Brokerages Set Mohawk Industries, Inc. (NYSE:MHK) Price Target at $123.50

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

A number of research firms have recently commented on MHK. Royal Bank Of Canada boosted their price objective on Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft set a $109.00 price objective on Mohawk Industries in a research report on Tuesday, May 5th. Zacks Research cut Mohawk Industries from a “hold” rating to a “strong sell” rating in a research report on Friday, April 24th. Bank of America restated a “neutral” rating and issued a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. Finally, Barclays cut their price objective on Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th.

Mohawk Industries Stock Down 1.6%

Shares of MHK stock opened at $99.35 on Wednesday. The stock has a 50 day moving average of $103.69 and a 200 day moving average of $112.16. The company has a current ratio of 2.16, a quick ratio of 1.23 and a debt-to-equity ratio of 0.21. The stock has a market cap of $6.06 billion, a P/E ratio of 14.90, a P/E/G ratio of 2.47 and a beta of 1.20. Mohawk Industries has a twelve month low of $93.60 and a twelve month high of $143.13.

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

Insider Activity

In other news, insider Suzanne L. Helen sold 3,000 shares of Mohawk Industries stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $97.80, for a total value of $293,400.00. Following the sale, the insider directly owned 53,893 shares of the company’s stock, valued at $5,270,735.40. The trade was a 5.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 12,000 shares of company stock valued at $1,246,336 over the last quarter. Insiders own 17.90% of the company’s stock.

Institutional Trading of Mohawk Industries

A number of institutional investors have recently made changes to their positions in MHK. Goldman Sachs Group Inc. boosted its stake in shares of Mohawk Industries by 14.1% in the first quarter. Goldman Sachs Group Inc. now owns 344,797 shares of the company’s stock worth $39,369,000 after acquiring an additional 42,655 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Mohawk Industries by 0.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 193,977 shares of the company’s stock worth $22,148,000 after buying an additional 1,175 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Mohawk Industries during the first quarter worth $149,000. Creative Planning boosted its stake in Mohawk Industries by 10.2% during the second quarter. Creative Planning now owns 3,730 shares of the company’s stock worth $391,000 after buying an additional 346 shares during the last quarter. Finally, CW Advisors LLC acquired a new position in Mohawk Industries during the second quarter worth $280,000. 78.98% of the stock is owned by institutional investors and hedge funds.

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.