Truist Financial Forecasts Strong Price Appreciation for Mohawk Industries (NYSE:MHK) Stock

Mohawk Industries (NYSE:MHK) had its price objective increased by Truist Financial from $148.00 to $155.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective would suggest a potential upside of 18.08% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. Wolfe Research cut shares of Mohawk Industries from an “outperform” rating to a “peer perform” rating in a research report on Wednesday, January 7th. Wells Fargo & Company boosted their target price on shares of Mohawk Industries from $110.00 to $125.00 and gave the stock a “cautious” rating in a report on Wednesday, February 11th. Barclays set a $121.00 price target on shares of Mohawk Industries in a report on Monday, December 8th. Evercore set a $143.00 price objective on Mohawk Industries in a research note on Tuesday. Finally, Robert W. Baird set a $156.00 price objective on Mohawk Industries in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $137.64.

Mohawk Industries Price Performance

Shares of MHK stock traded down $1.33 during trading hours on Tuesday, hitting $131.27. The stock had a trading volume of 152,699 shares, compared to its average volume of 828,922. 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 market capitalization of $8.12 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 3.69 and a beta of 1.23. Mohawk Industries has a one year low of $96.24 and a one year high of $143.13. The stock’s 50-day moving average price is $118.10 and its two-hundred day moving average price is $121.00.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, February 12th. The company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.02. Mohawk Industries had a return on equity of 6.80% and a net margin of 3.43%.The company 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 earned $1.95 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. Equities analysts forecast that Mohawk Industries will post 9.8 EPS for the current year.

Insider Activity at Mohawk Industries

In other news, insider Suzanne L. Helen sold 3,500 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $110.36, for a total value of $386,260.00. Following the sale, the insider directly owned 70,593 shares in the company, valued at approximately $7,790,643.48. This represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 14,485 shares of company stock worth $1,604,006 over the last quarter. Corporate 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 MHK. Goldman Sachs Group Inc. lifted its position in shares of Mohawk Industries by 14.1% during the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock worth $39,369,000 after purchasing an additional 42,655 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Mohawk Industries by 0.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock worth $22,148,000 after buying an additional 1,175 shares during the period. Acadian Asset Management LLC bought a new stake in Mohawk Industries during the 1st quarter valued at about $149,000. Yousif Capital Management LLC boosted its position in Mohawk Industries by 1.1% in the 2nd quarter. Yousif Capital Management LLC now owns 8,374 shares of the company’s stock valued at $878,000 after buying an additional 88 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in Mohawk Industries in the 2nd quarter worth about $337,000. Institutional investors 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.