JPMorgan Chase & Co. Has Lowered Expectations for Mohawk Industries (NYSE:MHK) Stock Price

Mohawk Industries (NYSE:MHK) had its target price lowered by research analysts at JPMorgan Chase & Co. from $143.00 to $138.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 34.26% from the stock’s previous close.

A number of other research firms have also recently commented on MHK. Deutsche Bank Aktiengesellschaft set a $109.00 target price on Mohawk Industries in a research note on Tuesday. Royal Bank Of Canada raised their target price on Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 17th. Wall Street Zen lowered Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Bank of America reaffirmed a “neutral” rating and set a $122.00 price objective (down from $149.00) on shares of Mohawk Industries in a research report on Monday, April 20th. Finally, Barclays reduced 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. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Mohawk Industries presently has an average rating of “Hold” and an average price target of $123.33.

Mohawk Industries Trading Down 1.5%

MHK opened at $102.78 on Wednesday. The stock has a market cap of $6.26 billion, a PE ratio of 15.41, a PEG ratio of 2.50 and a beta of 1.20. The company has a quick ratio of 1.23, a current ratio of 2.16 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average of $105.08 and a 200-day moving average of $112.75. Mohawk Industries has a 52 week low of $93.60 and a 52 week high of $143.13.

Mohawk Industries (NYSE:MHK) last released its earnings results on Thursday, April 30th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates 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%.The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 EPS. Mohawk Industries has set its Q2 2026 guidance at 2.500-2.600 EPS. Equities research analysts predict that Mohawk Industries will post 8.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Suzanne L. Helen sold 5,658 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $105.19, for a total transaction of $595,165.02. Following the completion of the transaction, the insider owned 61,935 shares of the company’s stock, valued at $6,514,942.65. This trade represents a 8.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 12,000 shares of company stock worth $1,246,336. 17.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MHK. Norges Bank purchased a new position in shares of Mohawk Industries in the fourth quarter worth $77,528,000. AQR Capital Management LLC raised its stake in shares of Mohawk Industries by 73.9% in the third quarter. AQR Capital Management LLC now owns 1,578,335 shares of the company’s stock worth $200,922,000 after purchasing an additional 670,601 shares during the last quarter. Steadfast Capital Management LP raised its stake in shares of Mohawk Industries by 96.3% in the third quarter. Steadfast Capital Management LP now owns 937,301 shares of the company’s stock worth $120,837,000 after purchasing an additional 459,700 shares during the last quarter. ARGA Investment Management LP raised its stake in shares of Mohawk Industries by 1,508.1% in the third quarter. ARGA Investment Management LP now owns 488,741 shares of the company’s stock worth $63,008,000 after purchasing an additional 458,349 shares during the last quarter. Finally, Candlestick Capital Management LP purchased a new position in shares of Mohawk Industries in the third quarter worth $53,320,000. Institutional investors own 78.98% of the company’s stock.

About Mohawk Industries

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.