Mohawk Industries (NYSE:MHK) Sets New 1-Year Low – What’s Next?

Shares of Mohawk Industries, Inc. (NYSE:MHK) reached a new 52-week low on Monday . The stock traded as low as $94.63 and last traded at $95.91, with a volume of 90875 shares traded. The stock had previously closed at $96.80.

Analyst Ratings Changes

A number of brokerages have commented on MHK. Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Barclays set a $121.00 price target on Mohawk Industries in a research note on Monday, December 8th. Robert W. Baird set a $156.00 price target on Mohawk Industries in a report on Tuesday, February 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mohawk Industries in a research report on Wednesday, January 28th. Finally, Royal Bank Of Canada boosted their price objective on Mohawk Industries from $122.00 to $135.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $139.30.

Mohawk Industries Stock Down 0.7%

The business’s fifty day simple moving average is $115.29 and its 200 day simple moving average is $116.16. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 16.23, a price-to-earnings-growth ratio of 1.54 and a beta of 1.24. The company has a current ratio of 2.19, a quick ratio of 1.21 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, February 12th. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.02. Mohawk Industries had a return on equity of 6.80% and a net margin of 3.43%.The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the prior year, the business posted $1.95 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. Equities analysts forecast that Mohawk Industries, Inc. will post 9.8 earnings per share for the current fiscal year.

Insider Transactions at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 5,658 shares of the firm’s stock in a transaction dated 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 owned 61,935 shares in the company, valued at approximately $6,514,942.65. This trade represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 12,000 shares of company stock worth $1,246,336 in the last quarter. 17.40% of the stock is currently owned by company insiders.

Institutional Trading of Mohawk Industries

Hedge funds have recently modified their holdings of the company. Root Financial Partners LLC bought a new position in Mohawk Industries during the 3rd quarter worth approximately $25,000. Bayforest Capital Ltd bought a new stake in Mohawk Industries in the fourth quarter valued at approximately $27,000. Global Retirement Partners LLC raised its holdings in Mohawk Industries by 950.0% in the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after purchasing an additional 228 shares during the period. Transamerica Financial Advisors LLC raised its holdings in Mohawk Industries by 216.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after purchasing an additional 188 shares during the period. Finally, Quent Capital LLC bought a new position in shares of Mohawk Industries during the third quarter worth $33,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

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.