JPMorgan Chase & Co. Cuts Mohawk Industries (NYSE:MHK) Price Target to $138.00

Mohawk Industries (NYSE:MHK) had its price objective reduced by JPMorgan Chase & Co. from $143.00 to $138.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts also recently commented on the stock. Barclays reduced their price target on shares of Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. Zacks Research downgraded shares of Mohawk Industries from a “hold” rating to a “strong sell” rating in a research note on Friday, April 24th. Royal Bank Of Canada increased their target price on Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a report on Tuesday, February 17th. Robert W. Baird decreased their target price on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft set a $109.00 price target on Mohawk Industries in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Mohawk Industries presently has a consensus rating of “Hold” and an average target price of $123.33.

Mohawk Industries Trading Up 0.9%

Shares of MHK opened at $103.66 on Wednesday. The business’s 50-day moving average price is $105.08 and its 200 day moving average price is $112.75. The stock has a market capitalization of $6.32 billion, a P/E ratio of 15.54, a P/E/G ratio of 2.46 and a beta of 1.20. Mohawk Industries has a 1-year low of $93.60 and a 1-year high of $143.13. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. The business’s quarterly revenue was up 8.0% on a year-over-year basis. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Analysts expect that Mohawk Industries will post 8.99 earnings per share for the current year.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 3,000 shares of Mohawk Industries stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $97.80, for a total transaction of $293,400.00. Following the completion of the sale, the insider owned 53,893 shares of the company’s stock, valued at $5,270,735.40. This trade represents a 5.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 12,000 shares of company stock valued at $1,246,336. 17.90% of the stock is owned by corporate insiders.

Institutional Trading of Mohawk Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Rexford Capital Inc. raised its stake in shares of 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 purchasing an additional 100 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in 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 worth $2,224,000 after buying an additional 100 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Mohawk Industries by 1.8% in the first quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock worth $560,000 after buying an additional 101 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Mohawk Industries by 7.2% during the fourth 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, Resona Asset Management Co. Ltd. lifted its stake in Mohawk Industries by 22.6% in the third quarter. Resona Asset Management Co. Ltd. now owns 612 shares of the company’s stock valued at $78,000 after acquiring an additional 113 shares during the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

About Mohawk Industries

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.