Mohawk Industries (NYSE:MHK) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Mohawk Industries (NYSE:MHK) from a hold rating to a buy rating in a research note released on Saturday.

A number of other equities analysts also recently commented on MHK. Evercore set a $110.00 price objective on shares of Mohawk Industries in a research note on Monday, May 4th. Truist Financial reduced their price objective on shares of Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Bank of America reissued a “neutral” rating and issued a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft set a $109.00 price objective on shares of Mohawk Industries in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company reduced their price objective on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $123.33.

Mohawk Industries Stock Down 2.3%

Shares of NYSE MHK opened at $96.45 on Friday. 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 firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 14.46, a PEG ratio of 2.37 and a beta of 1.20. The stock has a 50 day moving average price of $102.58 and a 200 day moving average price of $111.70. Mohawk Industries has a 52-week low of $93.60 and a 52-week high of $143.13.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.10. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.74 billion. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.Mohawk Industries’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Sell-side analysts expect that Mohawk Industries will post 8.78 earnings per share for the current year.

Insider Activity

In other news, insider Suzanne L. Helen sold 5,658 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $105.19, for a total transaction of $595,165.02. Following the transaction, the insider directly owned 61,935 shares of the company’s stock, valued at approximately $6,514,942.65. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 12,000 shares of company stock worth $1,246,336 over the last 90 days. Corporate insiders own 17.90% of the company’s stock.

Hedge Funds Weigh In On Mohawk Industries

Large investors have recently made changes to their positions in the business. Root Financial Partners LLC acquired a new position in shares of Mohawk Industries during the third quarter worth $25,000. Bayforest Capital Ltd acquired a new position in shares of Mohawk Industries during the fourth quarter worth $27,000. Global Retirement Partners LLC increased its position in shares of Mohawk Industries by 950.0% during the fourth quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after purchasing an additional 228 shares in the last quarter. Quent Capital LLC acquired a new position in shares of Mohawk Industries during the third quarter worth $33,000. Finally, Transamerica Financial Advisors LLC increased its position in shares of Mohawk Industries by 216.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after purchasing an additional 188 shares in the last quarter. 78.98% of the stock is 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.