Mohawk Industries, Inc. (NYSE:MHK) Receives Average Recommendation of “Hold” from Analysts

Shares of Mohawk Industries, Inc. (NYSE:MHK) have earned an average rating of “Hold” from the sixteen analysts that are presently covering the stock, Marketbeat reports. Twelve research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $130.50.

A number of analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Mohawk Industries from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Zacks Research upgraded Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $121.00 price objective on shares of Mohawk Industries in a research note on Tuesday, August 4th. Weiss Ratings raised Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 6th. Finally, Truist Financial raised their target price on Mohawk Industries from $135.00 to $155.00 and gave the company a “buy” rating in a report on Tuesday, August 4th.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 1,000 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $139.48, for a total value of $139,480.00. Following the transaction, the insider owned 6,132 shares in the company, valued at approximately $855,291.36. This represents a 14.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO David Repp sold 225 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $130.59, for a total value of $29,382.75. Following the sale, the chief accounting officer owned 1,786 shares of the company’s stock, valued at approximately $233,233.74. The trade was a 11.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 102,296 shares of company stock valued at $13,106,180 in the last three months. Corporate insiders own 17.90% of the company’s stock.

Hedge Funds Weigh In On Mohawk Industries

Several hedge funds have recently added to or reduced their stakes in the stock. UBS Group AG boosted its holdings in shares of Mohawk Industries by 6.1% in the fourth quarter. UBS Group AG now owns 227,068 shares of the company’s stock valued at $24,819,000 after acquiring an additional 13,090 shares in the last quarter. Tejara Capital Ltd acquired a new position in shares of Mohawk Industries during the fourth quarter worth about $2,514,000. BNP Paribas Financial Markets raised its holdings in Mohawk Industries by 11.5% during the fourth quarter. BNP Paribas Financial Markets now owns 132,723 shares of the company’s stock worth $14,507,000 after purchasing an additional 13,663 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Mohawk Industries by 275.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 61,477 shares of the company’s stock valued at $6,719,000 after purchasing an additional 45,109 shares during the period. Finally, Wilsey Asset Management Inc. lifted its position in Mohawk Industries by 27.4% in the first quarter. Wilsey Asset Management Inc. now owns 303,104 shares of the company’s stock valued at $29,844,000 after purchasing an additional 65,235 shares during the period. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Mohawk Industries Trading Up 2.2%

Shares of MHK stock opened at $129.52 on Tuesday. 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 firm has a market cap of $8.77 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 1.83 and a beta of 1.18. The company has a 50-day moving average of $124.97 and a two-hundred day moving average of $112.86. Mohawk Industries has a 1-year low of $92.99 and a 1-year high of $140.30.

Mohawk Industries (NYSE:MHK) last announced 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 net margin of 4.15% and a return on equity of 7.50%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.79 billion. During the same period last year, the business earned $2.77 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. On average, analysts predict that Mohawk Industries will post 9.9 EPS for the current year.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a global manufacturer and distributor of flooring products. The company serves residential and commercial customers through a broad portfolio that includes carpet, rugs, ceramic and porcelain tile, laminate, hardwood, luxury vinyl tile and other resilient flooring products.

Mohawk markets its products under brands that include Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean, IVC and Durkan. Its products are sold through home improvement retailers, independent flooring dealers, distributors, builders, commercial contractors and other channels.

The company was formed in 1988 through the merger of Mohasco Corporation and Aladdin Mills and is headquartered in Calhoun, Georgia.