after buying an additional 5,939 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of Mohawk Industries by 34.3% in the first quarter. Royal Bank of Canada now owns 91,119 shares of the company’s stock valued at $10,404,000 after buying an additional 23,252 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors.

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.