Brokerages Set Mohawk Industries, Inc. (NYSE:MHK) PT at $138.46

Mohawk Industries, Inc. (NYSE:MHK) has been given a consensus rating of “Moderate Buy” by the fifteen research firms that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $138.4615.

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Mohawk Industries from $139.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Wells Fargo & Company reissued a “neutral” rating and issued a $130.00 price target on shares of Mohawk Industries in a report on Monday, October 27th. Evercore ISI set a $124.00 price objective on Mohawk Industries in a research note on Monday, October 27th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $123.00 target price (up from $119.00) on shares of Mohawk Industries in a research note on Monday, July 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Mohawk Industries in a research report on Friday, October 31st.

Insider Buying and Selling

In other news, Director Bernard Thiers sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $128.21, for a total value of $1,282,100.00. Following the completion of the sale, the director directly owned 105,532 shares of the company’s stock, valued at $13,530,257.72. This represents a 8.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Rodney David Patton sold 700 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $128.05, for a total value of $89,635.00. Following the completion of the transaction, the vice president owned 17,804 shares in the company, valued at $2,279,802.20. This trade represents a 3.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 18,906 shares of company stock worth $2,409,994 in the last ninety days. 17.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mohawk Industries

Large investors have recently made changes to their positions in the business. Schonfeld Strategic Advisors LLC raised its stake in shares of Mohawk Industries by 2,091.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 118,876 shares of the company’s stock valued at $15,325,000 after purchasing an additional 113,452 shares in the last quarter. Creative Planning increased its holdings in Mohawk Industries by 358.8% in the 3rd quarter. Creative Planning now owns 17,115 shares of the company’s stock valued at $2,206,000 after buying an additional 13,385 shares during the period. Lazard Asset Management LLC increased its holdings in Mohawk Industries by 115.5% in the 3rd quarter. Lazard Asset Management LLC now owns 26,187 shares of the company’s stock valued at $3,376,000 after buying an additional 14,038 shares during the period. AQR Capital Management LLC raised its stake in shares of Mohawk Industries by 73.9% in the 3rd quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock valued at $200,922,000 after buying an additional 670,601 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in shares of Mohawk Industries by 4.4% during the 3rd quarter. Raymond James Financial Inc. now owns 130,955 shares of the company’s stock worth $16,883,000 after acquiring an additional 5,501 shares during the period. Institutional investors and hedge funds own 78.98% of the company’s stock.

Mohawk Industries Stock Down 1.0%

MHK stock opened at $106.85 on Wednesday. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 2.38 and a beta of 1.31. Mohawk Industries has a 1-year low of $96.24 and a 1-year high of $146.93. The firm has a fifty day moving average price of $123.65 and a two-hundred day moving average price of $116.40. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.25 and a quick ratio of 1.24.

Mohawk Industries (NYSE:MHK) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $2.67 EPS for the quarter, missing the consensus estimate of $2.68 by ($0.01). Mohawk Industries had a net margin of 3.93% and a return on equity of 6.97%. The business had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same period last year, the firm posted $2.90 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. Mohawk Industries has set its Q4 2025 guidance at 1.900-2.000 EPS. Research analysts predict that Mohawk Industries will post 9.8 EPS for the current year.

About Mohawk Industries

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.