Mohawk Industries (NYSE:MHK) Price Target Lowered to $118.00 at Evercore ISI

Mohawk Industries (NYSE:MHK) had its price objective dropped by investment analysts at Evercore ISI from $124.00 to $118.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s price objective would indicate a potential upside of 13.50% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Robert W. Baird increased their price target on shares of Mohawk Industries from $130.00 to $142.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Barclays cut their target price on Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating on the stock in a research report on Monday, October 27th. Royal Bank Of Canada restated a “sector perform” rating and issued a $123.00 price target (up from $119.00) on shares of Mohawk Industries in a research report on Monday, July 28th. Vertical Research assumed coverage on shares of Mohawk Industries in a research report on Monday, October 20th. They set a “buy” rating on the stock. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mohawk Industries in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $138.00.

Mohawk Industries Price Performance

NYSE MHK traded down $0.12 during trading hours on Wednesday, reaching $103.97. The company’s stock had a trading volume of 117,569 shares, compared to its average volume of 798,023. Mohawk Industries has a 1 year low of $96.24 and a 1 year high of $146.93. The company has a quick ratio of 1.24, a current ratio of 2.25 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 2.38 and a beta of 1.31. The firm’s 50-day moving average price is $122.31 and its 200-day moving average price is $116.52.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, October 23rd. The company reported $2.67 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.01). The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.73 billion. Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the company earned $2.90 EPS. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. On average, equities research analysts predict that Mohawk Industries will post 9.8 EPS for the current fiscal year.

Insider Activity at Mohawk Industries

In related news, insider Suzanne L. Helen sold 2,200 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $137.19, for a total value of $301,818.00. Following the transaction, the insider owned 85,493 shares of the company’s stock, valued at $11,728,784.67. This represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 7,206 shares of company stock worth $900,089 over the last 90 days. Company insiders own 17.40% of the company’s stock.

Institutional Trading of Mohawk Industries

Several institutional investors and hedge funds have recently made changes to their positions in MHK. Root Financial Partners LLC bought a new stake in shares of Mohawk Industries in the 3rd quarter valued at about $25,000. Federated Hermes Inc. raised its stake in Mohawk Industries by 326.3% in the first quarter. Federated Hermes Inc. now owns 243 shares of the company’s stock worth $28,000 after buying an additional 186 shares in the last quarter. Quent Capital LLC purchased a new stake in Mohawk Industries during the third quarter worth $33,000. MTM Investment Management LLC purchased a new position in shares of Mohawk Industries in the 2nd quarter valued at $28,000. Finally, SJS Investment Consulting Inc. raised its position in shares of Mohawk Industries by 5,385.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 384 shares of the company’s stock worth $50,000 after acquiring an additional 377 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors.

About Mohawk Industries

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.