Mohawk Industries, Inc. (NYSE:MHK) Receives Average Recommendation of “Hold” from Brokerages

Shares of Mohawk Industries, Inc. (NYSE:MHK) have received an average rating of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $123.3333.

Several equities analysts recently issued reports on MHK shares. Bank of America restated a “neutral” rating and set a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. Barclays reduced their price objective on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft set a $109.00 price objective on Mohawk Industries in a research note on Tuesday, May 5th. UBS Group reaffirmed a “neutral” rating and issued a $140.00 target price on shares of Mohawk Industries in a research report on Monday, February 16th. Finally, Wells Fargo & Company dropped their target price on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 1,887 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $106.06, for a total value of $200,135.22. Following the sale, the insider directly owned 48,049 shares of the company’s stock, valued at $5,096,076.94. This trade represents a 3.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the 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 completion of the sale, the chief executive officer directly owned 25,000 shares in the company, valued at $2,638,250. This represents a 16.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 19,544 shares of company stock worth $2,037,277 over the last ninety days. 17.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mohawk Industries

Several large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC increased its position in Mohawk Industries by 51.3% in the first quarter. NewEdge Advisors LLC now owns 3,278 shares of the company’s stock worth $323,000 after buying an additional 1,112 shares during the period. Essential Partners LLC increased its position in Mohawk Industries by 129.3% in the first quarter. Essential Partners LLC now owns 1,892 shares of the company’s stock worth $186,000 after buying an additional 1,067 shares during the period. Bank of America Corp DE increased its position in Mohawk Industries by 68.0% in the first quarter. Bank of America Corp DE now owns 444,345 shares of the company’s stock worth $43,750,000 after buying an additional 179,925 shares during the period. Kentucky Retirement Systems acquired a new stake in Mohawk Industries in the first quarter worth $496,000. Finally, Lodge Hill Capital LLC grew its stake in shares of Mohawk Industries by 7.1% in the first quarter. Lodge Hill Capital LLC now owns 302,480 shares of the company’s stock worth $29,782,000 after purchasing an additional 20,000 shares in the last quarter. 78.98% of the stock is owned by institutional investors and hedge funds.

Mohawk Industries Stock Performance

Shares of MHK opened at $102.73 on Friday. The business’s fifty day moving average price is $102.46 and its 200 day moving average price is $110.82. Mohawk Industries has a 12-month low of $92.99 and a 12-month high of $143.13. The stock has a market capitalization of $6.26 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 2.55 and a beta of 1.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.80 by $0.10. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period last year, the business posted $1.52 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Equities research analysts forecast that Mohawk Industries will post 8.67 EPS for the current year.

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.