Mohawk Industries, Inc. (NYSE:MHK) Receives Average Rating of “Hold” from Brokerages

Shares of Mohawk Industries, Inc. (NYSE:MHK) have been given an average rating of “Hold” by the fifteen brokerages that are covering the company, MarketBeat reports. Eleven research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $124.4167.

MHK has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price objective on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Evercore set a $110.00 target price on Mohawk Industries in a research note on Monday, May 4th. Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Robert W. Baird dropped their price target on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. cut their price objective on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th.

Mohawk Industries Stock Down 0.1%

MHK stock opened at $113.16 on Monday. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21. The company’s 50 day moving average is $109.43 and its 200 day moving average is $111.27. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 2.81 and a beta of 1.18. Mohawk Industries has a 1-year low of $92.99 and a 1-year high of $143.13.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share 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 business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same period last year, the firm posted $1.52 earnings per share. Mohawk Industries’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. Sell-side analysts predict that Mohawk Industries will post 8.67 EPS for the current fiscal year.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 16,600 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $112.97, for a total value of $1,875,302.00. Following the completion of the sale, the insider owned 14,132 shares of the company’s stock, valued at $1,596,492.04. This represents a 54.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $112.08, for a total transaction of $504,360.00. Following the transaction, the chief executive officer owned 20,000 shares in the company, valued at $2,241,600. The trade was a 18.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 40,186 shares of company stock valued at $4,460,321 in the last 90 days. 17.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mohawk Industries

Several institutional investors and hedge funds have recently made changes to their positions in the business. UBS Group AG grew its stake in shares of Mohawk Industries by 6.1% during the fourth quarter. UBS Group AG now owns 227,068 shares of the company’s stock valued at $24,819,000 after buying an additional 13,090 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Mohawk Industries by 93.3% in the 4th quarter. State of Alaska Department of Revenue now owns 42,941 shares of the company’s stock valued at $4,693,000 after acquiring an additional 20,728 shares during the last quarter. Tejara Capital Ltd bought a new stake in shares of Mohawk Industries in the 4th quarter valued at about $2,514,000. Olstein Capital Management L.P. boosted its holdings in Mohawk Industries by 23.9% during the 4th quarter. Olstein Capital Management L.P. now owns 68,750 shares of the company’s stock valued at $7,514,000 after acquiring an additional 13,250 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Mohawk Industries by 768.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 32,064 shares of the company’s stock worth $3,505,000 after acquiring an additional 28,373 shares during the last quarter. Institutional investors own 78.98% of the company’s stock.

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.