Brokerages Set Mohawk Industries, Inc. (NYSE:MHK) Target Price at $123.33

Mohawk Industries, Inc. (NYSE:MHK) has received a consensus rating of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $123.3333.

MHK has been the subject of several research reports. Truist Financial dropped their price target on Mohawk Industries from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings cut Mohawk Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, May 21st. Robert W. Baird dropped their target price on Mohawk Industries from $118.00 to $112.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Evercore set a $110.00 target price on Mohawk Industries in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. dropped their target price on Mohawk Industries from $143.00 to $138.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th.

Insider Buying and Selling at Mohawk Industries

In other Mohawk Industries news, insider Suzanne L. Helen sold 3,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider directly owned 53,893 shares in the company, valued at $5,270,735.40. This represents a 5.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey S. Lorberbaum sold 5,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $105.53, for a total value of $527,650.00. Following the completion of the sale, the chief executive officer owned 25,000 shares of the company’s stock, valued at approximately $2,638,250. The trade was a 16.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 16,700 shares of company stock valued at $1,736,819. 17.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mohawk Industries

A number of hedge funds have recently modified their holdings of MHK. Bayforest Capital Ltd acquired a new position in Mohawk Industries during the 4th quarter worth about $27,000. Global Retirement Partners LLC lifted its stake in Mohawk Industries by 950.0% during the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after acquiring an additional 228 shares in the last quarter. Transamerica Financial Advisors LLC lifted its stake in Mohawk Industries by 216.1% during the 4th quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after acquiring an additional 188 shares in the last quarter. SJS Investment Consulting Inc. lifted its stake in Mohawk Industries by 105.7% during the 1st quarter. SJS Investment Consulting Inc. now owns 323 shares of the company’s stock worth $32,000 after acquiring an additional 166 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in Mohawk Industries during the 4th quarter worth about $43,000. 78.98% of the stock is currently owned by hedge funds and other institutional investors.

Mohawk Industries Trading Down 0.2%

Shares of MHK stock opened at $105.43 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.16 and a quick ratio of 1.23. The company has a market cap of $6.43 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 2.62 and a beta of 1.20. The stock has a 50 day simple moving average of $102.13 and a 200-day simple moving average of $110.94. Mohawk Industries has a 1-year low of $92.99 and a 1-year high of $143.13.

Mohawk Industries (NYSE:MHK) last announced its earnings results on Thursday, April 30th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.10. Mohawk Industries had a return on equity of 6.96% and a net margin of 3.77%.The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the prior year, the company posted $1.52 EPS. The business’s quarterly 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. On average, equities research analysts expect that Mohawk Industries will post 8.67 EPS for the current fiscal year.

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.