Mohawk Industries (NYSE:MHK) Raised to Buy at Wall Street Zen

Mohawk Industries (NYSE:MHK) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other analysts have also commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Mohawk Industries in a research report on Monday, April 27th. JPMorgan Chase & Co. decreased their price target on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Zacks Research lowered shares of Mohawk Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft set a $109.00 price target on shares of Mohawk Industries in a research report on Tuesday, May 5th. Finally, Barclays decreased their price objective on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $123.33.

Mohawk Industries Trading Down 0.1%

Shares of MHK opened at $96.45 on Friday. The firm has a market cap of $5.88 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 2.37 and a beta of 1.20. The company has a 50 day simple moving average of $102.58 and a two-hundred day simple moving average of $111.64. Mohawk Industries has a 1 year low of $93.60 and a 1 year high of $143.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23.

Mohawk Industries (NYSE:MHK) last posted its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.10. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. Mohawk Industries’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, equities analysts expect that Mohawk Industries will post 8.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 3,000 shares of Mohawk Industries stock in a transaction that occurred 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 directly owned 53,893 shares in the company, valued at approximately $5,270,735.40. The trade was a 5.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 12,000 shares of company stock worth $1,246,336. Insiders own 17.90% of the company’s stock.

Hedge Funds Weigh In On Mohawk Industries

A number of institutional investors have recently modified their holdings of MHK. Norges Bank purchased a new position in shares of Mohawk Industries during the 4th quarter valued at about $77,528,000. AQR Capital Management LLC increased its holdings in shares of Mohawk Industries by 73.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock valued at $200,922,000 after purchasing an additional 670,601 shares in the last quarter. Steadfast Capital Management LP increased its holdings in shares of Mohawk Industries by 96.3% during the 3rd quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock valued at $120,837,000 after purchasing an additional 459,700 shares in the last quarter. ARGA Investment Management LP increased its holdings in shares of Mohawk Industries by 1,508.1% during the 3rd quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock valued at $63,008,000 after purchasing an additional 458,349 shares in the last quarter. Finally, Candlestick Capital Management LP purchased a new position in shares of Mohawk Industries during the 3rd quarter valued at approximately $53,320,000. Hedge funds and other institutional investors own 78.98% of the company’s stock.

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.