Mohawk Industries, Inc. (NYSE:MHK) Receives $130.50 Consensus Target Price from Analysts

Mohawk Industries, Inc. (NYSE:MHK) has been assigned an average rating of “Hold” from the sixteen brokerages that are currently covering the company, MarketBeat.com reports. Twelve research analysts have rated the stock with 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 target among analysts that have issued a report on the stock in the last year is $130.50.

A number of research firms have weighed in on MHK. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a research report on Sunday, June 21st. Weiss Ratings raised Mohawk Industries from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 6th. Royal Bank Of Canada lifted their price objective on Mohawk Industries from $117.00 to $130.00 and gave the stock a “sector perform” rating in a research note on Monday, August 3rd. Wells Fargo & Company boosted their price objective on Mohawk Industries from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Finally, Evercore set a $110.00 target price on Mohawk Industries in a report on Monday, May 4th.

Insider Transactions at Mohawk Industries

In other news, CEO Jeffrey S. Lorberbaum sold 53,314 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $131.57, for a total value of $7,014,522.98. Following the completion of the sale, the chief executive officer directly owned 10,000 shares of the company’s stock, valued at approximately $1,315,700. This represents a 84.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bernard Thiers sold 13,393 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $134.98, for a total transaction of $1,807,787.14. Following the completion of the sale, the director owned 93,633 shares in the company, valued at approximately $12,638,582.34. The trade was a 12.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 120,882 shares of company stock worth $15,131,598 over the last three months. 17.90% of the stock is currently owned by insiders.

Institutional Trading of Mohawk Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Mohawk Industries during the second quarter valued at about $25,000. Basecamp Wealth Advisors LLC grew its position in Mohawk Industries by 2,281.8% during the first quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock worth $26,000 after buying an additional 251 shares in the last quarter. Bayforest Capital Ltd bought a new position in Mohawk Industries during the fourth quarter valued at about $27,000. Elevation Wealth Partners LLC increased its stake in Mohawk Industries by 122.2% during the second quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock valued at $27,000 after acquiring an additional 121 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in Mohawk Industries by 950.0% in the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock valued at $28,000 after acquiring an additional 228 shares in the last quarter. 78.98% of the stock is currently owned by institutional investors and hedge funds.

Mohawk Industries Stock Down 1.6%

MHK opened at $133.14 on Friday. The firm has a market cap of $9.02 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 2.07 and a beta of 1.18. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.13 and a current ratio of 1.92. The business has a 50 day moving average price of $118.63 and a 200 day moving average price of $112.58. Mohawk Industries has a twelve month low of $92.99 and a twelve month high of $143.13.

Mohawk Industries (NYSE:MHK) last released its quarterly earnings results on Thursday, July 30th. The company reported $3.67 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $1.09. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.79 billion. Mohawk Industries had a net margin of 4.15% and a return on equity of 7.50%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.77 earnings per share. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Research analysts forecast that Mohawk Industries will post 9.69 EPS for the current year.

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.