Mohawk Industries’ (MHK) Neutral Rating Reiterated at Bank of America

Bank of America reiterated their neutral rating on shares of Mohawk Industries (NYSE:MHK) in a report issued on Monday, Marketbeat.com reports. They currently have a $122.00 price target on the stock, down from their previous price target of $149.00.

Several other equities research analysts have also recently commented on the stock. Barclays cut their price objective on shares of Mohawk Industries from $121.00 to $96.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 8th. Royal Bank Of Canada boosted their price objective on shares of Mohawk Industries from $122.00 to $135.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 17th. Wall Street Zen cut shares of Mohawk Industries from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Evercore set a $143.00 price objective on shares of Mohawk Industries in a research report on Tuesday, February 17th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $140.00 price objective on shares of Mohawk Industries in a research report on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $130.18.

Mohawk Industries Price Performance

Shares of MHK stock opened at $108.36 on Monday. Mohawk Industries has a 12-month low of $94.56 and a 12-month high of $143.13. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 18.30, a price-to-earnings-growth ratio of 2.16 and a beta of 1.24. The company has a quick ratio of 1.21, a current ratio of 2.19 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average of $109.55 and a 200-day moving average of $114.00.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, February 12th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.02. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.68 billion. Mohawk Industries had a net margin of 3.43% and a return on equity of 6.80%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.95 EPS. Mohawk Industries has set its Q1 2026 guidance at 1.750-1.850 EPS. On average, equities research analysts forecast that Mohawk Industries will post 9.2 earnings per share for the current year.

Insider Buying and Selling

In other Mohawk Industries news, insider Suzanne L. Helen sold 3,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $97.80, for a total transaction of $293,400.00. Following the sale, the insider directly owned 53,893 shares of the company’s stock, valued at $5,270,735.40. The trade was a 5.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 12,000 shares of company stock worth $1,246,336. Insiders own 17.90% of the company’s stock.

Institutional Investors Weigh In On Mohawk Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in Mohawk Industries by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,138,557 shares of the company’s stock worth $343,045,000 after buying an additional 53,545 shares in the last quarter. State Street Corp lifted its position in Mohawk Industries by 2.1% during the 2nd quarter. State Street Corp now owns 1,915,831 shares of the company’s stock worth $200,856,000 after buying an additional 39,556 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Mohawk Industries by 0.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,829,830 shares of the company’s stock worth $235,902,000 after buying an additional 9,516 shares in the last quarter. AQR Capital Management LLC lifted its position in Mohawk Industries by 15.9% during the 4th quarter. AQR Capital Management LLC now owns 1,829,347 shares of the company’s stock worth $199,948,000 after buying an additional 251,012 shares in the last quarter. Finally, Pzena Investment Management LLC lifted its position in Mohawk Industries by 0.6% during the 4th quarter. Pzena Investment Management LLC now owns 1,186,400 shares of the company’s stock worth $129,674,000 after buying an additional 7,332 shares in the last quarter. 78.98% of the stock is owned by institutional investors.

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.