Mohawk Industries (NYSE:MHK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Mohawk Industries (NYSE:MHK) from a hold rating to a buy rating in a research note released on Saturday.

Several other equities research analysts also recently issued reports on MHK. Barclays dropped their price target on shares of Mohawk Industries from $125.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Monday, October 27th. Vertical Research initiated coverage on Mohawk Industries in a research note on Monday, October 20th. They issued a “buy” rating on the stock. Raymond James Financial reissued a “strong-buy” rating and issued a $150.00 price target (up previously from $140.00) on shares of Mohawk Industries in a report on Tuesday, October 21st. Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a report on Friday, October 31st. Finally, Evercore ISI reduced their target price on Mohawk Industries from $124.00 to $118.00 and set an “in-line” rating for the company in a research note on Wednesday, November 19th. 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $137.54.

Mohawk Industries Trading Down 1.7%

NYSE:MHK opened at $108.77 on Friday. The business’s 50-day moving average is $116.69 and its two-hundred day moving average is $117.12. The firm has a market capitalization of $6.72 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 2.25 and a beta of 1.23. Mohawk Industries has a 12 month low of $96.24 and a 12 month high of $143.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 1.24.

Mohawk Industries (NYSE:MHK) last announced its earnings results 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 analysts’ expectations of $2.73 billion. Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.90 earnings per share. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. Research analysts predict that Mohawk Industries will post 9.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Suzanne L. Helen sold 500 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $115.11, for a total value of $57,555.00. Following the completion of the sale, the insider owned 78,243 shares in the company, valued at $9,006,551.73. This represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold a total of 10,171 shares of company stock worth $1,206,482 over the last quarter. 17.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Mohawk Industries

A number of institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp lifted its holdings in shares of Mohawk Industries by 73.2% during the 1st quarter. Mackenzie Financial Corp now owns 3,117 shares of the company’s stock valued at $356,000 after buying an additional 1,317 shares during the last quarter. Federated Hermes Inc. grew its stake in Mohawk Industries by 326.3% during the first quarter. Federated Hermes Inc. now owns 243 shares of the company’s stock worth $28,000 after buying an additional 186 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Mohawk Industries by 4.3% in the first quarter. PNC Financial Services Group Inc. now owns 10,386 shares of the company’s stock valued at $1,186,000 after buying an additional 427 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Mohawk Industries by 1.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 540,197 shares of the company’s stock valued at $61,680,000 after purchasing an additional 5,939 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Mohawk Industries during the first quarter worth $258,000. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Company Profile

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.