Mohawk Industries (NYSE:MHK) Price Target Lowered to $105.00 at Wells Fargo & Company

Mohawk Industries (NYSE:MHK) had its price objective trimmed by Wells Fargo & Company from $125.00 to $105.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other research firms have also issued reports on MHK. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mohawk Industries in a research note on Wednesday, January 28th. Wolfe Research lowered Mohawk Industries from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. Truist Financial increased their price objective on Mohawk Industries from $148.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Jefferies Financial Group dropped their price objective on Mohawk Industries from $134.00 to $128.00 and set a “hold” rating for the company in a research note on Monday, December 15th. Finally, UBS Group reiterated a “neutral” rating and set a $140.00 price objective on shares of Mohawk Industries in a research note on Monday, February 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Mohawk Industries presently has a consensus rating of “Hold” and a consensus target price of $134.80.

Mohawk Industries Stock Performance

Mohawk Industries stock opened at $101.04 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.19 and a quick ratio of 1.21. The stock has a fifty day moving average price of $114.00 and a two-hundred day moving average price of $115.58. Mohawk Industries has a 52-week low of $94.56 and a 52-week high of $143.13. The firm has a market capitalization of $6.21 billion, a P/E ratio of 17.07, a P/E/G ratio of 1.54 and a beta of 1.24.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, February 12th. The company reported $2.00 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $2.68 billion. During the same period in the prior year, the company posted $1.95 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. As a group, analysts anticipate that Mohawk Industries will post 9.8 EPS for the current fiscal year.

Insider Buying and Selling at Mohawk Industries

In other news, insider Suzanne L. Helen sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $97.80, for a total value of $293,400.00. Following the completion of the sale, the insider directly owned 53,893 shares in the company, valued at approximately $5,270,735.40. This trade represents a 5.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold 12,000 shares of company stock valued at $1,246,336 in the last three months. Company insiders own 17.40% of the company’s stock.

Institutional Trading of Mohawk Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in MHK. AEGON ASSET MANAGEMENT UK Plc bought a new position in Mohawk Industries in the third quarter valued at about $20,054,000. Wilsey Asset Management Inc. boosted its holdings in Mohawk Industries by 11.5% in the fourth quarter. Wilsey Asset Management Inc. now owns 237,869 shares of the company’s stock valued at $25,999,000 after acquiring an additional 24,621 shares during the last quarter. ARGA Investment Management LP boosted its holdings in Mohawk Industries by 1,508.1% in the third quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock valued at $63,008,000 after acquiring an additional 458,349 shares during the last quarter. Schroder Investment Management Group boosted its holdings in Mohawk Industries by 3.4% in the third quarter. Schroder Investment Management Group now owns 837,556 shares of the company’s stock valued at $107,978,000 after acquiring an additional 27,888 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Mohawk Industries by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,829,830 shares of the company’s stock valued at $235,902,000 after acquiring an additional 9,516 shares during the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

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.