Mohawk Industries, Inc. (MHK) – What Are Brokerages Thinking About This Stock?

Shares of Mohawk Industries, Inc. (NYSE:MHK) have been assigned a consensus rating of “Hold” from the seventeen ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $135.00.

Several brokerages have weighed in on MHK. Melius Research assumed coverage on shares of Mohawk Industries in a research note on Tuesday. They set a “buy” rating and a $188.00 target price for the company. Royal Bank Of Canada downgraded shares of Mohawk Industries from a “sector perform” rating to an “underperform” rating and reduced their price target for the company from $130.00 to $112.00 in a research note on Wednesday. Evercore set a $129.00 price objective on shares of Mohawk Industries in a report on Friday, September 25th. Zacks Research raised shares of Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Finally, Weiss Ratings upgraded shares of Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th.

Insider Transactions at Mohawk Industries

In related news, insider Suzanne L. Helen sold 7,000 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $131.52, for a total transaction of $920,640.00. Following the transaction, the insider owned 7,132 shares of the company’s stock, valued at approximately $938,000.64. This represents a 49.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 53,314 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $131.57, for a total value of $7,014,522.98. Following the transaction, the chief executive officer owned 10,000 shares of the company’s stock, valued at $1,315,700. This trade represents a 84.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 172,996 shares of company stock worth $22,433,248 over the last ninety days. Company insiders own 17.90% of the company’s stock.

Institutional Trading of Mohawk Industries

A number of institutional investors and hedge funds have recently bought and sold shares of MHK. Wedmont Private Capital lifted its position in shares of Mohawk Industries by 23.4% during the third quarter. Wedmont Private Capital now owns 3,410 shares of the company’s stock worth $407,000 after purchasing an additional 647 shares in the last quarter. GAMMA Investing LLC increased its stake in Mohawk Industries by 6.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,195 shares of the company’s stock worth $523,000 after buying an additional 269 shares during the period. Elevation Wealth Partners LLC increased its stake in Mohawk Industries by 149.1% during the 3rd quarter. Elevation Wealth Partners LLC now owns 548 shares of the company’s stock worth $68,000 after buying an additional 328 shares during the period. Versant Capital Management Inc lifted its holdings in Mohawk Industries by 144.1% during the 3rd quarter. Versant Capital Management Inc now owns 2,517 shares of the company’s stock worth $314,000 after buying an additional 1,486 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Mohawk Industries by 15.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 6,574 shares of the company’s stock valued at $798,000 after buying an additional 889 shares during the period. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Mohawk Industries Price Performance

NYSE:MHK opened at $118.01 on Friday. Mohawk Industries has a 52 week low of $92.99 and a 52 week high of $140.30. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $7.99 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.46 and a beta of 1.16. The stock’s fifty day moving average is $129.26 and its two-hundred day moving average is $114.71.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $1.09. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.79 billion. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.77 EPS. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Equities analysts expect that Mohawk Industries will post 9.87 EPS for the current year.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a global flooring manufacturer that produces and distributes products for residential and commercial applications. Its product portfolio includes broadloom carpet, carpet tile, area rugs, ceramic and porcelain tile, natural stone, hardwood, laminate, luxury vinyl tile and other resilient flooring products.

The company markets its products through a portfolio of well-known brands, including Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean and IVC.