Mohawk Industries, Inc. (NYSE:MHK) Stock Has Average Price Target of $132.08 According to Brokerages

Mohawk Industries, Inc. (NYSE:MHK) has received a consensus recommendation of “Hold” from the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $135.00.

A number of research firms have recently weighed in on MHK. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $121.00 price target on shares of Mohawk Industries in a report on Tuesday, August 4th. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Robert W. Baird increased their price objective on Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Weiss Ratings raised Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Finally, Evercore set a $129.00 price target on Mohawk Industries in a research report on Friday, September 25th.

Mohawk Industries Stock Down 5.3%

Shares of Mohawk Industries stock opened at $119.35 on Friday. The stock has a market capitalization of $8.08 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 1.54 and a beta of 1.16. Mohawk Industries has a twelve month low of $92.99 and a twelve month high of $140.30. The company has a current ratio of 1.92, a quick ratio of 1.13 and a debt-to-equity ratio of 0.14. The business’s 50 day simple moving average is $129.37 and its 200-day simple moving average is $114.52.

Mohawk Industries (NYSE:MHK) last issued its quarterly earnings data on Thursday, July 30th. The company reported $3.67 EPS for the quarter, topping 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 in the prior year, the business earned $2.77 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Equities research analysts forecast that Mohawk Industries will post 9.87 earnings per share for the current year.

Insider Activity

In related news, Director Bernard Thiers sold 13,393 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $134.98, for a total transaction of $1,807,787.14. Following the transaction, the director directly owned 93,633 shares of the company’s stock, valued at approximately $12,638,582.34. The trade was a 12.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 53,314 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $131.57, for a total transaction of $7,014,522.98. Following the transaction, the chief executive officer owned 10,000 shares in the company, valued at approximately $1,315,700. This represents a 84.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 172,996 shares of company stock worth $22,433,248. 17.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mohawk Industries

Several large investors have recently made changes to their positions in MHK. BlackRock Inc. bought a new stake in Mohawk Industries in the second quarter worth approximately $777,293,000. Dimensional Fund Advisors LP boosted its holdings in Mohawk Industries by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,219,318 shares of the company’s stock worth $316,962,000 after purchasing an additional 80,761 shares in the last quarter. Pzena Investment Management LLC bought a new stake in Mohawk Industries in the second quarter worth $138,661,000. Brandes Investment Partners LP increased its holdings in shares of Mohawk Industries by 20.4% during the 4th quarter. Brandes Investment Partners LP now owns 1,102,574 shares of the company’s stock valued at $120,513,000 after acquiring an additional 186,649 shares during the last quarter. Finally, Norges Bank acquired a new position in Mohawk Industries during the fourth quarter valued at approximately $77,528,000. Institutional investors own 78.98% of the company’s stock.

Mohawk Industries Company Profile

Mohawk Industries, Inc is a global flooring manufacturer that produces and distributes products for residential and commercial applications. Its product portfolio includes broadloom carpet, carpet tile, area rugs, ceramic and porcelain tile, natural stone, hardwood, laminate, luxury vinyl tile and other resilient flooring products.

The company markets its products through a portfolio of well-known brands, including Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean and IVC.