Mohawk Industries (NYSE:MHK) Research Coverage Started at Melius Research

Melius Research began coverage on shares of Mohawk Industries (NYSE:MHK) in a research note issued to investors on Tuesday morning, Marketbeat reports. The firm issued a buy rating and a $188.00 price objective on the stock.

Other equities research analysts have also recently issued research reports about the company. Evercore set a $129.00 price target on Mohawk Industries in a report on Friday, September 25th. Robert W. Baird raised their price target on Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Wells Fargo & Company lifted their price target on Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Truist Financial boosted their price objective on shares of Mohawk Industries from $135.00 to $155.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Finally, Barclays increased their price objective on shares of Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $135.00.

Mohawk Industries Stock Performance

NYSE:MHK opened at $119.35 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 $8.08 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 1.45 and a beta of 1.16. The firm’s fifty day moving average price is $129.36 and its 200 day moving average price is $114.68. 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 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 net margin of 4.15% and a return on equity of 7.50%. The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.79 billion. During the same quarter in the prior year, the firm earned $2.77 EPS. Mohawk Industries’s quarterly 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. On average, sell-side analysts expect that Mohawk Industries will post 9.87 EPS for the current year.

Insiders Place Their Bets

In other news, insider Suzanne L. Helen sold 800 shares of the company’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $125.62, for a total value of $100,496.00. Following the completion of the sale, the insider owned 5,332 shares of the company’s stock, valued at $669,805.84. This represents a 13.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 11,400 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $128.21, for a total value of $1,461,594.00. Following the sale, the chief executive officer owned 59,299 shares in the company, valued at approximately $7,602,724.79. The trade was a 16.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 172,996 shares of company stock worth $22,433,248 over the last ninety days. 17.90% of the stock is owned by company insiders.

Institutional Trading of Mohawk Industries

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Mohawk Industries in the 2nd quarter valued at about $777,293,000. Pzena Investment Management LLC bought a new position in Mohawk Industries in the second quarter worth about $138,661,000. Canada Pension Plan Investment Board bought a new position in Mohawk Industries in the second quarter worth about $80,880,000. Donald Smith & CO. Inc. acquired a new position in Mohawk Industries in the second quarter valued at approximately $42,157,000. Finally, Bank of America Corp DE bought a new position in shares of Mohawk Industries during the second quarter valued at approximately $36,666,000. Hedge funds and other 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.