Brokerages Set Mohawk Industries, Inc. (NYSE:MHK) Price Target at $140.54

Mohawk Industries, Inc. (NYSE:MHK) has earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $140.5385.

MHK has been the subject of several recent research reports. Barclays boosted their price objective on Mohawk Industries from $111.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, July 28th. Royal Bank Of Canada reissued a “sector perform” rating and set a $123.00 price objective (up from $119.00) on shares of Mohawk Industries in a report on Monday, July 28th. Wells Fargo & Company boosted their price objective on Mohawk Industries from $120.00 to $140.00 and gave the stock an “equal weight” rating in a report on Thursday, September 11th. Vertical Research initiated coverage on Mohawk Industries in a research report on Monday. They set a “buy” rating for the company. Finally, JPMorgan Chase & Co. boosted their target price on Mohawk Industries from $139.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th.

Insider Buying and Selling

In other news, VP Rodney David Patton sold 700 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $128.05, for a total transaction of $89,635.00. Following the completion of the transaction, the vice president directly owned 17,804 shares in the company, valued at approximately $2,279,802.20. The trade was a 3.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey S. Lorberbaum sold 16,000 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $120.81, for a total value of $1,932,960.00. Following the transaction, the chief executive officer owned 33,600 shares of the company’s stock, valued at $4,059,216. The trade was a 32.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,791 shares of company stock valued at $4,357,225 over the last 90 days. 17.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mohawk Industries

Several institutional investors have recently modified their holdings of MHK. Yousif Capital Management LLC raised its position in shares of Mohawk Industries by 1.1% during the second quarter. Yousif Capital Management LLC now owns 8,374 shares of the company’s stock worth $878,000 after purchasing an additional 88 shares during the period. M&T Bank Corp raised its position in shares of Mohawk Industries by 3.8% during the first quarter. M&T Bank Corp now owns 3,315 shares of the company’s stock worth $378,000 after purchasing an additional 122 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in shares of Mohawk Industries by 3.2% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 4,006 shares of the company’s stock worth $457,000 after purchasing an additional 126 shares during the period. Wedmont Private Capital grew its holdings in Mohawk Industries by 4.3% during the third quarter. Wedmont Private Capital now owns 3,031 shares of the company’s stock worth $372,000 after buying an additional 126 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Mohawk Industries by 4.7% during the first quarter. Venturi Wealth Management LLC now owns 2,899 shares of the company’s stock worth $331,000 after buying an additional 131 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Stock Performance

Shares of NYSE:MHK opened at $128.23 on Friday. The stock has a market capitalization of $7.97 billion, a P/E ratio of 17.05, a P/E/G ratio of 3.82 and a beta of 1.29. Mohawk Industries has a 1-year low of $96.24 and a 1-year high of $164.29. The company has a current ratio of 2.13, a quick ratio of 1.18 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $129.67 and a two-hundred day moving average price of $115.05.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings data on Thursday, July 24th. The company reported $2.77 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.15. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.76 billion. Mohawk Industries had a return on equity of 7.30% and a net margin of 4.44%.The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.00 EPS. Mohawk Industries has set its Q3 2025 guidance at 2.560-2.660 EPS. Equities analysts predict that Mohawk Industries will post 9.8 earnings per share for the current year.

Mohawk Industries Company Profile

Mohawk Industries, Inc designs, manufactures, sources, distributes, and markets flooring products for residential and commercial remodeling, and new construction channels in the United States, Europe, Latin America, and internationally. It operates through three segments: Global Ceramic, Flooring North America, and Flooring Rest of the World.