Mohawk Industries (NYSE:MHK) Downgraded to Hold Rating by Robert W. Baird

Mohawk Industries (NYSE:MHK) was downgraded by Robert W. Baird from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages also recently weighed in on MHK. Evercore set a $143.00 price target on Mohawk Industries in a report on Tuesday, February 17th. UBS Group reiterated a “neutral” rating and issued a $140.00 price target on shares of Mohawk Industries in a report on Monday, February 16th. Royal Bank Of Canada increased their price target on Mohawk Industries from $122.00 to $135.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Wall Street Zen downgraded Mohawk Industries from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Barclays reduced their price objective on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $130.18.

Mohawk Industries Trading Down 0.7%

Shares of NYSE MHK opened at $108.72 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.21 and a current ratio of 2.19. The business’s 50 day moving average price is $110.08 and its 200-day moving average price is $114.04. Mohawk Industries has a fifty-two week low of $94.56 and a fifty-two week high of $143.13. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 1.76 and a beta of 1.24.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings results on Thursday, February 12th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.02. Mohawk Industries had a return on equity of 6.80% and a net margin of 3.43%.The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the prior year, the business posted $1.95 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. On average, sell-side analysts expect that Mohawk Industries will post 9.43 earnings per share for the current year.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 5,658 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $105.19, for a total transaction of $595,165.02. Following the transaction, the insider directly owned 61,935 shares in the company, valued at $6,514,942.65. This trade represents a 8.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders sold 12,000 shares of company stock worth $1,246,336. Company insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MHK. Root Financial Partners LLC purchased a new position in Mohawk Industries during the 3rd quarter worth $25,000. Bayforest Capital Ltd purchased a new position in Mohawk Industries during the 4th quarter worth $27,000. Global Retirement Partners LLC boosted its position in Mohawk Industries by 950.0% during the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after acquiring an additional 228 shares in the last quarter. Transamerica Financial Advisors LLC boosted its position in Mohawk Industries by 216.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock valued at $30,000 after acquiring an additional 188 shares in the last quarter. Finally, Quent Capital LLC bought a new stake in Mohawk Industries during the 3rd quarter valued at $33,000. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

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.