Mohawk Industries (NYSE:MHK) Sets New 12-Month Low – Here’s What Happened

Mohawk Industries, Inc. (NYSE:MHK)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $92.99 and last traded at $94.1380, with a volume of 35486 shares traded. The stock had previously closed at $96.87.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Bank of America reaffirmed a “neutral” rating and issued a $122.00 target price (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Saturday. Deutsche Bank Aktiengesellschaft set a $109.00 target price on shares of Mohawk Industries in a research report on Tuesday, May 5th. JPMorgan Chase & Co. cut their target price on shares of Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Finally, Zacks Research downgraded shares of Mohawk Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Mohawk Industries has an average rating of “Hold” and a consensus target price of $123.33.

Mohawk Industries Price Performance

The company has a market cap of $5.71 billion, a P/E ratio of 14.07, a P/E/G ratio of 2.37 and a beta of 1.20. 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’s fifty day moving average is $102.34 and its two-hundred day moving average is $111.49.

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

Insider Activity at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 5,658 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $105.19, for a total transaction of $595,165.02. Following the completion of the transaction, the insider owned 61,935 shares of the company’s stock, valued at $6,514,942.65. This represents a 8.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders have sold 12,000 shares of company stock worth $1,246,336. 17.90% of the stock is owned by corporate insiders.

Institutional Trading of Mohawk Industries

Several hedge funds have recently made changes to their positions in the business. Rexford Capital Inc. raised its position in shares of Mohawk Industries by 10.1% during the 4th quarter. Rexford Capital Inc. now owns 1,087 shares of the company’s stock valued at $119,000 after buying an additional 100 shares in the last quarter. Public Employees Retirement System of Ohio raised its position 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 valued at $2,224,000 after buying an additional 100 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Mohawk Industries by 1.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,685 shares of the company’s stock valued at $560,000 after buying an additional 101 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Mohawk Industries by 7.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,569 shares of the company’s stock valued at $171,000 after buying an additional 105 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. raised its position in shares of Mohawk Industries by 22.6% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 612 shares of the company’s stock valued at $78,000 after buying an additional 113 shares in the last quarter. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

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.