Truist Financial Issues Positive Forecast for Mohawk Industries (NYSE:MHK) Stock Price

Mohawk Industries (NYSE:MHK) had its price target boosted by equities researchers at Truist Financial from $148.00 to $155.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s target price suggests a potential upside of 18.08% from the company’s current price.

Several other equities research analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mohawk Industries in a research report on Wednesday, January 28th. Vertical Research initiated coverage on Mohawk Industries in a report on Monday, October 20th. They set a “buy” rating for the company. Wells Fargo & Company increased their target price on Mohawk Industries from $110.00 to $125.00 and gave the company a “cautious” rating in a research report on Wednesday, February 11th. Evercore set a $143.00 price target on Mohawk Industries in a research report on Tuesday. Finally, Wall Street Zen cut Mohawk Industries from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Mohawk Industries presently has an average rating of “Hold” and an average target price of $137.64.

Mohawk Industries Stock Down 1.0%

Shares of MHK stock traded down $1.33 during mid-day trading on Tuesday, hitting $131.27. The stock had a trading volume of 152,699 shares, compared to its average volume of 828,922. 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 2.19 and a quick ratio of 1.21. The firm’s 50-day moving average is $118.10 and its two-hundred day moving average is $121.00. The firm has a market capitalization of $8.12 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 3.69 and a beta of 1.23.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings data on Thursday, February 12th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.02. Mohawk Industries had a return on equity of 6.80% and a net margin of 3.43%.The firm had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the previous year, the company posted $1.95 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. On average, analysts predict that Mohawk Industries will post 9.8 earnings per share for the current fiscal year.

Insider Activity

In other Mohawk Industries news, insider Suzanne L. Helen sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $110.36, for a total transaction of $386,260.00. Following the sale, the insider owned 70,593 shares of the company’s stock, valued at approximately $7,790,643.48. The trade was a 4.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 14,485 shares of company stock worth $1,604,006 in the last 90 days. Corporate insiders own 17.40% of the company’s stock.

Hedge Funds Weigh In On Mohawk Industries

Several hedge funds and other institutional investors have recently bought and sold shares of MHK. Atlas FRM LLC boosted its stake in shares of Mohawk Industries by 28.0% in the second quarter. Atlas FRM LLC now owns 608,000 shares of the company’s stock valued at $63,743,000 after purchasing an additional 133,000 shares during the period. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Mohawk Industries during the 3rd quarter worth approximately $20,054,000. Sequoia Financial Advisors LLC acquired a new stake in Mohawk Industries during the 2nd quarter worth approximately $337,000. ARGA Investment Management LP boosted its position in Mohawk Industries by 1,508.1% in the 3rd quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock valued at $63,008,000 after buying an additional 458,349 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Mohawk Industries by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,829,830 shares of the company’s stock worth $235,902,000 after acquiring an additional 9,516 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Company Profile

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.