Mohawk Industries (NYSE:MHK) Shares Climb 8.5% – Should You Buy?

Mohawk Industries, Inc. (NYSE:MHK) rose 8.5% during trading on Thursday. The company traded as high as $127.83 and last traded at $128.0360. Approximately 855,574 shares changed hands during mid-day trading, a decline of 9% from the average session volume of 938,759 shares. The stock had previously closed at $118.04.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on MHK shares. Evercore set a $129.00 target price on Mohawk Industries in a report on Friday, September 25th. Royal Bank Of Canada lowered shares of Mohawk Industries from a “sector perform” rating to an “underperform” rating and lowered their target price for the company from $130.00 to $112.00 in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $121.00 price objective on shares of Mohawk Industries in a report on Tuesday, August 4th. Robert W. Baird increased their price objective on shares of Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Finally, Truist Financial upped their target price on shares of Mohawk Industries from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Mohawk Industries currently has a consensus rating of “Hold” and a consensus price target of $133.75.

Mohawk Industries Stock Down 3.1%

The firm’s fifty day simple moving average is $126.21 and its 200 day simple moving average is $116.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.92. The stock has a market capitalization of $8.45 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 1.83 and a beta of 1.16.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results 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 firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same period last year, the company earned $2.77 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, sell-side analysts forecast that Mohawk Industries, Inc. will post 9.85 earnings per share for the current year.

Insider Activity at Mohawk Industries

In other news, CEO Jeffrey Lorberbaum sold 11,400 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $128.21, for a total transaction of $1,461,594.00. Following the completion of the sale, the chief executive officer owned 59,299 shares of the company’s stock, valued at approximately $7,602,724.79. This represents a 16.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bernard Thiers sold 13,393 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $134.98, for a total value of $1,807,787.14. Following the sale, the director owned 93,633 shares of the company’s stock, valued at $12,638,582.34. The trade was a 12.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 172,996 shares of company stock worth $22,433,248. Company insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MHK. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Mohawk Industries in the 2nd quarter worth approximately $25,000. Basecamp Wealth Advisors LLC increased its holdings in Mohawk Industries by 2,281.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock worth $26,000 after purchasing an additional 251 shares in the last quarter. Elevation Wealth Partners LLC boosted its holdings 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 buying an additional 121 shares in the last quarter. SJS Investment Consulting Inc. grew its holdings in Mohawk Industries by 105.7% in the first quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock worth $32,000 after purchasing an additional 166 shares during the period. Finally, Pension & Wealth Management Advisors Inc. bought a new stake in Mohawk Industries in the third quarter valued at $36,000. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a global manufacturer and distributor of flooring products. The company serves residential and commercial customers through products sold to retailers, distributors, builders, contractors and other industry professionals.

Its product portfolio includes carpet, rugs, ceramic and porcelain tile, hardwood flooring, laminate, luxury vinyl tile and other resilient flooring products. Mohawk markets products under a range of well-known brands, including Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean and Durkan.

The company traces its origins to a carpet mill established in 1878 and is headquartered in Calhoun, Georgia.