Mohawk Industries, Inc. (NYSE:MHK) Receives Consensus Rating of “Hold” from Brokerages

Shares of Mohawk Industries, Inc. (NYSE:MHK) have earned an average recommendation of “Hold” from the fifteen analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $123.3333.

Several equities analysts have recently issued reports on the stock. 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 report on Wednesday, May 6th. Wells Fargo & Company cut their price objective on shares of Mohawk Industries from $125.00 to $105.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. 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 report on Monday, April 20th. Wall Street Zen upgraded shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Finally, Weiss Ratings downgraded shares of Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 21st.

Mohawk Industries Stock Performance

MHK stock opened at $118.94 on Thursday. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 2.96 and a beta of 1.20. The firm has a 50-day simple moving average of $106.11 and a two-hundred day simple moving average of $110.90. Mohawk Industries has a one year low of $92.99 and a one year high of $143.13. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.23 and a current ratio of 2.16.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.80 by $0.10. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.74 billion. Mohawk Industries had a net margin of 3.77% and a return on equity of 6.96%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 earnings per share. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. On average, equities analysts forecast that Mohawk Industries will post 8.71 EPS for the current fiscal year.

Insider Activity

In other news, insider Suzanne L. Helen sold 16,600 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $112.97, for a total transaction of $1,875,302.00. Following the transaction, the insider owned 14,132 shares in the company, valued at $1,596,492.04. This represents a 54.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of Mohawk Industries stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $105.53, for a total value of $527,650.00. Following the sale, the chief executive officer directly owned 25,000 shares of the company’s stock, valued at $2,638,250. This trade represents a 16.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 40,186 shares of company stock worth $4,460,321. Corporate insiders own 17.90% of the company’s stock.

Hedge Funds Weigh In On Mohawk Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its stake in shares of Mohawk Industries by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,254 shares of the company’s stock worth $2,224,000 after purchasing an additional 100 shares during the period. Rexford Capital Inc. increased its holdings in Mohawk Industries by 10.1% in the 4th quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock worth $119,000 after acquiring an additional 100 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Mohawk Industries by 1.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock worth $560,000 after acquiring an additional 101 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Mohawk Industries by 7.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock worth $171,000 after acquiring an additional 105 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Mohawk Industries by 20.7% in the 4th quarter. Signaturefd LLC now owns 671 shares of the company’s stock worth $73,000 after acquiring an additional 115 shares in the last quarter. Institutional investors and hedge funds own 78.98% of the company’s stock.

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.