Mohawk Industries, Inc. (NYSE:MHK) Receives $130.50 Average Target Price from Brokerages

Mohawk Industries, Inc. (NYSE:MHK) has received an average rating of “Hold” from the sixteen research firms that are currently covering the firm, MarketBeat reports. Twelve 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 target price among brokers that have issued ratings on the stock in the last year is $130.50.

Several equities research analysts have commented on MHK shares. Robert W. Baird upped their price objective on shares of Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research note on Sunday, June 21st. Royal Bank Of Canada lifted their target price on shares of Mohawk Industries from $117.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Monday, August 3rd. Bank of America reissued a “neutral” rating and issued a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. Finally, Weiss Ratings upgraded shares of Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th.

Mohawk Industries Price Performance

Shares of NYSE MHK opened at $139.99 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $117.44 and a two-hundred day simple moving average of $112.38. Mohawk Industries has a 1-year low of $92.99 and a 1-year high of $143.13. The firm has a market cap of $9.48 billion, a price-to-earnings ratio of 18.54, a price-to-earnings-growth ratio of 2.07 and a beta of 1.18.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, July 30th. The company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $1.09. The firm had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.79 billion. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The business’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.77 earnings per share. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Analysts anticipate that Mohawk Industries will post 9.69 earnings per share for the current year.

Insider Buying and Selling at Mohawk Industries

In other news, CAO David Lee Repp sold 225 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $130.59, for a total value of $29,382.75. Following the completion of the transaction, the chief accounting officer directly owned 1,786 shares of the company’s stock, valued at $233,233.74. This trade represents a 11.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Suzanne L. Helen sold 7,000 shares of Mohawk Industries stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $131.52, for a total value of $920,640.00. Following the completion of the transaction, the insider owned 7,132 shares of the company’s stock, valued at approximately $938,000.64. This trade represents a 49.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 119,882 shares of company stock worth $14,992,118. 17.90% of the stock is owned by insiders.

Institutional Trading of Mohawk Industries

Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its stake 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 valued at $2,224,000 after acquiring an additional 100 shares during the last quarter. Rexford Capital Inc. lifted its stake in Mohawk Industries by 10.1% during the fourth quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock worth $119,000 after purchasing an additional 100 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Mohawk Industries by 1.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock worth $560,000 after purchasing an additional 101 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Mohawk Industries by 7.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock valued at $171,000 after purchasing an additional 105 shares during the last quarter. Finally, Elevation Wealth Partners LLC increased its position in shares of Mohawk Industries by 122.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock valued at $27,000 after purchasing an additional 121 shares during the last quarter. Hedge funds and other 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.