Brokerages Set Mohawk Industries, Inc. (NYSE:MHK) PT at $123.33

Shares of Mohawk Industries, Inc. (NYSE:MHK) have received a consensus rating of “Hold” from the fifteen research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $123.3333.

Several research analysts have issued reports on the company. Robert W. Baird reduced their price objective on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Barclays cut their price target 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. Zacks Research raised Mohawk Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Wells Fargo & Company cut their price target on Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft set a $109.00 price target on Mohawk Industries in a research note on Tuesday, May 5th.

Mohawk Industries Stock Down 1.1%

NYSE:MHK opened at $119.73 on Thursday. The stock’s fifty day moving average price is $105.77 and its two-hundred day moving average price is $110.80. Mohawk Industries has a 52-week low of $92.99 and a 52-week high of $143.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16. The company has a market cap of $7.30 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 2.96 and a beta of 1.20.

Mohawk Industries (NYSE:MHK) last posted 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 the consensus estimate of $2.74 billion. During the same quarter in the prior year, the business earned $1.52 EPS. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, analysts anticipate that Mohawk Industries will post 8.71 EPS for the current year.

Insiders Place Their Bets

In other news, 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 transaction, the chief executive officer owned 25,000 shares of the company’s stock, valued at $2,638,250. This represents a 16.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Suzanne L. Helen sold 16,600 shares of the stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $112.97, for a total value of $1,875,302.00. Following the completion of the transaction, the insider directly owned 14,132 shares in the company, valued at approximately $1,596,492.04. This trade represents a 54.02% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 40,186 shares of company stock worth $4,460,321. 17.90% of the stock is currently owned by company insiders.

Institutional Trading of Mohawk Industries

Several hedge funds have recently added to or reduced their stakes in MHK. Norges Bank acquired a new stake in Mohawk Industries during the 4th quarter worth $77,528,000. AQR Capital Management LLC raised its stake in Mohawk Industries by 73.9% during the 3rd quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock worth $200,922,000 after buying an additional 670,601 shares during the period. Steadfast Capital Management LP raised its stake in Mohawk Industries by 96.3% during the 3rd quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock worth $120,837,000 after buying an additional 459,700 shares during the period. Candlestick Capital Management LP acquired a new stake in Mohawk Industries during the 3rd quarter worth $53,320,000. Finally, Freestone Grove Partners LP acquired a new stake in Mohawk Industries during the 3rd quarter worth $36,076,000. Institutional investors and hedge funds own 78.98% of the company’s stock.

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.