Mohawk Industries (NYSE:MHK) Releases Earnings Results, Beats Expectations By $1.09 EPS

Mohawk Industries (NYSE:MHK) released its quarterly earnings results on Thursday. The company reported $3.67 EPS for the quarter, topping the consensus estimate of $2.58 by $1.09, FiscalAI reports. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%. Mohawk Industries updated its Q3 2026 guidance to 2.380-2.480 EPS.

Mohawk Industries Stock Performance

Shares of NYSE:MHK traded up $6.09 during trading on Thursday, reaching $119.47. 2,439,435 shares of the company’s stock traded hands, compared to its average volume of 887,197. The stock has a market capitalization of $7.28 billion, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 2.90 and a beta of 1.18. Mohawk Industries has a 12 month low of $92.99 and a 12 month high of $143.13. The company has a 50 day moving average of $110.51 and a 200-day moving average of $111.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23.

Analysts Set New Price Targets

A number of equities analysts have issued reports on MHK shares. Zacks Research raised Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Weiss Ratings raised shares of Mohawk Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, July 23rd. Bank of America restated a “neutral” rating and issued a $122.00 price target (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. Wells Fargo & Company reduced their price objective on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Finally, Barclays raised their price objective on shares of Mohawk Industries from $96.00 to $109.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $124.42.

Insider Buying and Selling

In related news, insider Suzanne L. Helen sold 16,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $112.97, for a total value of $1,875,302.00. Following the sale, the insider owned 14,132 shares of the company’s stock, valued at approximately $1,596,492.04. This trade represents a 54.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total value of $527,650.00. Following the transaction, the chief executive officer owned 25,000 shares of the company’s stock, valued at approximately $2,638,250. The trade was a 16.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 40,186 shares of company stock valued at $4,460,321. 17.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Mohawk Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Rexford Capital Inc. grew its position in shares of 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 acquiring an additional 100 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Mohawk Industries by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock valued at $2,224,000 after purchasing an additional 100 shares during the last quarter. Glenmede Investment Management LP boosted its stake in Mohawk Industries by 6.0% during the 3rd quarter. Glenmede Investment Management LP now owns 2,729 shares of the company’s stock valued at $352,000 after purchasing an additional 154 shares during the period. Parallel Advisors LLC boosted its stake in Mohawk Industries by 56.5% during the 4th quarter. Parallel Advisors LLC now owns 507 shares of the company’s stock valued at $55,000 after purchasing an additional 183 shares during the period. Finally, UMB Bank n.a. grew its position in Mohawk Industries by 1.6% in the 4th quarter. UMB Bank n.a. now owns 11,585 shares of the company’s stock worth $1,266,000 after purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds 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.