Mohawk Industries (NYSE:MHK) Price Target Raised to $125.00

Mohawk Industries (NYSE:MHK) had its price objective hoisted by equities research analysts at Wells Fargo & Company from $115.00 to $125.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential downside of 5.25% from the stock’s current price.

A number of other equities research analysts have also commented on MHK. Wall Street Zen upgraded Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Robert W. Baird raised their price target on shares of Mohawk Industries from $112.00 to $132.00 and gave the stock a “neutral” rating in a research report on Monday. 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. Truist Financial dropped their price objective on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $128.25.

Mohawk Industries Stock Performance

MHK traded up $8.83 on Monday, reaching $131.93. 149,908 shares of the stock were exchanged, compared to its average volume of 889,386. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.92 and a quick ratio of 1.13. The company’s 50-day moving average price is $111.26 and its 200 day moving average price is $111.39. The firm has a market capitalization of $8.04 billion, a PE ratio of 17.39, a PEG ratio of 3.05 and a beta of 1.18. Mohawk Industries has a fifty-two week low of $92.99 and a fifty-two week high of $143.13.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $1.09. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.79 billion. During the same period in the prior year, the company earned $2.77 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. As a group, sell-side analysts forecast that Mohawk Industries will post 8.67 EPS for the current fiscal year.

Insider Activity

In related news, insider Suzanne L. Helen sold 16,600 shares of Mohawk Industries stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $112.97, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $112.08, for a total value of $504,360.00. Following the completion of the transaction, the chief executive officer directly owned 20,000 shares of the company’s stock, valued at $2,241,600. The trade was a 18.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 40,186 shares of company stock worth $4,460,321. 17.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mohawk Industries

Several large investors have recently made changes to their positions in MHK. Basecamp Wealth Advisors LLC grew its position in Mohawk Industries by 2,281.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock valued at $26,000 after buying an additional 251 shares during the period. Bayforest Capital Ltd purchased a new stake in shares of Mohawk Industries during the 4th quarter worth about $27,000. Elevation Wealth Partners LLC boosted its stake in shares of Mohawk Industries by 122.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock worth $27,000 after acquiring an additional 121 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of Mohawk Industries by 950.0% during the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after acquiring an additional 228 shares during the period. Finally, Transamerica Financial Advisors LLC grew its position in shares of Mohawk Industries by 216.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock valued at $30,000 after acquiring an additional 188 shares during the period. 78.98% of the stock is currently owned by institutional investors and hedge funds.

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.