Short Interest in Mohawk Industries, Inc. (NYSE:MHK) Decreases By 20.2%

Mohawk Industries, Inc. (NYSE:MHK) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 2,052,626 shares, a decline of 20.2% from the February 12th total of 2,570,761 shares. Currently, 4.0% of the shares of the company are short sold. Based on an average daily volume of 631,005 shares, the days-to-cover ratio is currently 3.3 days. Based on an average daily volume of 631,005 shares, the days-to-cover ratio is currently 3.3 days. Currently, 4.0% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of research firms recently issued reports on MHK. Wells Fargo & Company raised their price target on Mohawk Industries from $110.00 to $125.00 and gave the stock a “cautious” rating in a report on Wednesday, February 11th. 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 report on Tuesday, February 17th. Wall Street Zen raised Mohawk Industries from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada increased their price target on Mohawk Industries from $122.00 to $135.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 17th. Finally, Wolfe Research cut shares of Mohawk Industries from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Mohawk Industries has an average rating of “Hold” and an average target price of $137.64.

Mohawk Industries Price Performance

Shares of NYSE MHK traded down $0.53 during midday trading on Friday, hitting $102.47. The company had a trading volume of 786,082 shares, compared to its average volume of 933,944. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 1.63 and a beta of 1.19. Mohawk Industries has a twelve month low of $96.24 and a twelve month high of $143.13. The business has a 50-day simple moving average of $121.10 and a two-hundred day simple moving average of $120.02. The company has a quick ratio of 1.21, a current ratio of 2.19 and a debt-to-equity ratio of 0.21.

Mohawk Industries (NYSE:MHK) last issued its earnings results on Thursday, February 12th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.02. Mohawk Industries had a net margin of 3.43% and a return on equity of 6.80%. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period in the prior year, the business posted $1.95 earnings per share. The firm’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. Equities research analysts anticipate that Mohawk Industries will post 9.8 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Suzanne L. Helen sold 5,658 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $105.19, for a total value of $595,165.02. Following the completion of the sale, the insider directly owned 61,935 shares of the company’s stock, valued at approximately $6,514,942.65. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 15,200 shares of company stock valued at $1,648,276 in the last quarter. Insiders own 17.40% of the company’s stock.

Hedge Funds Weigh In On Mohawk Industries

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Mohawk Industries by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,138,557 shares of the company’s stock worth $343,045,000 after purchasing an additional 53,545 shares in the last quarter. Invesco Ltd. increased its position in shares of Mohawk Industries by 7.4% in the second quarter. Invesco Ltd. now owns 1,957,197 shares of the company’s stock valued at $205,192,000 after buying an additional 135,246 shares in the last quarter. State Street Corp increased its position in shares of Mohawk Industries by 2.1% in the second quarter. State Street Corp now owns 1,915,831 shares of the company’s stock valued at $200,856,000 after buying an additional 39,556 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Mohawk Industries by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,829,830 shares of the company’s stock worth $235,902,000 after buying an additional 9,516 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Mohawk Industries by 15.9% in the 4th quarter. AQR Capital Management LLC now owns 1,829,347 shares of the company’s stock worth $199,948,000 after buying an additional 251,012 shares in the last quarter. 78.98% of the stock is owned by hedge funds and other institutional investors.

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.